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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Restricted stock units
Total stockholders’ equity attributable to T. Rowe Price Group, Inc.
Total stockholders’ equity attributable to T. Rowe Price Group, Inc.
Restricted stock units
Common stock
Common stock
Restricted stock units
Common stock
Restricted shares
Additional capital in excess of par value
Additional capital in excess of par value
Restricted stock units
Retained earnings
AOCI
Non-controlling interests in consolidated entities
Beginning balance (in shares) at Dec. 31, 2021         229,175,000              
Balances at beginning of period at Dec. 31, 2021 $ 9,271.4   $ 9,022.7   $ 45.8     $ 919.8   $ 8,083.6 $ (26.5) [1] $ 248.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) 1,258.6   1,291.9             1,291.9   (33.3)
Other comprehensive income (loss), net of tax (30.0)   (30.0)               (30.0) [1]  
Dividends declared (832.7)   (832.7)             (832.7)    
Shares issued upon option exercises (in shares)         372,000              
Shares issued upon option exercises 17.8   17.8   $ 0.1     17.7        
Net shares issued upon vesting of restricted stock units (in shares)           72,000            
Net shares issued upon vesting of restricted stock units   $ (3.9)   $ (3.9)         $ (3.9)      
Stock-based compensation expense 185.7   185.7         185.7        
Restricted stock units issued as dividend equivalents (in shares)         9,000              
Restricted stock units issued as dividend equivalents 0.0             0.2   (0.2)    
Common shares repurchased (in shares)         (5,708,000)              
Common shares repurchased (744.0)   (744.0)   $ (1.1)     (620.2)   (122.7)    
Net distributions to non-controlling interests in consolidated entities (8.4)                     (8.4)
Ending balance (in shares) at Sep. 30, 2022         223,920,000              
Balances at end of period at Sep. 30, 2022 9,114.5   8,907.5   $ 44.8     499.3   8,419.9 (56.5) [2] 207.0
Beginning balances attributable to redeemable non-controlling interests at Dec. 31, 2021 982.3                      
Increase (Decrease) in Temporary Equity [Roll Forward]                        
Net income (loss) (131.9)                      
Other comprehensive income (loss), net of tax (44.6)                      
Net redemption from and subscriptions into T. Rowe Price investment products (49.6)                      
Net deconsolidations of T. Rowe Price investment products (175.4)                      
Ending balances attributable to redeemable non-controlling interests at Sep. 30, 2022 580.8                      
Beginning balance (in shares) at Jun. 30, 2022         225,715,000              
Balances at beginning of period at Jun. 30, 2022 9,173.0   8,964.2   $ 45.1     654.6   8,311.9 (47.4) [2] 208.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) 384.5   384.4             384.4   0.1
Other comprehensive income (loss), net of tax (9.1)   (9.1)               (9.1) [2]  
Dividends declared (276.4)   (276.4)             (276.4)    
Shares issued upon option exercises (in shares)         135,000              
Shares issued upon option exercises 6.4   6.4         6.4        
Net shares issued upon vesting of restricted stock units (in shares)           11,000            
Net shares issued upon vesting of restricted stock units   (0.3)   (0.3)         (0.3)      
Stock-based compensation expense 62.8   62.8         62.8        
Common shares repurchased (in shares)         (1,941,000)              
Common shares repurchased (224.5)   (224.5)   $ (0.3)     (224.2)        
Net distributions to non-controlling interests in consolidated entities (1.9)                     (1.9)
Ending balance (in shares) at Sep. 30, 2022         223,920,000              
Balances at end of period at Sep. 30, 2022 9,114.5   8,907.5   $ 44.8     499.3   8,419.9 (56.5) [2] 207.0
Beginning balances attributable to redeemable non-controlling interests at Jun. 30, 2022 564.6                      
Increase (Decrease) in Temporary Equity [Roll Forward]                        
Net income (loss) (26.6)                      
Other comprehensive income (loss), net of tax (19.1)                      
Net redemption from and subscriptions into T. Rowe Price investment products 19.2                      
