2023 Q2 Form 10-Q Financial Statement
#000111316923000014 Filed on May 02, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
Revenue | $1.610B | $1.538B |
YoY Change | 6.42% | -17.47% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $980.0M | $990.7M |
YoY Change | 25.83% | 8.95% |
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $59.10M | $58.80M |
YoY Change | -45.02% | 7.89% |
% of Gross Profit | ||
Operating Expenses | $1.063B | $1.053B |
YoY Change | 25.9% | 6.88% |
Operating Profit | $533.5M | $484.2M |
YoY Change | -20.21% | -44.81% |
Interest Expense | $113.5M | $139.3M |
YoY Change | -140.58% | -172.21% |
% of Operating Profit | 21.27% | 28.77% |
Other Income/Expense, Net | -$7.300M | $135.4M |
YoY Change | -97.39% | -168.21% |
Pretax Income | $639.7M | $619.6M |
YoY Change | 64.57% | -8.73% |
Income Tax | $158.5M | $177.9M |
% Of Pretax Income | 24.78% | 28.71% |
Net Earnings | $464.8M | $421.5M |
YoY Change | 36.87% | -25.78% |
Net Earnings / Revenue | 28.87% | 27.41% |
Basic Earnings Per Share | $2.07 | $1.83 |
Diluted Earnings Per Share | $2.06 | $1.83 |
COMMON SHARES | ||
Basic Shares Outstanding | 224.6M shares | 224.4M shares |
Diluted Shares Outstanding | 225.2M shares | 225.2M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.250B | $2.094B |
YoY Change | 6.32% | 4.84% |
Cash & Equivalents | $2.250B | $2.094B |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $761.4M | $730.4M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $3.011B | $2.825B |
YoY Change | 4.22% | -3.17% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.033B | $762.2M |
YoY Change | 38.2% | 3.52% |
Goodwill | $2.643B | $2.643B |
YoY Change | -0.36% | -0.04% |
Intangibles | $577.4M | $603.8M |
YoY Change | -32.79% | -31.87% |
Long-Term Investments | $4.665B | $4.427B |
YoY Change | 20.5% | -2.43% |
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $9.610B | $9.332B |
YoY Change | 8.23% | -1.05% |
TOTAL ASSETS | ||
Total Short-Term Assets | $3.011B | $2.825B |
Total Long-Term Assets | $9.610B | $9.332B |
Total Assets | $12.62B | $12.16B |
YoY Change | 7.25% | -1.55% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $281.3M | $359.9M |
YoY Change | -22.08% | -13.76% |
Accrued Expenses | $834.6M | $630.0M |
YoY Change | 19.33% | 24.65% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $100.0M | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $1.258B | $1.140B |
YoY Change | 14.94% | 0.19% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $912.0M | $943.2M |
YoY Change | -2.61% | -13.76% |
Total Long-Term Liabilities | $912.0M | $943.2M |
YoY Change | -2.61% | -13.76% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.258B | $1.140B |
Total Long-Term Liabilities | $912.0M | $943.2M |
Total Liabilities | $3.358B | $2.083B |
YoY Change | 65.31% | -6.65% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | $565.4M | $546.7M |
YoY Change | -19.19% | -23.4% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $9.264B | $9.045B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $12.62B | $12.16B |
YoY Change | 7.25% | -1.55% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $464.8M | $421.5M |
YoY Change | 36.87% | -25.78% |
Depreciation, Depletion And Amortization | $59.10M | $58.80M |
YoY Change | -45.02% | 7.89% |
Cash From Operating Activities | $394.8M | $511.7M |
YoY Change | -36.69% | -53.63% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $71.70M | $60.70M |
YoY Change | -205.6% | 10.56% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$6.700M | $600.0K |
YoY Change | -117.45% | -110.53% |
Cash From Investing Activities | -$78.40M | -$57.50M |
YoY Change | 165.76% | -1613.16% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $282.2M | |
YoY Change | 1.07% | |
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -175.8M | -$144.2M |
YoY Change | -63.89% | -77.61% |
NET CHANGE | ||
Cash From Operating Activities | 394.8M | $511.7M |
Cash From Investing Activities | -78.40M | -$57.50M |
Cash From Financing Activities | -175.8M | -$144.2M |
Net Change In Cash | 140.6M | $311.5M |
YoY Change | 31.16% | -32.34% |
FREE CASH FLOW | ||
Cash From Operating Activities | $394.8M | $511.7M |
Capital Expenditures | $71.70M | $60.70M |
Free Cash Flow | $323.1M | $451.0M |
YoY Change | -53.28% | -56.99% |
Facts In Submission
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--12-31 | |
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Q1 | |
CY2023Q1 | dei |
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2023 | |
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|
PRICE T ROWE GROUP INC | |
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2023-03-31 | |
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000-32191 | |
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MD | |
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100 East Pratt Street | |
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Baltimore | |
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Common Stock, $.20 par value per share | |
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|
2.43 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.83 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.41 | |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
441700000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
514400000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
8000000.0 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-16600000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
600000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-1800000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
7400000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-14800000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
449100000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
499600000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
26300000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-63300000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
422800000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
562900000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
441700000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
514400000 | usd |
CY2023Q1 | trow |
Depreciation Amortization And Impairment Of Property Equipment And Software
DepreciationAmortizationAndImpairmentOfPropertyEquipmentAndSoftware
|
58800000 | usd |
CY2022Q1 | trow |
