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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 2,836.7 $ 2,649.8
Accounts receivable and accrued revenue 934.6 877.4
Investments 3,240.3 3,000.5
Assets of consolidated investment products ($1,700.6 million at March 31, 2025 and $1,555.6 million at December 31, 2024, related to variable interest entities) 1,794.4 2,044.0
Operating lease assets 421.3 226.8
Property, equipment and software, net 995.5 977.0
Intangible assets, net 343.7 368.1
Goodwill 2,642.8 2,642.8
Other assets 784.4 685.6
Total assets 13,993.7 13,472.0
LIABILITIES    
Accounts payable and accrued expenses 347.1 353.5
Liabilities of consolidated investment products ($40.8 million at March 31, 2025 and $46.2 million at December 31, 2024, related to variable interest entities) 42.0 62.1
Operating lease liabilities 472.1 278.7
Accrued compensation and related costs 328.2 219.8
Deferred compensation liabilities 976.9 1,020.7
Income taxes payable 295.1 87.1
Total liabilities 2,461.4 2,021.9
Commitments and contingent liabilities
Redeemable non-controlling interests 977.2 944.0
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 221,061,000 shares at March 31, 2025 and 222,966,000 at December 31, 2024 44.2 44.6
Additional capital in excess of par value 160.2 311.9
Retained earnings 10,242.2 10,040.6
Accumulated other comprehensive loss (51.9) (51.7)
Total stockholders’ equity attributable to T. Rowe Price Group, Inc. 10,394.7 10,345.4
Non-controlling interests in consolidated entities 160.4 160.7
Total permanent stockholders’ equity 10,555.1 10,506.1
Total liabilities, redeemable non-controlling interests, and permanent stockholders’ equity $ 13,993.7 $ 13,472.0