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| Date | Value |
|---|---|
| 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 |