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

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

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

Price T Rowe's Operating Expenses history runs 18 years deep, the most recent figure standing at $1.2 billion for Q1 2026.

  • Quarterly Operating Expenses rose 0.76% year-over-year to $1.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.1 billion (up 7.78% YoY) and the FY2025 annual result came in at $5.1 billion, up 7.68% from the prior year.
  • Operating Expenses was $1.2 billion for Q1 2026 at Price T Rowe, down from $1.5 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.5 billion in Q4 2025 and bottomed at $844.4 million in Q2 2022.
  • A 5-year average of $1.2 billion and a median of $1.2 billion in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses decreased 13.06% — and 2023, when it grew 27.51%.
  • Price T Rowe's Operating Expenses stood at $1.3 billion in 2022, then retreated by 1.28% to $1.3 billion in 2023, then increased by 0.1% to $1.3 billion in 2024, then grew by 16.48% to $1.5 billion in 2025, then declined by 19.59% to $1.2 billion in 2026.
  • Business Quant data shows TROW's Operating Expenses at $1.2 billion in Q1 2026, $1.5 billion in Q4 2025, and $1.3 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 Principal Financial 23.31 Bn -27.00 Bn -463.00 Mn 3.05 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