Stocks · Financial Services · Asset Management
T. Rowe Price Group, Inc. TROW
$104.62 -1.14% Close, Oct 2, 2026 · NASDAQ · Market cap $22.42B
High qualityInexpensive vs sector
Next earnings report: Oct 30, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The shares trade at 10.5× trailing earnings, lower than 86% of the company's own readings over the past five years.
- Revenue over the last four quarters was $7.59B, up 7.0% from a year earlier, accelerating from 4.2% a quarter earlier.
- The company holds net cash of $2.80B (cash above total debt).
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 49%
- EPS growth (TTM, YoY)Bottom 39%
- FCF growth (TTM, YoY)Top 30%
- Revenue growth, 3-year CAGRBottom 15%
- Revenue growth accelerationTop 25%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 10%
- Gross marginTop 35%
- Operating marginTop 27%
- Cash conversion (OCF / net income)Bottom 41%
- Accruals (lower is better)Top 41%
- Net debt / EBITDA (lower is better)Top 17%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 19%
- Free-cash-flow yieldTop 38%
- EBITDA / enterprise valueTop 13%
- Sales / enterprise valueTop 36%
- P/E vs own 5-year history (lower is better)Top 14%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 48%
- 6-month returnTop 27%
- 1-year return vs S&P 500Bottom 43%
- Distance from 52-week highBottom 37%
- Trend checklist (0–4)Top 48%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 48%
- Consecutive EPS beatsTop 42%
- Share of analysts rating BuyBottom 16%
- Upside to consensus price targetBottom 27%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 37%
- Maximum drawdown, 3 yearsBottom 33%
- Beta vs S&P 500 (lower is better)Bottom 21%
- Net debt / EBITDA (lower is better)Top 17%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 4.2% | 7.0% | ↑ |
| EPS growth (YoY) | 5.8% | 11.4% | ↑ |
| Gross margin | 51.3% | 70.7% | ↑ |
| Operating margin | 31.8% | 30.3% | ↓ |
| FCF margin | 20.2% | 28.7% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 7.0% | 4.2% | ↑ | Top 49% |
| EPS growth (TTM, YoY) | 11.4% | 5.8% | ↑ | Bottom 39% |
| Gross margin | 70.7% | 51.3% | ↑ | Top 35% |
| Operating margin | 30.3% | 31.8% | ↓ | Top 27% |
| Net margin | 29.3% | 28.7% | ↑ | — |
| Free-cash-flow margin | 28.7% | 20.2% | ↑ | — |
| Return on invested capital | 12.7% | — | Top 10% | |
| Revenue growth, 3-year CAGR | 4.1% | — | Bottom 15% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.04×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -0.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +2.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.99×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 5.11%
- Net buyback yield (TTM)
- 1.48%
- Shareholder yield
- 6.59%
- Share count change, 1 year
- -2.8%
- Share count change, 3-year CAGR
- -1.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +5.1%
- Average 2-day reaction, last 8
- -0.7%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $112.50
- Target vs current price
- +7.5%
- Analysts with a rating
- 38
- Share rating Buy or Strong Buy
- 21%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 31, 2026 | +2.4% | -6.3% | -4.7% | -5.8% | — |
| Apr 30, 2026 | +8.2% | +2.4% | +5.6% | +3.1% | +18.7% |
| Feb 4, 2026 | -0.8% | -5.5% | -5.9% | -10.4% | +0.2% |
| Oct 31, 2025 | +10.6% | +0.4% | +0.0% | +0.2% | +3.1% |
| Aug 1, 2025 | +4.2% | +1.6% | +2.6% | +6.7% | +2.1% |
| May 2, 2025 | +4.7% | +4.0% | +5.2% | +6.2% | +19.1% |
| Feb 5, 2025 | -3.6% | -4.2% | -5.6% | -12.9% | -23.7% |
| Nov 1, 2024 | +10.3% | +2.0% | +9.3% | +12.7% | +5.5% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 31, 2026 | $2.57 | $2.51 | +2.4% | $1.91B |
