Financials in USD. Standardized financial statements.
A compact view of how T. Rowe Price Retirement 2025 Fund turns revenue into operating income and net income.
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $120.74B | $134.04B | $143.05B | $181.19B | $170.76B | $160.55B | $163.79B | $146.80B | $132.45B | $128.75B |
| Revenue Growth? | -9.9% | -6.3% | -21.1% | +6.1% | +6.4% | -2.0% | +11.6% | +10.8% | +2.9% | 0.0% |
| Cost of Revenue? | $50.85B | $60.41B | $65.65B | $84.14B | $79.42B | $77.81B | $77.19B | $67.05B | $59.36B | $51.19B |
| Gross Profit? | $69.89B | $73.63B | $77.40B | $97.05B | $91.34B | $82.74B | $86.60B | $79.75B | $73.09B | $77.56B |
| Gross Margin? | +57.9% | +54.9% | +54.1% | +53.6% | +53.5% | +51.5% | +52.9% | +54.3% | +55.2% | +60.2% |
| Operating Expenses? | $66.88B | $37.74B | $70.03B | $70.16B | $58.51B | $61.30B | $61.87B | $54.94B | $59.19B | $45.64B |
| Operating Income? | $29.47B | $34.76B | $24.43B | $27.74B | $31.62B | $24.00B | $24.91B | $25.20B | $15.12B | $30.75B |
| EBITDA? | $44.52B | $49.71B | $43.61B | $52.65B | $56.96B | $45.57B | $48.39B | $45.55B | $31.89B | $47.01B |
| Income Before Tax | -$3.09B | $29.17B | -$354.00M | $18.47B | $24.87B | $15.14B | $19.81B | $20.69B | $10.36B | $28.05B |
| Income Tax Expense | $3.78B | $5.39B | $1.17B | $3.49B | $4.92B | $14.71B | $6.48B | $7.00B | $3.62B | $9.33B |
| Net Income? | -$7.88B | $22.17B | -$3.07B | $13.90B | $19.37B | $29.45B | $12.98B | $13.35B | $6.44B | $18.42B |
| EPS? | $-1.10 | $3.03 | $-0.43 | $1.89 | $2.85 | $4.77 | $2.10 | $2.37 | $1.24 | $3.42 |
| Diluted EPS? | $-1.10 | $2.95 | $-0.43 | $1.89 | $2.85 | $4.76 | $2.10 | $2.36 | $1.23 | $3.42 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality