UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 3,634.8	$ 2,649.8
Accounts receivable and accrued revenue	899.4	877.4
Investments	3,417.4	3,000.5
Assets of consolidated investment products ($1,599.8 million at September 30, 2025 and $1,555.6 million at December 31, 2024, related to variable interest entities)	1,777.7	2,044.0
Operating lease assets	392.2	226.8
Property, equipment and software, net	980.9	977.0
Intangible assets, net	294.6	368.1
Goodwill	2,642.8	2,642.8
Other assets	690.6	685.6
Total assets	14,730.4	13,472.0
LIABILITIES
Accounts payable and accrued expenses	349.5	353.5
Liabilities of consolidated investment products ($21.7 million at September 30, 2025 and $46.2 million at December 31, 2024, related to variable interest entities)	22.7	62.1
Operating lease liabilities	455.1	278.7
Accrued compensation and related costs	793.8	219.8
Deferred compensation liabilities	1,093.2	1,020.7
Income taxes payable	46.7	87.1
Total liabilities	2,761.0	2,021.9
Commitments and contingent liabilities
Redeemable non-controlling interests	984.9	944.0
STOCKHOLDERS’ EQUITY
Preferred stock, undesignated, $0.20 par value – authorized and unissued 20,000,000 shares	0.0	0.0
Common stock, $0.20 par value—authorized 750,000,000; issued 218,684,000 shares at September 30, 2025 and 222,966,000 at December 31, 2024	43.7	44.6
Additional capital in excess of par value	0.0	311.9
Retained earnings	10,817.3	10,040.6
Accumulated other comprehensive loss	(46.5)	(51.7)
Total stockholders’ equity attributable to T. Rowe Price Group, Inc.	10,814.5	10,345.4
Non-controlling interests in consolidated entities	170.0	160.7
Total permanent stockholders’ equity	10,984.5	10,506.1
Total liabilities, redeemable non-controlling interests, and permanent stockholders’ equity	$ 14,730.4	$ 13,472.0