XML 176 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Net revenues $ 7,093.6 $ 6,460.5 $ 6,488.4
Operating expenses      
Compensation and related costs 2,757.9 2,673.5 2,320.8
Distribution and servicing 354.1 289.9 301.5
Advertising and promotion 129.6 114.2 97.3
Product and recordkeeping related costs 297.5 291.0 300.1
Technology, occupancy, and facility costs 644.1 632.6 560.5
General, administrative, and other 433.8 421.3 412.2
Change in fair value of contingent consideration (13.4) (82.4) (161.2)
Acquisition-related amortization and impairment costs 156.7 134.2 283.5
Total operating expenses 4,760.3 4,474.3 4,114.7
Net operating income 2,333.3 1,986.2 2,373.7
Non-operating income (loss)      
Net gains (losses) on investments 363.2 355.2 (204.7)
Net gains (losses) on consolidated investment products 130.3 164.6 (203.5)
Other losses, including foreign currency losses (7.2) (15.7) (17.3)
Total non-operating income (loss) 486.3 504.1 (425.5)
Income before income taxes 2,819.6 2,490.3 1,948.2
Provision for income taxes 683.8 654.6 498.6
Net income 2,135.8 1,835.7 1,449.6
Less: net income (loss) attributable to redeemable non-controlling interests 35.7 47.0 (108.3)
Net income attributable to T. Rowe Price Group, Inc. $ 2,100.1 $ 1,788.7 $ 1,557.9
Earnings per share on common stock of T. Rowe Price Group, Inc.      
Basic (in dollars per share) $ 9.18 $ 7.78 $ 6.73
Diluted (in dollars per share) $ 9.15 $ 7.76 $ 6.70
Investment advisory fees      
Revenues      
Net revenues $ 6,399.7 $ 5,709.5 $ 5,962.7
Performance-based advisory fees      
Revenues      
Net revenues 59.3 38.2 6.4
Capital allocation-based income      
Revenues      
Net revenues 46.6 161.9 (54.3)
Administrative, distribution, and servicing fees      
Revenues      
Net revenues $ 588.0 $ 550.9 $ 573.6