Price T Rowe Group annual free cash flow
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Price T Rowe Group Free Cash Flow (FCF) History (TROW)
Price T Rowe Group reported $1.48B in free cash flow for fiscal 2025, an increase of 17.19% from the previous fiscal year, with a free cash flow margin of 20.22%.
View full Price T Rowe Group company overviewPrice T Rowe Group free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.48B | $217.0M | +17.19% | +20.22% |
| 2024 | 2024-12-31 | $1.26B | $351.0M | +38.52% | +17.79% |
| 2023 | 2023-12-31 | $911.2M | −$1.21B | −57.06% | +14.10% |
| 2022 | 2022-12-31 | $2.12B | −$1.09B | −33.96% | +32.70% |
| 2021 | 2021-12-31 | $3.21B | $1.51B | +88.52% | +41.88% |
| 2020 | 2020-12-31 | $1.70B | $386.2M | +29.30% | +27.46% |
| 2019 | 2019-12-31 | $1.32B | −$133.3M | −9.18% | +23.46% |
| 2018 | 2018-12-31 | $1.45B | $1.41B | +3244.24% | +27.01% |
| 2017 | 2017-12-31 | $43.4M | $21.2M | +95.50% | +0.89% |
| 2016 | 2016-12-31 | $22.2M | −$1.36B | −98.39% | +0.52% |
| 2015 | 2015-12-31 | $1.38B | $161.5M | +13.26% | +32.83% |
| 2014 | 2014-12-31 | $1.22B | $90.3M | +8.01% | +30.58% |
| 2013 | 2013-12-31 | $1.13B | $301.5M | +36.51% | +32.36% |
| 2012 | 2012-12-31 | $825.9M | −$40.2M | −4.64% | +27.33% |
| 2011 | 2011-12-31 | $866.1M | $251.3M | +40.88% | +31.53% |
| 2010 | 2010-12-31 | $614.8M | $213.1M | +53.05% | +25.93% |
| 2009 | 2009-12-31 | $401.7M | −$196.0M | −32.79% | +21.46% |
| 2008 | 2008-12-31 | $597.7M | −$14.7M | −2.40% | +28.18% |
| 2007 | 2007-12-31 | $612.4M | — | — | +27.42% |
Price T Rowe Group quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $450.9M | −$16.8M | −3.59% | +23.64% |
| Q1 2026 | 2026-03-31 | $762.3M | $211.4M | +38.37% | +41.05% |
| Q4 2025 | 2025-12-31 | −$85.4M | $309.5M | — | −4.42% |
| Q3 2025 | 2025-09-30 | $546.0M | −$1.9M | −0.35% | +28.84% |
| Q2 2025 | 2025-06-30 | $467.7M | −$106.7M | −18.58% | +27.14% |
| Q1 2025 | 2025-03-31 | $550.9M | $16.1M | +3.01% | +31.23% |
| Q4 2024 | 2024-12-31 | −$394.9M | −$155.6M | — | −21.64% |
| Q3 2024 | 2024-09-30 | $547.9M | $171.5M | +45.56% | +30.68% |
| Q2 2024 | 2024-06-30 | $574.4M | $251.3M | +77.78% | +33.14% |
| Q1 2024 | 2024-03-31 | $534.8M | $83.8M | +18.58% | +30.56% |
| Q4 2023 | 2023-12-31 | −$239.3M | −$43.7M | — | −14.57% |
| Q3 2023 | 2023-09-30 | $376.4M | −$336.8M | −47.22% | +22.53% |
| Q2 2023 | 2023-06-30 | $323.1M | −$232.6M | −41.86% | +20.07% |
| Q1 2023 | 2023-03-31 | $451.0M | −$597.5M | −56.99% | +29.33% |
| Q4 2022 | 2022-12-31 | −$195.6M | −$496.5M | — | −12.83% |
| Q3 2022 | 2022-09-30 | $713.2M | −$518.6M | −42.10% | +44.91% |
| Q2 2022 | 2022-06-30 | $555.7M | −$188.6M | −25.34% | +36.73% |
| Q1 2022 | 2022-03-31 | $1.05B | $112.6M | +12.03% | +56.28% |
| Q4 2021 | 2021-12-31 | $300.9M | $358.1M | — | +15.34% |
| Q3 2021 | 2021-09-30 | $1.23B | $1.01B | +444.80% | +63.04% |
| Q2 2021 | 2021-06-30 | $744.3M | −$49.4M | −6.22% | +38.58% |
| Q1 2021 | 2021-03-31 | $935.9M | $194.2M | +26.18% | +51.23% |
| Q4 2020 | 2020-12-31 | −$57.2M | −$23.5M | — | −3.30% |
| Q3 2020 | 2020-09-30 | $226.1M | −$271.4M | −54.55% | +14.17% |
| Q2 2020 | 2020-06-30 | $793.7M | $470.4M | +145.50% | +56.08% |