| Apr 30, 2026 | $2.52 | $2.33 | +8.2% | $1.86B |
| Feb 4, 2026 | $2.44 | $2.46 | -0.8% | $1.93B |
| Oct 31, 2025 | $2.81 | $2.54 | +10.6% | $1.89B |
| Aug 1, 2025 | $2.24 | $2.15 | +4.2% | $1.72B |
| May 2, 2025 | $2.23 | $2.13 | +4.7% | $1.76B |
| Feb 5, 2025 | $2.12 | $2.20 | -3.6% | $1.82B |
| Nov 1, 2024 | $2.57 | $2.33 | +10.3% | $1.79B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 10.5× | 12.2× | 14th | Top 19% |
| P/E (forward) | 10.3× | — | — | — |
| EV / EBITDA | 6.9× | — | — | Top 13% |
| EV / Sales | 2.58× | — | — | Top 36% |
| Free-cash-flow yield | 9.70% | — | — | Top 38% |
| Earnings yield | 9.53% | — | — | Top 19% |
P/E over the past five years
Range 10.1× – 18.9× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +3.5%
- Earnings per share growth (TTM)
- +11.4%
- Change in P/E multiple
- -2.7%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 4
- 50-day average slope (20 days)
- -3.8%
- 200-day average slope (20 days)
- +0.3%
- Distance from 50-day average
- -5.0%
- Distance from 200-day average
- +0.7%
- RSI (14)
- 42.4
- Relative volume
- 1.05×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 24.3%
- Volatility vs own 5-year history
- 33th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.00
- Correlation with S&P 500
- 0.65
- Current drawdown from 1-year high
- -14.0%
- Maximum drawdown, 3 years
- -35.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Aug 31, 2021 | Apr 8, 2025 | -64.1% | 904 days | Not yet recovered |
| Oct 23, 2020 | Oct 30, 2020 | -14.5% | 5 days | 23 days (Dec 3, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $22.42B
- P/E (TTM)
- 10.5
- EPS, diluted (TTM)
- $9.97
- Revenue (TTM)
- $7.59B
- Dividend yield
- 4.94%
- 52-week range
- $85.22 – $122.00
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $7.67B | $6.49B | $6.46B | $7.09B | $7.31B |
| Gross profit | $4.68B | $3.57B | $3.21B | $3.68B | $4.58B |
| Operating income | $3.71B | $2.37B | $1.99B | $2.33B | $2.19B |
| Net income | $3.08B | $1.56B | $1.79B | $2.10B | $2.09B |
| EPS (diluted) | $13.12 | $6.70 | $7.76 | $9.15 | $9.25 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.79B | $1.82B | $1.76B | $1.72B | $1.89B | $1.93B | $1.86B | $1.91B |
| Net income | $603.0M | $439.9M | $490.5M | $505.2M | $646.1M | $445.3M | $498.2M | $632.0M |
| EPS (diluted) | $2.64 | $1.92 | $2.15 | $2.24 | $2.87 | $1.99 | $2.23 | $2.88 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $3.45B | $2.36B | $1.22B | $1.69B | $1.75B |
| Capital expenditure | -$239.1M | -$237.6M | -$307.9M | -$423.4M | -$274.2M |
| Free cash flow | $3.21B | $2.12B | $911.2M | $1.26B | $1.48B |
| Dividends paid | -$1.70B | -$1.11B | -$1.12B | -$1.14B | -$1.14B |
| Net share buybacks | -$1.22B | -$886.0M | -$272.4M | -$370.5M | -$643.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $3.23B
- Total assets
- $15.36B
- Total liabilities
- $3.18B
- Total debt
- $429.4M
- Net debt
- -$2.80B
- Shareholders’ equity
- $11.00B
As of Jun 30, 2026 (filed Jul 31, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 15, 2026 | $1.30 | Sep 29, 2026 |
| Jun 15, 2026 | $1.30 | Jun 29, 2026 |
| Mar 16, 2026 | $1.30 | Mar 30, 2026 |
| Dec 15, 2025 | $1.27 | Dec 30, 2025 |
| Sep 15, 2025 | $1.27 | Sep 29, 2025 |
| Jun 13, 2025 | $1.27 | Jun 27, 2025 |
| Mar 14, 2025 | $1.27 | Mar 28, 2025 |
| Dec 13, 2024 | $1.24 | Dec 27, 2024 |
Short interest
- Shares sold short
- 27,437,346
- Days to cover
- 20.36
- Change vs previous report
- +4.6%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jun 26, 2006
- 2-for-1
- May 1, 1998
- 2-for-1
- May 1, 1996
- 2-for-1
- Dec 1, 1993
- 2-for-1
- Jan 2, 1990
- 2-for-1