T. Rowe Price Group (TROW) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter declined slightly from the prior quarter. Compared with the same quarter a year earlier, revenue increased.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter declined slightly from the prior quarter. Compared with the same quarter a year earlier, revenue increased.
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
-1.0%
Change from the immediately preceding quarter.
Year-over-year
+7.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.8B
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 |
|---|---|---|
| Sep 30, 2023 | $1.7B | +5.2% |
| Dec 31, 2023 | $1.6B | +7.7% |
| Mar 31, 2024 | $1.8B | +13.8% |
| Jun 30, 2024 | $1.7B | +7.6% |
Revenue performance
The reported revenue direction was a modest decrease relative to the immediately preceding quarter. The year-over-year comparison showed a gain.
Quarterly comparison
Revenue was lower than the prior quarter but higher than the same quarter one year ago. The sequential decline followed a larger increase in the previous quarter.
What to watch
Future revenue will continue to depend on changes in assets under management, which are influenced by market fluctuations and client flows.