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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Net revenues $ 7,314.8 $ 7,093.6 $ 6,460.5
Operating expenses      
Compensation and related costs 2,868.1 2,757.9 2,673.5
Distribution and servicing costs 383.5 354.1 289.9
Advertising and promotion costs 107.4 129.6 114.2
Product and recordkeeping related costs 312.9 297.5 291.0
Technology, occupancy, and facility costs 723.6 644.1 632.6
General, administrative, and other costs 441.9 433.8 421.3
Change in fair value of contingent consideration 0.0 (13.4) (82.4)
Acquisition-related amortization and impairment costs 111.3 156.7 134.2
Restructuring charge 177.3 0.0 0.0
Total operating expenses 5,126.0 4,760.3 4,474.3
Net operating income 2,188.8 2,333.3 1,986.2
Non-operating income      
Net gains on investments 464.9 363.2 355.2
Net gains on consolidated investment products 219.9 130.3 164.6
Other gains (losses), including foreign currency gains (losses) 1.9 (7.2) (15.7)
Total non-operating income 686.7 486.3 504.1
Income before income taxes 2,875.5 2,819.6 2,490.3
Provision for income taxes 667.2 683.8 654.6
Net income 2,208.3 2,135.8 1,835.7
Less: net income attributable to redeemable non-controlling interests 121.2 35.7 47.0
Net income attributable to T. Rowe Price Group $ 2,087.1 $ 2,100.1 $ 1,788.7
Earnings per share on common stock of T. Rowe Price Group      
Basic (in dollars per share) $ 9.26 $ 9.18 $ 7.78
Diluted (in dollars per share) $ 9.24 $ 9.15 $ 7.76
Investment advisory fees      
Revenues      
Net revenues $ 6,602.3 $ 6,399.7 $ 5,709.5
Performance-based advisory fees      
Revenues      
Net revenues 37.4 59.3 38.2
Capital allocation-based income      
Revenues      
Net revenues 81.2 46.6 161.9
Administrative, distribution, services, and other fees      
Revenues      
Net revenues $ 593.9 $ 588.0 $ 550.9