Price T Rowe (TROW) Operating Expenses (2009 - 2026)

Price T Rowe (TROW) reported Operating Expenses of $1.2 billion for Q1 2026, up 0.76% on a YoY basis from $1.2 billion in Q1 2025, and down 19.59% quarter-over-quarter from $1.5 billion in Q4 2025.

Price T Rowe (TROW) Operating Expenses (2009 - 2026) Analysis & Trends

Price T Rowe has reported Operating Expenses for 18 years, with the latest figure at $1.2 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 0.76% year-over-year to $1.2 billion; the trailing twelve-month figure through Mar 2026 stood at $5.1 billion (up 7.78% YoY), and the FY2025 full-year result was $5.1 billion, up 7.68% from the prior year.
  • Operating Expenses for Q1 2026 stood at $1.2 billion, down from $1.5 billion in the prior quarter.
  • The five-year high for Operating Expenses was $1.5 billion in Q4 2025, with the low at $844.4 million in Q2 2022.
  • Historically, Operating Expenses has averaged $1.2 billion across 5 years, with a median of $1.2 billion in 2024.
  • Annual changes were most pronounced in 2022 — Operating Expenses declined 13.06% — and 2023, when it gained 27.51%.
  • Price T Rowe's Operating Expenses stood at $1.3 billion in 2022, then declined by 1.28% to $1.3 billion in 2023, then climbed by 0.1% to $1.3 billion in 2024, then advanced by 16.48% to $1.5 billion in 2025, then slipped by 19.59% to $1.2 billion in 2026.
  • The last three Operating Expenses figures came in at $1.2 billion (Q1 2026), $1.5 billion (Q4 2025), and $1.3 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 160.20 Bn 150.57 Bn - 3.88 Bn
2 Blackstone 96.40 Bn 95.35 Bn - 2.26 Bn
3 Kkr 85.87 Bn 133.39 Bn - 3.87 Bn
4 Apollo Global Management 79.90 Bn 98.63 Bn 5.04 Bn 4.68 Bn
5 State Street 46.62 Bn 20.95 Bn - 2.81 Bn
6 Ameriprise Financial 42.78 Bn 42.65 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.35 Bn 32.35 Bn - 1.51 Bn
8 Ares Management 30.25 Bn 33.62 Bn - 1.17 Bn
9 Raymond James Financial 30.24 Bn 18.99 Bn - 3.12 Bn
10 Price T Rowe 23.84 Bn 20.27 Bn - 1.18 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.18 Bn
Dec 31, 2025 1.46 Bn
Sep 30, 2025 1.25 Bn
Jun 30, 2025 1.25 Bn
Mar 31, 2025 1.17 Bn
Dec 31, 2024 1.26 Bn
Sep 30, 2024 1.17 Bn
Jun 30, 2024 1.17 Bn
Mar 31, 2024 1.16 Bn
Dec 31, 2023 1.25 Bn
Sep 30, 2023 1.09 Bn
Jun 30, 2023 1.08 Bn
Mar 31, 2023 1.05 Bn
Dec 31, 2022 1.27 Bn
Sep 30, 2022 1.01 Bn
Jun 30, 2022 844.40 Mn
Mar 31, 2022 985.60 Mn
Dec 31, 2021 1.10 Bn
Sep 30, 2021 957.90 Mn
Jun 30, 2021 971.20 Mn