Filing Flows › Price T Rowe Group (TROW) › Q1 2025
Price T Rowe Group (TROW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Price T Rowe Group (TROW) reported revenue of $1.8B for the first quarter 2025 (Q1 2025), +0.8% from a year earlier and -3% from the quarter before. Operating margin was 33.8%, net earnings $490M (27.8% of revenue).
Price T Rowe Group, Q1 2025: revenue $1.8B (+0.8% year over year), operating margin 33.8%, net earnings $490M, operating cash flow $633M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -3% | +0.8% |
| Operating profit | $596M | +5% | +2% |
| Net earnings | $490M | +12% | -15% |
| Operating cash flow | $633M | — | -0.7% |
| Free cash flow | $551M | — | +3% |
What changed
Revenue was $1.8B in Q1 2025, up 1% year over year and down 3% from the previous quarter. Investment advisory fees was the largest line at 91% of revenue. Investment advisory fees added $0.06B year over year (up 4%), 453% of the total change. Performance-based advisory fees declined 41%.
Operating profit was $0.60B, a 33.8% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 71% reached operating profit, above the 34% margin then. Total costs grew 0% against revenue growth of 1%. Net earnings were $0.49B, down 15% year over year. The effective tax rate was 24.3%.
Operating cash flow was $0.63B (down 1% year over year), 125% of net income including minority interests. Non-cash charges added back $0.05B of share-based compensation. Working capital and other items added $0.08B. Capital expenditures of $0.08B left free cash flow of $0.55B.
Questions
What was Price T Rowe Group's revenue in the first quarter 2025?
Price T Rowe Group (TROW) reported revenue of $1.8B for the first quarter 2025 (Q1 2025), +0.8% from a year earlier and -3% from the quarter before.
Was Price T Rowe Group profitable in the first quarter 2025?
Operating profit was $596M (33.8% of revenue) and net earnings $490M.
Source: Price T Rowe Group 10-Q on SEC EDGAR.