CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025		Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 3,378.2		$ 2,649.8
Accounts receivable and accrued revenue	931.2		877.4
Investments	3,325.2		3,000.5
Assets of consolidated investment products ($1,596.1 million at December 31, 2025 and $1,555.6 million at December 31, 2024, related to variable interest entities)	1,951.0		2,044.0
Operating lease assets	382.9		226.8
Property, equipment and software, net	845.3		977.0
Intangible assets, net	274.2		368.1
Goodwill	2,642.8		2,642.8
Other assets	611.0		685.6
Total assets	14,341.8		13,472.0
LIABILITIES
Accounts payable and accrued expenses	352.7		353.5
Liabilities of consolidated investment products ($14.2 million at December 31, 2025 and $46.2 million at December 31, 2024, related to variable interest entities)	21.3		62.1
Operating lease liabilities	447.2		278.7
Accrued compensation and related costs	235.7		219.8
Deferred compensation liabilities	1,176.8		1,020.7
Income taxes payable	54.9		87.1
Total liabilities	2,288.6		2,021.9
Commitments and contingent liabilities
Redeemable non-controlling interests	1,036.0		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 218,565,000 shares at December 31, 2025 and 222,966,000 at December 31, 2024	43.8		44.6
Additional capital in excess of par value	0.0		311.9
Retained earnings	10,866.8		10,040.6
Accumulated other comprehensive loss	(50.5)	[1]	(51.7)
Total stockholders' equity attributable to T. Rowe Price Group	10,860.1		10,345.4
Non-controlling interests in consolidated entities	157.1		160.7
Total permanent stockholders' equity	11,017.2		10,506.1
Total liabilities, redeemable non-controlling interests, and permanent stockholders' equity	$ 14,341.8		$ 13,472.0

[1] Accumulated other comprehensive income