T. Rowe Price Group (TROW) 10-K Summary — Year Ended Dec 31, 2024
T. Rowe Price Group's annual report describes its business, risk factors, and financial condition. Revenue increased compared to the prior year, while operating income, net income, and operating cash flow were reported.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
T. Rowe Price Group's annual report describes its business, risk factors, and financial condition. Revenue increased compared to the prior year, while operating income, net income, and operating cash flow were reported.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$7.1B
Revenue reported for the fiscal year.
Operating income
$2.3B
Income from operations reported for the year.
Net income
$2.1B
Net income reported for the year.
Operating cash flow
$1.7B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $7.7B | n/a |
| Dec 31, 2022 | $6.5B | -15.4% |
| Dec 31, 2023 | $6.5B | -0.4% |
| Dec 31, 2024 | $7.1B | +9.8% |
Business overview
The Business overview section of the filing outlines the company's operations, but no specific details are available from the provided data. The company is identified as T. Rowe Price Group, Inc.
Financial performance
Revenue grew from the prior year, reversing a previous decline. Operating income, net income, and operating cash flow were all positive and significant.
Material risks
The filing identifies risk factors in Item 1A, covering various uncertainties that could affect the company. These include market, regulatory, and operational risks as summarized in the report.
Liquidity and capital
The Management's Discussion and Analysis section discusses liquidity and capital allocation, but specific themes are not provided in the supplied data.
What to watch
Investors should monitor the company's revenue trend in the next filing, as it has shown variability over recent years.