TROW (T. Rowe Price Group) Total Operating Expense: $1,291 Mil (TTM As of Mar. 2026)


TROW T. Rowe Price Group Inc TROW
80 GF Score
Price $118.55
GF Value $121.65
Valuation Fairly Valued
! 9 Warning Signs
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What is T. Rowe Price Group Total Operating Expense?

T. Rowe Price Group TROW +2.10% 80 Total Operating Expense is $1,291 Mil as of Mar. 2026. GuruFocus rates TROW with a GF Score™ of 80/100 and a GF Value™ of $121.65 (Fairly Valued). The stock has 9 warning signs investors should review.

T. Rowe Price Group's Total Operating Expense for the three months ended in Mar. 2026 was $315 Mil. T. Rowe Price Group's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $1,291 Mil.

T. Rowe Price Group Total Operating Expense Related Terms

T. Rowe Price Group Total Operating Expense Historical Data

* Premium members only.

The historical data trend for T. Rowe Price Group's Total Operating Expense 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.

T. Rowe Price Group Total Operating Expense Chart

T. Rowe Price Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 968.70 1,070.00 1,168.10 1,207.50 1,272.90

T. Rowe Price Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 297.00 318.80 306.20 350.90 315.20
TROW
80GF Score
T. Rowe Price Group Inc TROW
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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T. Rowe Price Group Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,291 Mil.

* 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.

What does a Total Operating Expense of $1,291 Mil mean?
T. Rowe Price Group (TROW) has a Total Operating Expense of $1,291 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on T. Rowe Price Group and its competitors.
Is T. Rowe Price Group's Total Operating Expense too high?
T. Rowe Price Group's current Total Operating Expense is $1,291 Mil. Overall, T. Rowe Price Group has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does T. Rowe Price Group's Total Operating Expense compare to PFG and ARES?
T. Rowe Price Group's Total Operating Expense of $1,291 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for an Asset Management company?
A good Total Operating Expense depends on the Asset Management industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on T. Rowe Price Group and its competitors. T. Rowe Price Group's current Total Operating Expense is $1,291 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T. Rowe Price Group stock overvalued right now?
Based on GuruFocus' analysis, T. Rowe Price Group (TROW) is currently considered Fairly Valued. The stock's GF Value™ is $121.65, compared to a current price of $118.55 — trading 2.5% below its estimated fair value. The current Total Operating Expense is $1,291 Mil. T. Rowe Price Group's overall GF Score™ is 80/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For T. Rowe Price Group (TROW), the current Total Operating Expense is $1,291 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is T. Rowe Price Group (TROW) Overvalued in 2026?

Based on GuruFocus' analysis, T. Rowe Price Group stock appears to be undervalued. The current stock price of $118.55 is trading 2.5% below its estimated GF Value™ of $121.65. GuruFocus considers T. Rowe Price Group to be Fairly Valued.

Key valuation signals for TROW:

  • Total Operating Expense: $1,291 Mil
  • GF Value™: $121.65 vs. price of $118.55 (2.5% below fair value)
  • GF Score™: 80/100 with 9 warning signs

No single metric tells the full story. See the TROW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

T. Rowe Price Group Business Description

Address 100 East Pratt Street, Baltimore, MD, USA, 21202
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 May 2026, the firm had $1.892 trillion in managed assets, composed of equity (49%), balanced (37%), fixed-income and money market (11%), and alternative (3%) offerings. Approximately two-thirds of managed assets are held in retirement-based accounts, which provide 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.
80GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$118.55
Price
$121.65
GF Value