UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Millions |
Total |
Restricted shares |
Restricted stock units |
Total stockholders’ equity attributable to T. Rowe Price Group |
Total stockholders’ equity attributable to T. Rowe Price Group
Restricted shares
|
Total stockholders’ equity attributable to T. Rowe Price Group
Restricted stock units
|
Common stock |
Common stock
Restricted shares
|
Common stock
Restricted stock units
|
Additional capital in excess of par value |
Additional capital in excess of par value
Restricted shares
|
Additional capital in excess of par value
Restricted stock units
|
Retained earnings |
AOCI |
[1] |
Non-controlling interests in consolidated entities |
| Beginning balances (in shares) at Dec. 31, 2024 |
|
|
|
|
|
|
222,966
|
|
|
|
|
|
|
|
|
| Beginning balances at Dec. 31, 2024 |
$ 10,506.1
|
|
|
$ 10,345.4
|
|
|
$ 44.6
|
|
|
$ 311.9
|
|
|
$ 10,040.6
|
$ (51.7)
|
$ 160.7
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
993.8
|
|
|
995.7
|
|
|
|
|
|
|
|
|
995.7
|
|
(1.9)
|
| Other comprehensive (loss) income, net of tax |
7.1
|
|
|
7.1
|
|
|
|
|
|
|
|
|
|
7.1
|
|
| Dividends declared |
(574.9)
|
|
|
(574.9)
|
|
|
|
|
|
|
|
|
(574.9)
|
|
|
| Common stock-based compensation plans activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares issued upon option exercises (in shares) |
|
|
|
|
|
|
264
|
|
|
|
|
|
|
|
|
| Shares issued upon option exercises |
17.2
|
|
|
17.2
|
|
|
$ 0.1
|
|
|
17.1
|
|
|
|
|
|
| Net shares issued upon vesting of restricted stock units (in shares) |
|
|
|
|
|
|
|
|
15
|
|
|
|
|
|
|
| Net shares issued upon vesting of restricted stock units |
|
|
$ (0.6)
|
|
|
$ (0.6)
|
|
|
|
|
|
$ (0.6)
|
|
|
|
| Stock-based compensation expense |
96.9
|
|
|
96.9
|
|
|
|
|
|
96.9
|
|
|
|
|
|
| Restricted stock units issued as dividend equivalents |
|
|
|
|
|
|
|
|
|
0.1
|
|
|
(0.1)
|
|
|
| Common shares repurchased (in shares) |
|
|
|
|
|
|
(3,351)
|
|
|
|
|
|
|
|
|
| Common shares repurchased |
(326.1)
|
|
|
(326.1)
|
|
|
$ (0.7)
|
|
|
(325.4)
|
|
|
|
|
|
| Net distributions to non-controlling interests in consolidated entities |
(5.5)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(5.5)
|
| Ending balances (in shares) at Jun. 30, 2025 |
|
|
|
|
|
|
219,902
|
|
|
|
|
|
|
|
|
| Ending balances at Jun. 30, 2025 |
10,713.8
|
|
|
10,560.5
|
|
|
$ 44.0
|
|
|
99.8
|
|
|
10,461.3
|
(44.6)
|
153.3
|
| Beginning balances attributable to redeemable non-controlling interests at Dec. 31, 2024 |
944.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Increase (Decrease) in Temporary Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
65.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other comprehensive (loss) income, net of tax |
11.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net subscriptions into T. Rowe Price investment products |
259.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net deconsolidations of T. Rowe Price investment products |
(181.1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ending balances attributable to redeemable non-controlling interests at Jun. 30, 2025 |
1,099.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning balances (in shares) at Mar. 31, 2025 |
|
|
|
|
|
|
221,061
|
|
|
|
|
|
|
|
|
| Beginning balances at Mar. 31, 2025 |
10,555.1
|
|
|
10,394.7
|
|
|
$ 44.2
|
|
|
160.2
|
|
|
10,242.2
|
(51.9)
|
160.4
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
503.7
|
|
|
505.2
|
|
|
|
|
|
|
|
|
505.2
|
|
(1.5)
|
| Other comprehensive (loss) income, net of tax |
7.3
|
|
|
7.3
|
|
|
|
|
|
|
|
|
|
7.3
|
|
| Dividends declared |
(286.1)
|
|
|
(286.1)
|
|
|
|
|
|
|
|
|
(286.1)
|
|
|
| Common stock-based compensation plans activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares issued upon option exercises (in shares) |
