T. Rowe Price Group (TROW) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The sequential growth was modest, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The sequential growth was modest, while the year-over-year gain was more pronounced.
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
+3.0%
Change from the immediately preceding quarter.
Year-over-year
+6.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.9B
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, 2023 | $1.6B | +7.7% |
| Mar 31, 2024 | $1.8B | +13.8% |
| Jun 30, 2024 | $1.7B | +7.6% |
| Sep 30, 2024 | $1.8B | +6.9% |
Revenue performance
The reported revenue reflects an upward direction for the quarter, continuing the positive trend observed in recent periods.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose at a moderate pace. Relative to the same quarter one year earlier, the increase was larger, indicating stronger year-over-year performance.
What to watch
The filing context notes that revenues depend on asset values and composition, which are influenced by market fluctuations and client flows.