Depreciation Amortization And Impairment Of Property Equipment And Software
DepreciationAmortizationAndImpairmentOfPropertyEquipmentAndSoftware
|
54500000 | usd |
CY2023Q1 | trow |
Amortization Of Acquisition Related Assets And Retention Arrangements
AmortizationOfAcquisitionRelatedAssetsAndRetentionArrangements
|
48200000 | usd |
CY2022Q1 | trow |
Amortization Of Acquisition Related Assets And Retention Arrangements
AmortizationOfAcquisitionRelatedAssetsAndRetentionArrangements
|
53900000 | usd |
CY2023Q1 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-49600000 | usd |
CY2022Q1 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-45500000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
58800000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
63600000 | usd |
CY2023Q1 | trow |
Net Gains Losses Recognized On Investments
NetGainsLossesRecognizedOnInvestments
|
102300000 | usd |
CY2022Q1 | trow |
Net Gains Losses Recognized On Investments
NetGainsLossesRecognizedOnInvestments
|
-38300000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
|
18400000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
|
6100000 | usd |
CY2023Q1 | trow |
Increase Decrease In Trading Securities Consolidated Sponsored Investment Portfolios
IncreaseDecreaseInTradingSecuritiesConsolidatedSponsoredInvestmentPortfolios
|
200700000 | usd |
CY2022Q1 | trow |
Increase Decrease In Trading Securities Consolidated Sponsored Investment Portfolios
IncreaseDecreaseInTradingSecuritiesConsolidatedSponsoredInvestmentPortfolios
|
-180100000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-238400000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-238000000.0 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
511700000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1103400000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
8400000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
6000000.0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
14700000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
64900000 | usd |
CY2023Q1 | trow |
Net Cash Flow For Consolidation Deconsolidation Of Sponsored Investment Portfolios
NetCashFlowForConsolidationDeconsolidationOfSponsoredInvestmentPortfolios
|
-2500000 | usd |
CY2022Q1 | trow |
Net Cash Flow For Consolidation Deconsolidation Of Sponsored Investment Portfolios
NetCashFlowForConsolidationDeconsolidationOfSponsoredInvestmentPortfolios
|
-5900000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
60700000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
54900000 | usd |
CY2023Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
600000 | usd |
CY2022Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-5700000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-57500000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
3800000 | usd |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
8200000 | usd |
CY2022Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
320100000 | usd |
CY2023Q1 | trow |
Proceeds From Stock Options Exercised Net Of Payments For Repurchase Of Common Stock For Employee Tax Withholding Obligations And Strike Price
ProceedsFromStockOptionsExercisedNetOfPaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligationsAndStrikePrice
|
8000000.0 | usd |
CY2022Q1 | trow |
Proceeds From Stock Options Exercised Net Of Payments For Repurchase Of Common Stock For Employee Tax Withholding Obligations And Strike Price
ProceedsFromStockOptionsExercisedNetOfPaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligationsAndStrikePrice
|
5100000 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
282200000 | usd |
CY2022Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
279200000 | usd |
CY2023Q1 | trow |
Net Contributions From Distributions To Non Controlling Interests In Consolidated Entities
NetContributionsFromDistributionsToNonControllingInterestsInConsolidatedEntities
|
200000 | usd |
CY2022Q1 | trow |
Net Contributions From Distributions To Non Controlling Interests In Consolidated Entities
NetContributionsFromDistributionsToNonControllingInterestsInConsolidatedEntities
|
6000000.0 | usd |
CY2023Q1 | trow |
Net Subscriptions Redemptions Received From Redeemable Non Controlling Interest Holders
NetSubscriptionsRedemptionsReceivedFromRedeemableNonControllingInterestHolders
|
138000000.0 | usd |
CY2022Q1 | trow |
Net Subscriptions Redemptions Received From Redeemable Non Controlling Interest Holders
NetSubscriptionsRedemptionsReceivedFromRedeemableNonControllingInterestHolders
|
-55900000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-144200000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-644100000 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1500000 | usd |
CY2022Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-2700000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
311500000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
460400000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1874700000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1624200000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2186200000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2084600000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9030200000 | usd |
CY2022Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
656700000 | usd |
CY2023Q1 | trow |
Net Income Loss Including Non Controlling Interest Compensation Expense Attributable To Parent
NetIncomeLossIncludingNonControllingInterestCompensationExpenseAttributableToParent
|
425000000.0 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
20200000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
1300000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
6100000 | usd |
CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.22 | |
CY2023Q1 | us-gaap |
Dividends Cash
DividendsCash
|
280700000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
10200000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
58800000 | usd |
CY2023Q1 | us-gaap |
Dividends Sharebased Compensation Paid In Kind
DividendsSharebasedCompensationPaidInKind
|
0 | usd |
CY2023Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
2700000 | usd |
CY2023Q1 | us-gaap |
Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
|
200000 | usd |
CY2023Q1 | trow |
Subscription From Redemption Distribution To Noncontrolling Interest
SubscriptionFromRedemptionDistributionToNoncontrollingInterest
