T. Rowe Price Group (TROW) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the current quarter. The growth was driven by higher asset values and net inflows.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased in the current quarter. The growth was driven by higher asset values and net inflows.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+6.6%
Change from the immediately preceding quarter.
Year-over-year
+13.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.7B
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 |
|---|---|---|
| Jun 30, 2023 | $1.6B | +6.4% |
| Sep 30, 2023 | $1.7B | +5.2% |
| Dec 31, 2023 | $1.6B | +7.7% |
| Mar 31, 2024 | $1.8B | +13.8% |
Revenue performance
Revenue rose compared to the immediately preceding quarter. The year-over-year comparison also showed an increase.
Quarterly comparison
The current quarter's revenue was higher than both the prior quarter and the same quarter a year earlier. The sequential and annual gains reflect improved market conditions and client activity.
What to watch
Future revenue will depend on asset values and client flows, which are subject to market volatility.