|
|
|
|
|
|
33
|
|
|
|
|
|
|
|
|
| Shares issued upon option exercises |
2.0
|
|
|
2.0
|
|
|
$ 0.1
|
|
|
1.9
|
|
|
|
|
|
| Restricted shares issued, net of shares withheld for taxes (in shares) |
|
|
|
|
|
|
|
8
|
|
|
|
|
|
|
|
| Restricted shares issued, net of shares withheld for taxes |
|
$ (0.2)
|
|
|
$ (0.2)
|
|
|
|
|
|
$ (0.2)
|
|
|
|
|
| Net shares issued upon vesting of restricted stock units (in shares) |
|
|
|
|
|
|
|
|
10
|
|
|
|
|
|
|
| Net shares issued upon vesting of restricted stock units |
|
|
(0.4)
|
|
|
(0.4)
|
|
|
|
|
|
(0.4)
|
|
|
|
| Stock-based compensation expense |
46.6
|
|
|
46.6
|
|
|
|
|
|
46.6
|
|
|
|
|
|
| Common shares repurchased (in shares) |
|
|
|
|
|
|
(1,210)
|
|
|
|
|
|
|
|
|
| Common shares repurchased |
(108.6)
|
|
|
(108.6)
|
|
|
$ (0.3)
|
|
|
(108.3)
|
|
|
|
|
|
| Net distributions to non-controlling interests in consolidated entities |
(5.6)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(5.6)
|
| Ending balances (in shares) at Jun. 30, 2025 |
|
|
|
|
|
|
219,902
|
|
|
|
|
|
|
|
|
| Ending balances at Jun. 30, 2025 |
10,713.8
|
|
|
10,560.5
|
|
|
$ 44.0
|
|
|
99.8
|
|
|
10,461.3
|
(44.6)
|
153.3
|
| Beginning balances attributable to redeemable non-controlling interests at Mar. 31, 2025 |
977.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Increase (Decrease) in Temporary Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
50.9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other comprehensive (loss) income, net of tax |
7.9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net subscriptions into T. Rowe Price investment products |
169.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net deconsolidations of T. Rowe Price investment products |
(106.0)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ending balances attributable to redeemable non-controlling interests at Jun. 30, 2025 |
1,099.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning balances (in shares) at Dec. 31, 2025 |
|
|
|
|
|
|
218,565
|
|
|
|
|
|
|
|
|
| Beginning balances at Dec. 31, 2025 |
11,017.2
|
|
|
10,860.1
|
|
|
$ 43.8
|
|
|
0.0
|
|
|
10,866.8
|
(50.5)
|
157.1
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
1,148.4
|
|
|
1,130.2
|
|
|
|
|
|
|
|
|
1,130.2
|
|
18.2
|
| Other comprehensive (loss) income, net of tax |
(7.7)
|
|
|
(7.7)
|
|
|
|
|
|
|
|
|
|
(7.7)
|
|
| Dividends declared |
(572.3)
|
|
|
(572.3)
|
|
|
|
|
|
|
|
|
(572.3)
|
|
|
| Common stock-based compensation plans activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares issued upon option exercises (in shares) |
|
|
|
|
|
|
13
|
|
|
|
|
|
|
|
|
| Shares issued upon option exercises |
0.9
|
|
|
0.9
|
|
|
|
|
|
0.9
|
|
|
|
|
|
| Restricted shares issued, net of shares withheld for taxes (in shares) |
|
|
|
|
|
|
|
5
|
|
|
|
|
|
|
|
| Restricted shares issued, net of shares withheld for taxes |
|
(0.3)
|
|
|
(0.3)
|
|
|
|
|
|
(0.3)
|
|
|
|
|
| Net shares issued upon vesting of restricted stock units (in shares) |
|
|
|
|
|
|
|
|
14
|
|
|
|
|
|
|
| Net shares issued upon vesting of restricted stock units |
|
|
(0.7)
|
|
|
(0.7)
|
|
|
|
|
|
(0.7)
|
|
|
|
| Forfeiture of restricted awards (in shares) |
|
|
|
|
|
|
|
|
(18)
|
|
|
|
|
|
|
| Stock-based compensation expense |
89.8
|
|
|
89.8
|
|
|
|
|
|
89.8
|
|
|
|
|
|
| Restricted stock units issued as dividend equivalents |
|
|
|
|
|
|
|
|
|
0.3
|
|
|
(0.3)
|
|
|
| Common shares repurchased (in shares) |
|
|
|
|
|
|
(5,267)
|
|
|
|
|
|
|
|
|
| Common shares repurchased |
(497.5)
|
|
|
(497.5)
|
|
|
$ (1.1)
|
|
|
(90.0)
|
|
|
(406.4)
|
|
|
| Net distributions to non-controlling interests in consolidated entities |
(14.3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(14.3)
|
