T. Rowe Price Group Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of T. Rowe Price Group Inc (TROW). It shows which part of the business is growing — and which one is holding it back.
Revenue by product line
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Investment advisory fees | $7.10B 92.5% | $5.96B 91.9% · -16.0% | $5.71B 88.4% · -4.2% | $6.40B 90.2% · +12.1% | $6.60B 90.3% · +3.2% |
| Administrative, distribution, services, and other fees | – | – | $550.9M 8.5% | $588.0M 8.3% · +6.7% | $593.9M 8.1% · +1.0% |
| Capital allocation-based income | $0 0.0% | -$54.3M -0.8% | $161.9M 2.5% · +398.2% | $46.6M 0.7% · -71.2% | $81.2M 1.1% · +74.2% |
| Performance-based advisory fees | – | $6.4M 0.1% | $38.2M 0.6% · +496.9% | $59.3M 0.8% · +55.2% | $37.4M 0.5% · -36.9% |
| Administrative, distribution, and servicing fees | $573.8M 7.5% | $573.6M 8.8% · +0.0% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.