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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Net revenues $ 1,893.5 $ 1,785.6 $ 5,380.7 $ 5,269.1
Operating expenses        
Compensation and related costs 714.3 678.3 2,106.5 2,048.4
Distribution and servicing 95.8 91.6 281.9 261.2
Advertising and promotion 21.3 20.8 77.3 79.4
Product and recordkeeping related costs 78.7 75.0 237.3 223.0
Technology, occupancy, and facility costs 183.2 164.0 530.2 474.8
General, administrative, and other 101.7 104.2 314.5 305.5
Change in fair value of contingent consideration 0.0 (13.4) 0.0 (13.4)
Acquisition-related amortization and impairment costs 26.8 51.5 86.7 125.3
Restructuring charge 28.5 0.0 28.5 0.0
Total operating expenses 1,250.3 1,172.0 3,662.9 3,504.2
Net operating income 643.2 613.6 1,717.8 1,764.9
Non-operating income (loss)        
Net gains (losses) on investments 161.2 119.0 359.0 318.5
Net gains (losses) on consolidated investment products 72.6 85.9 183.1 166.7
Other gains (losses), including foreign currency gains (losses) 4.6 7.6 2.5 (3.5)
Total non-operating income (loss) 238.4 212.5 544.6 481.7
Income before income taxes 881.6 826.1 2,262.4 2,246.6
Provision for income taxes 195.1 185.7 514.7 527.5
Net income 686.5 640.4 1,747.7 1,719.1
Less: net income (loss) attributable to redeemable non-controlling interests 40.4 37.4 105.9 58.9
Net income attributable to T. Rowe Price Group, Inc. $ 646.1 $ 603.0 $ 1,641.8 $ 1,660.2
Earnings per share on common stock of T. Rowe Price Group, Inc.        
Basic (in dollars per share) $ 2.88 $ 2.64 $ 7.26 $ 7.25
Diluted (in dollars per share) $ 2.87 $ 2.64 $ 7.25 $ 7.23
Investment advisory fees        
Revenues        
Net revenues $ 1,698.7 $ 1,627.3 $ 4,864.7 $ 4,732.5
Performance-based advisory fees        
Revenues        
Net revenues 6.4 5.6 23.2 40.0
Capital allocation-based income        
Revenues        
Net revenues 42.0 4.6 40.4 51.8
Administrative, distribution, services, and other fees        
Revenues        
Net revenues $ 146.4 $ 148.1 $ 452.4 $ 444.8