T. Rowe Price Group, Inc.
TROWFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
7,094
Cost of Revenue
3,410
Gross Profit
3,684
Gross Margin
51.9%
Operating Income
2,333
Operating Margin
32.9%
Net Income
2,100
Net Margin
29.6%
EPS (Basic)
$9.18
EPS (Diluted)
$9.15
EBITDA
2,981
EBITDA Margin
42.0%
2023
12/31/2023
Revenue
6,461
Cost of Revenue
3,254
Gross Profit
3,206
Gross Margin
49.6%
Operating Income
1,986
Operating Margin
30.7%
Net Income
1,789
Net Margin
27.7%
EPS (Basic)
$7.78
EPS (Diluted)
$7.76
EBITDA
2,520
EBITDA Margin
39.0%
2022
12/31/2022
Revenue
6,488
Cost of Revenue
2,922
Gross Profit
3,566
Gross Margin
55.0%
Operating Income
2,374
Operating Margin
36.6%
Net Income
1,558
Net Margin
24.0%
EPS (Basic)
$6.73
EPS (Diluted)
$6.70
EBITDA
3,142
EBITDA Margin
48.4%
2021
12/31/2021
Revenue
7,672
Cost of Revenue
2,993
Gross Profit
4,679
Gross Margin
61.0%
Operating Income
3,710
Operating Margin
48.4%
Net Income
3,083
Net Margin
40.2%
EPS (Basic)
$13.25
EPS (Diluted)
$13.12
EBITDA
3,915
EBITDA Margin
51.0%
2020
12/31/2020
Revenue
6,207
Cost of Revenue
2,616
Gross Profit
3,590
Gross Margin
57.8%
Operating Income
2,746
Operating Margin
44.2%
Net Income
2,373
Net Margin
38.2%
EPS (Basic)
$10.08
EPS (Diluted)
$9.98
EBITDA
2,935
EBITDA Margin
47.3%