T. Rowe Price (TROW) revenue breakdown
By product, Investment advisory fees is the largest at 90% of fiscal 2025 revenue, growing 7% a year over 9 years.
Revenue by product
Fiscal years, as T. Rowe Price reports them in its 10-K filings; fiscal 2025 total $7.3B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Investment advisory fees | $3.7B | $4.3B | $4.9B | $5.1B | $5.7B | $7.1B | $6.0B | $5.7B | $6.4B | $6.6B | 90% |
| Administrative, distribution, services, and other fees | — | — | — | — | — | $574M | $574M | $551M | $588M | $594M | 8% |
| Capital allocation-based income | — | — | — | — | — | — | -$54M | $162M | $47M | $81M | 1% |
| Performance-based advisory fees | — | — | — | — | — | — | $6M | $38M | $59M | $37M | 1% |
| Administrative Service | $408M | $412M | $384M | $385M | $402M | — | — | — | — | — | — |
| Distribution and servicing fees | $142M | $147M | $138M | $120M | $111M | — | — | — | — | — | — |
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Where does T. Rowe Price make its money?
In fiscal 2025, by product: Investment advisory fees $6.6B, Administrative, distribution, services, and other fees $594M, Capital allocation-based income $81M, Performance-based advisory fees $37M.
From T. Rowe Price's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.