T. Rowe Price Group (TROW) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined compared to the immediately preceding quarter. However, it rose compared to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined compared to the immediately preceding quarter. However, it rose compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
-1.7%
Change from the immediately preceding quarter.
Year-over-year
+7.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
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 |
|---|---|---|
| Mar 31, 2023 | $1.5B | -17.5% |
| Jun 30, 2023 | $1.6B | +6.4% |
| Sep 30, 2023 | $1.7B | +5.2% |
| Dec 31, 2023 | $1.6B | +7.7% |
Revenue performance
The reported revenue decreased from the prior quarter, reversing the sequential growth seen in the two preceding quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Compared with the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline in revenue may warrant attention given the prior quarters had shown consecutive increases.