Filing Flows › Price T Rowe Group (TROW) › How it makes money
How Price T Rowe Group (TROW) makes money
Price T Rowe Group (TROW) made $2.0B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Investment advisory fees brought in $1.8B (90%); Administrative, distribution, servicing, and other fees brought in $141M (7%); Capital allocation-based income brought in $59.9M (3%). Of every dollar of revenue, 38¢ was left as operating profit, 31¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Investment advisory fees | $1.8B | 89.6% | +3% | +6% |
| Administrative, distribution, servicing, and other fees | $141M | 7.0% | -2% | -3% |
| Capital allocation-based income | $59.9M | 3.0% | +403% | +43% |
| Performance-based advisory fees | $7.3M | 0.4% | +12% | +14% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.0B | 100.0% |
| Operating profit | $770M | 38.4% |
| Income tax | $190M | 9.5% |
| Net earnings | $612M | 30.5% |
| Operating cash flow | $543M | 27.1% |
| Free cash flow | $471M | 23.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.0B | +6% |
| Q2 2026 | $1.9B | +11% |
| Q1 2026 | $1.9B | +5% |
| Q4 2025 | $1.9B | +6% |
| Q3 2025 | $1.9B | +6% |
| Q2 2025 | $1.7B | -0.6% |
| Q1 2025 | $1.8B | +0.8% |
From Price T Rowe Group's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Price T Rowe Group make money?
Price T Rowe Group (TROW) made $2.0B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Investment advisory fees brought in $1.8B (90%); Administrative, distribution, servicing, and other fees brought in $141M (7%); Capital allocation-based income brought in $59.9M (3%). Of every dollar of revenue, 38¢ was left as operating profit, 31¢ was left as net earnings.
What is Price T Rowe Group's biggest business?
Investment advisory fees: $1.8B in the third quarter 2026, 90% of revenue, +6% from a year earlier.
What is Price T Rowe Group's profit margin?
Net earnings were $612M, 30.5% of revenue, in the third quarter 2026; the operating margin was 38.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.