| Ending balances (in shares) at Jun. 30, 2026 |
|
|
|
|
|
|
213,312
|
|
|
|
|
|
|
|
|
| Ending balances at Jun. 30, 2026 |
11,163.5
|
|
|
11,002.5
|
|
|
$ 42.7
|
|
|
0.0
|
|
|
11,018.0
|
(58.2)
|
161.0
|
| Beginning balances attributable to redeemable non-controlling interests at Dec. 31, 2025 |
1,036.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Increase (Decrease) in Temporary Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
49.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other comprehensive (loss) income, net of tax |
(1.6)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net subscriptions into T. Rowe Price investment products |
128.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net deconsolidations of T. Rowe Price investment products |
(202.9)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ending balances attributable to redeemable non-controlling interests at Jun. 30, 2026 |
1,009.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning balances (in shares) at Mar. 31, 2026 |
|
|
|
|
|
|
214,880
|
|
|
|
|
|
|
|
|
| Beginning balances at Mar. 31, 2026 |
10,935.2
|
|
|
10,777.6
|
|
|
$ 43.1
|
|
|
0.0
|
|
|
10,786.1
|
(51.6)
|
157.6
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
638.8
|
|
|
632.0
|
|
|
|
|
|
|
|
|
632.0
|
|
6.8
|
| Other comprehensive (loss) income, net of tax |
(6.6)
|
|
|
(6.6)
|
|
|
|
|
|
|
|
|
|
(6.6)
|
|
| Dividends declared |
(283.9)
|
|
|
(283.9)
|
|
|
|
|
|
|
|
|
(283.9)
|
|
|
| Common stock-based compensation plans activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares issued upon option exercises (in shares) |
|
|
|
|
|
|
9
|
|
|
|
|
|
|
|
|
| Shares issued upon option exercises |
0.6
|
|
|
0.6
|
|
|
|
|
|
0.6
|
|
|
|
|
|
| Restricted shares issued, net of shares withheld for taxes (in shares) |
|
|
|
|
|
|
|
5
|
|
|
|
|
|
|
|
| Restricted shares issued, net of shares withheld for taxes |
|
$ (0.3)
|
|
|
$ (0.3)
|
|
|
|
|
|
$ (0.3)
|
|
|
|
|
| Net shares issued upon vesting of restricted stock units (in shares) |
|
|
|
|
|
|
|
|
9
|
|
|
|
|
|
|
| Net shares issued upon vesting of restricted stock units |
|
|
$ (0.5)
|
|
|
$ (0.5)
|
|
|
|
|
|
$ (0.5)
|
|
|
|
| Forfeiture of restricted awards (in shares) |
|
|
|
|
|
|
|
|
(18)
|
|
|
|
|
|
|
| Stock-based compensation expense |
40.7
|
|
|
40.7
|
|
|
|
|
|
40.7
|
|
|
|
|
|
| Restricted stock units issued as dividend equivalents |
|
|
|
|
|
|
|
|
|
0.1
|
|
|
(0.1)
|
|
|
| Common shares repurchased (in shares) |
|
|
|
|
|
|
(1,573)
|
|
|
|
|
|
|
|
|
| Common shares repurchased |
(157.1)
|
|
|
(157.1)
|
|
|
$ (0.4)
|
|
|
(40.6)
|
|
|
(116.1)
|
|
|
| Net distributions to non-controlling interests in consolidated entities |
(3.4)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(3.4)
|
| Ending balances (in shares) at Jun. 30, 2026 |
|
|
|
|
|
|
213,312
|
|
|
|
|
|
|
|
|
| Ending balances at Jun. 30, 2026 |
11,163.5
|
|
|
$ 11,002.5
|
|
|
$ 42.7
|
|
|
$ 0.0
|
|
|
$ 11,018.0
|
$ (58.2)
|
$ 161.0
|
| Beginning balances attributable to redeemable non-controlling interests at Mar. 31, 2026 |
940.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Increase (Decrease) in Temporary Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
63.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other comprehensive (loss) income, net of tax |
(0.9)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net subscriptions into T. Rowe Price investment products |
11.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net deconsolidations of T. Rowe Price investment products |
(4.8)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ending balances attributable to redeemable non-controlling interests at Jun. 30, 2026 |
$ 1,009.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|