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T. Rowe Price Group (MIL:1TROW) Tax Rate % : 22.48% (As of Sep. 2024)


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What is T. Rowe Price Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. T. Rowe Price Group's Tax Expense for the three months ended in Sep. 2024 was €167 Mil. T. Rowe Price Group's Pre-Tax Income for the three months ended in Sep. 2024 was €744 Mil. Therefore, T. Rowe Price Group's Tax Rate % for the quarter that ended in Sep. 2024 was 22.48%.

T. Rowe Price Group Tax Rate % Historical Data

The historical data trend for T. Rowe Price Group's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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T. Rowe Price Group Tax Rate % Chart

T. Rowe Price Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.17 22.17 22.43 25.59 26.29

T. Rowe Price Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.81 26.79 23.48 24.76 22.48

T. Rowe Price Group Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

T. Rowe Price Group's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=600.268/2283.605
=26.29 %

T. Rowe Price Group's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=167.316/744.316
=22.48 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

T. Rowe Price Group Tax Rate % Related Terms

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T. Rowe Price Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » T. Rowe Price Group Inc (MIL:1TROW) » Definitions » Tax Rate %
Comparable Companies
STT NTRS RJF PFG CG CRBG ARES ARCC OWL BEN BLK BX KKR APO TSX:BN OSTO:INVE A AMP LSE:III XSWX:PGHN OSTO:EQT
Traded in Other Exchanges
TROW:USA TROW:Mexico 0KNY:UK TR1:Germany TR1:Germany TR1:Germany TROW:Austria
Address
100 East Pratt Street, Baltimore, MD, USA, 21202
Website
https://www.troweprice.com
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load us and international stock, hybrid, bond, and money market funds. At the end of August 2024, the firm had $1.612 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a us-based asset manager, deriving less than 10% of its AUM from overseas.

T. Rowe Price Group Headlines

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