|
151100000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9239800000 | usd |
CY2023Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
834100000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9271400000 | usd |
CY2021Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
982300000 | usd |
CY2022Q1 | trow |
Net Income Loss Including Non Controlling Interest Compensation Expense Attributable To Parent
NetIncomeLossIncludingNonControllingInterestCompensationExpenseAttributableToParent
|
585400000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-53500000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-5000000.0 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
-9900000 | usd |
CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.20 | |
CY2022Q1 | us-gaap |
Dividends Cash
DividendsCash
|
279200000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
7800000 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
63500000 | usd |
CY2022Q1 | us-gaap |
Dividends Sharebased Compensation Paid In Kind
DividendsSharebasedCompensationPaidInKind
|
0 | usd |
CY2022Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
320100000 | usd |
CY2022Q1 | us-gaap |
Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
|
6000000.0 | usd |
CY2022Q1 | trow |
Subscription From Redemption Distribution To Noncontrolling Interest
SubscriptionFromRedemptionDistributionToNoncontrollingInterest
|
-65600000 | usd |
CY2022Q1 | trow |
Temporary Equity Increase Due To Consolidation
TemporaryEquityIncreaseDueToConsolidation
|
-62900000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9326600000 | usd |
CY2022Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
790400000 | usd |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
These principles require the use of estimates and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of our results for the interim periods presented. All such adjustments are of a normal recurring nature. Actual results may vary from our estimates. | |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1537600000 | usd |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1863000000 | usd |
CY2023Q1 | us-gaap |
Investments
Investments
|
2606200000 | usd |
CY2022Q4 | us-gaap |
Investments
Investments
|
2539200000 | usd |
CY2023Q1 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
46700000 | usd |
CY2022Q1 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-99900000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
70.28 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1966493 | shares |
CY2023Q1 | us-gaap |
Goodwill
Goodwill
|
2642800000 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
2642800000 | usd |
CY2023Q1 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
3246600000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
3272600000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
|
26000000 | usd |
CY2022Q1 | us-gaap |
Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
|
27100000 | usd |
CY2023Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2218506 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
74.31 | |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
252013 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
74.83 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1966493 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
74.83 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
142.37 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
114.04 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
110.37 | |
CY2023Q1 | trow |
Sharebased Compensation Arrangement By Sharebased Payment Award Nonvested Dividend Equivalents Granted To Non Employee Directors Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardNonvestedDividendEquivalentsGrantedToNonEmployeeDirectorsWeightedAverageGrantDateFairValue
|
101.60 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
141.24 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
142.75 | |
CY2023Q1 | trow |
Employee Service Share Based Compensation Nonvested Awards Compensation Cost To Be Recognized Quarter Two Of Current Fiscal Year
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedQuarterTwoOfCurrentFiscalYear
|
59000000.0 | usd |
CY2023Q1 | trow |
Employee Service Share Based Compensation Nonvested Awards Compensation Cost To Be Recognized Quarter Three Of Current Fiscal Year
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedQuarterThreeOfCurrentFiscalYear
|
57800000 | usd |
CY2023Q1 | trow |
Employee Service Sharebased Compensation Nonvested Awards Compensation Cost To Be Recognized Quarter Four Of Fiscal Year
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostToBeRecognizedQuarterFourOfFiscalYear
|
50600000 | usd |
CY2023Q1 | trow |
Employee Service Sharebased Compensation Nonvested Awards Compensation Cost To Be Recognized Next Fiscal Year
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostToBeRecognizedNextFiscalYear
|
121500000 | usd |
CY2023Q1 | trow |
Employee Service Share Based Compensation Nonvested Awards Compensation Cost To Be Recognized From Second Fiscal Year To Vesting
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedFromSecondFiscalYearToVesting
|
96100000 | usd |
CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
385000000.0 | usd |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
421500000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
567900000 | usd |
CY2023Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
|
10500000 | usd |
CY2023Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
10500000 | usd |
CY2022Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
|
13000000.0 | usd |
CY2022Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
13000000.0 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
411000000.0 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
411000000.0 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
554900000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
554900000 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224400000 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
228200000 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
225200000 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
229800000 | shares |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
6100000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
-9900000 | usd |