| Q1 2020 | 2020-03-31 | $741.7M | $210.7M | +39.68% | +50.71% |
| Q4 2019 | 2019-12-31 | −$33.7M | −$120.2M | — | −2.29% |
| Q3 2019 | 2019-09-30 | $497.5M | −$16.7M | −3.25% | +34.87% |
| Q2 2019 | 2019-06-30 | $323.3M | −$43.1M | −11.76% | +23.17% |
| Q1 2019 | 2019-03-31 | $531.0M | $46.7M | +9.64% | +40.01% |
| Q4 2018 | 2018-12-31 | $86.5M | $266.8M | — | +6.63% |
| Q3 2018 | 2018-09-30 | $514.2M | $347.1M | +207.72% | +36.87% |
| Q2 2018 | 2018-06-30 | $366.4M | $451.4M | — | +27.24% |
| Q1 2018 | 2018-03-31 | $484.3M | $342.7M | +242.02% | +36.47% |
| Q4 2017 | 2017-12-31 | −$180.3M | −$46.8M | — | −13.89% |
| Q3 2017 | 2017-09-30 | $167.1M | −$82.0M | −32.92% | +13.49% |
| Q2 2017 | 2017-06-30 | −$85.0M | $45.7M | — | −7.17% |
| Q1 2017 | 2017-03-31 | $141.6M | $104.3M | +279.62% | +12.50% |
| Q4 2016 | 2016-12-31 | −$133.5M | −$233.7M | — | — |
| Q3 2016 | 2016-09-30 | $249.1M | −$223.1M | −47.25% | — |
| Q2 2016 | 2016-06-30 | −$130.7M | −$435.0M | — | — |
| Q1 2016 | 2016-03-31 | $37.3M | −$465.2M | −92.58% | — |
| Q4 2015 | 2015-12-31 | $100.2M | $16.0M | +19.00% | +9.52% |
| Q3 2015 | 2015-09-30 | $472.2M | $4.6M | +0.98% | +45.01% |
| Q2 2015 | 2015-06-30 | $304.3M | $100.1M | +49.02% | +28.38% |
| Q1 2015 | 2015-03-31 | $502.5M | $40.8M | +8.84% | +48.93% |
| Q4 2014 | 2014-12-31 | $84.2M | $40.5M | +92.68% | +8.24% |
| Q3 2014 | 2014-09-30 | $467.6M | $70.3M | +17.69% | +45.81% |
| Q2 2014 | 2014-06-30 | $204.2M | −$45.6M | −18.25% | +20.75% |
| Q1 2014 | 2014-03-31 | $461.7M | $25.1M | +5.75% | +48.37% |
| Q4 2013 | 2013-12-31 | $43.7M | $23.1M | +112.14% | +4.70% |
| Q3 2013 | 2013-09-30 | $397.3M | $49.9M | +14.36% | +44.92% |
| Q2 2013 | 2013-06-30 | $249.8M | $39.1M | +18.56% | +29.24% |
| Q1 2013 | 2013-03-31 | $436.6M | $189.4M | +76.62% | +53.52% |
| Q4 2012 | 2012-12-31 | $20.6M | $45.5M | — | +2.62% |
| Q3 2012 | 2012-09-30 | $347.4M | $33.9M | +10.81% | +45.13% |
| Q2 2012 | 2012-06-30 | $210.7M | −$42.5M | −16.79% | +28.60% |
| Q1 2012 | 2012-03-31 | $247.2M | −$77.1M | −23.77% | +33.92% |
| Q4 2011 | 2011-12-31 | −$24.9M | −$29.6M | — | −3.72% |
| Q3 2011 | 2011-09-30 | $313.5M | $87.6M | +38.78% | +46.09% |
| Q2 2011 | 2011-06-30 | $253.2M | $100.7M | +66.03% | +35.44% |
| Q1 2011 | 2011-03-31 | $324.3M | $92.6M | +39.97% | +47.47% |
| Q4 2010 | 2010-12-31 | $4.7M | −$33.4M | −87.66% | +0.72% |
| Q3 2010 | 2010-09-30 | $225.9M | $66.8M | +41.99% | +38.48% |
| Q2 2010 | 2010-06-30 | $152.5M | $56.6M | +59.02% | +26.37% |
| Q1 2010 | 2010-03-31 | $231.7M | $123.1M | +113.35% | +41.59% |
| Q4 2009 | 2009-12-31 | $38.1M | −$202.1M | −84.14% | +7.01% |
| Q3 2009 | 2009-09-30 | $159.1M | — | — | +31.88% |
| Q2 2009 | 2009-06-30 | $95.9M | — | — | +21.62% |
| Q1 2009 | 2009-03-31 | $108.6M | — | — | +28.16% |
| Q3 2008 | 2008-09-30 | $240.2M | — | — | +43.21% |
Price T Rowe Group free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $1.70B to $1.48B, a compound annual decline of 2.79%. Price T Rowe Group's latest reported quarter, Q2 2026, generated $450.9M in free cash flow, a decrease of 3.59% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Price T Rowe Group filings at SEC.gov ↗