FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements

The following table summarizes our investments and liabilities that are recognized in our unaudited consolidated balance sheets using fair value measurements determined based on the differing levels of inputs. This table excludes investments held by the consolidated investment products, which are presented separately in our unaudited consolidated balance sheets and are detailed in Note 5.

	9/30/2025						12/31/2024
(in millions)	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
T. Rowe Price investment products
Cash equivalents held in money market funds	$	3,223.3	$	—	$	—	$	2,309.8	$	—	$	—
Discretionary investments	572.4		—		—		258.8		—		—
Seed capital	288.2		57.5		—		209.4		53.4		—
Deferred compensation liabilities economic hedges	1,060.2		—		—		992.8		—		—
Other investments	1.0		—		71.5		0.1		—		—
Investments in affiliated collateralized loan obligations	—		3.8		—		—		6.3		—
Total	$	5,145.1	$	61.3	$	71.5	$	3,770.9	$	59.7	$	—

Schedule of Fair Values of Investments

The following table provides information about the significant Level 3 inputs:

	Fair value measurements as of September 30, 2025
(in millions)	Fair value		Valuation techniques	Unobservable inputs	Interest rate input
Other investments	$	71.5	Market Yield (Comparables)	Yield	8.99%

The following table summarizes the investment holdings held by our consolidated investment products using fair value measurements determined based on the differing levels of inputs.

	9/30/2025				12/31/2024
(in millions)	Level 1		Level 2		Level 1		Level 2
Assets
Cash equivalents	$	1.7	$	—	$	6.3	$	—
Equity securities	493.7		378.5		452.3		285.4
Fixed income securities	—		813.5		—		1,173.5
Other investments	0.7		19.0		1.6		23.4
	$	496.1	$	1,211.0	$	460.2	$	1,482.3
Liabilities	$	(0.2)	$	(6.0)	$	(1.7)	$	(14.5)