T. Rowe Price Group (TROW) Revenue — Quarter Ended Sep 30, 2023
Revenue increased in the current quarter compared with the prior quarter. Revenue also rose relative to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased in the current quarter compared with the prior quarter. Revenue also rose relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
+3.8%
Change from the immediately preceding quarter.
Year-over-year
+5.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $1.5B | -22.3% |
| Mar 31, 2023 | $1.5B | -17.5% |
| Jun 30, 2023 | $1.6B | +6.4% |
| Sep 30, 2023 | $1.7B | +5.2% |
Revenue performance
The reported revenue reflects a sequential improvement from the immediately preceding quarter. The year-over-year comparison also shows an increase.
Quarterly comparison
Compared with the prior quarter, revenue moved higher. Versus the same quarter a year ago, revenue was also higher.
What to watch
Revenue direction may continue to be influenced by changes in assets under management and market conditions.