Net consolidations of T. Rowe Price investment products 42.7                      
Ending balances attributable to redeemable non-controlling interests at Sep. 30, 2022 580.8                      
Balances at beginning of period at Dec. 31, 2022 9,030.2   8,839.5   $ 44.9     437.9   8,409.7 (53.0) [1] 190.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) 1,385.1   1,351.1             1,351.1   34.0
Other comprehensive income (loss), net of tax 6.8   6.8               6.8 [1]  
Dividends declared $ (841.1)   (841.1)             (841.1)    
Shares issued upon option exercises (in shares) 621,808       486,000              
Shares issued upon option exercises $ 28.5   28.5   $ 0.1     28.4        
Restricted shares issued, net of shares withheld for taxes (in shares)             57,000          
Net shares issued upon vesting of restricted stock units (in shares)           85,000            
Net shares issued upon vesting of restricted stock units   (3.2)   (3.2)         (3.2)      
Stock-based compensation expense 169.7   169.7         169.7        
Restricted stock units issued as dividend equivalents 0.0             0.3   (0.3)    
Common shares repurchased (in shares)         (1,398,000)              
Common shares repurchased (151.4)   (151.4)   $ (0.3)     (151.1)        
Net distributions to non-controlling interests in consolidated entities (3.2)                     (3.2)
Ending balance (in shares) at Sep. 30, 2023         223,540,000              
Balances at end of period at Sep. 30, 2023 9,621.4   9,399.9   $ 44.7     482.0   8,919.4 (46.2) [2] 221.5
Beginning balances attributable to redeemable non-controlling interests at Dec. 31, 2022 656.7                      
Increase (Decrease) in Temporary Equity [Roll Forward]                        
Net income (loss) 11.0                      
Other comprehensive income (loss), net of tax 7.7                      
Net redemption from and subscriptions into T. Rowe Price investment products 345.0                      
Net deconsolidations of T. Rowe Price investment products (460.2)                      
Ending balances attributable to redeemable non-controlling interests at Sep. 30, 2023 560.2                      
Beginning balance (in shares) at Jun. 30, 2023         224,281,000              
Balances at beginning of period at Jun. 30, 2023 9,465.9   9,263.8   $ 44.8     520.6   8,746.2 (47.8) [2] 202.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) 473.1   453.2             453.2   19.9
Other comprehensive income (loss), net of tax 1.6   1.6               1.6 [2]  
Dividends declared (279.9)   (279.9)             (279.9)    
Shares issued upon option exercises (in shares)         227,000              
Shares issued upon option exercises 13.6   13.6   $ 0.1     13.5        
Restricted shares issued, net of shares withheld for taxes (in shares)             3,000          
Net shares issued upon vesting of restricted stock units (in shares)           7,000            
Net shares issued upon vesting of restricted stock units   $ (0.4)   $ (0.4)         $ (0.4)      
Stock-based compensation expense 54.2   54.2         54.2        
Restricted stock units issued as dividend equivalents 0.0             0.1   (0.1)    
Common shares repurchased (in shares)         (978,000)              
Common shares repurchased (106.2)   (106.2)   $ (0.2)     (106.0)        
Net distributions to non-controlling interests in consolidated entities (0.5)                     (0.5)
Ending balance (in shares) at Sep. 30, 2023         223,540,000              
Balances at end of period at Sep. 30, 2023 9,621.4   $ 9,399.9   $ 44.7     $ 482.0   $ 8,919.4 $ (46.2) [2] $ 221.5
Beginning balances attributable to redeemable non-controlling interests at Jun. 30, 2023 985.2                      
Increase (Decrease) in Temporary Equity [Roll Forward]                        
Net income (loss) (14.0)                      
Other comprehensive income (loss), net of tax (3.9)                      
Net redemption from and subscriptions into T. Rowe Price investment products 59.0                      
Net deconsolidations of T. Rowe Price investment products (466.1)                      
Ending balances attributable to redeemable non-controlling interests at Sep. 30, 2023 $ 560.2                      
[1] Accumulated other comprehensive income
[2] Accumulated other comprehensive income