$TROW
PRICE T ROWE GROUP INC

2024 Q4 Form 10-Q Financial Statement

#000111316924000030 Filed on November 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $1.786B
YoY Change 6.88%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.055B
YoY Change 9.42%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.10M
YoY Change -2.51%
% of Gross Profit
Operating Expenses $1.172B
YoY Change 7.58%
Operating Profit $613.6M
YoY Change 5.56%
Interest Expense $205.5M
YoY Change 3569.64%
% of Operating Profit 33.49%
Other Income/Expense, Net $212.5M
YoY Change 7489.29%
Pretax Income $826.1M
YoY Change 41.43%
Income Tax $185.7M
% Of Pretax Income 22.48%
Net Earnings $603.0M
YoY Change 33.05%
Net Earnings / Revenue 33.77%
Basic Earnings Per Share $2.64
Diluted Earnings Per Share $2.64
COMMON SHARES
Basic Shares Outstanding 222.2M shares 222.6M shares
Diluted Shares Outstanding 222.8M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.174B
YoY Change 23.05%
Cash & Equivalents $2.650B $3.174B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $890.0M
Other Receivables $0.00
Total Short-Term Assets $4.064B
YoY Change 21.99%
LONG-TERM ASSETS
Property, Plant & Equipment $977.0M $930.1M
YoY Change -6.75% 16.39%
Goodwill $2.643B $2.643B
YoY Change 0.0% 0.0%
Intangibles $368.1M $395.2M
YoY Change -27.44% -27.14%
Long-Term Investments $4.823B
YoY Change 12.64%
Other Assets
YoY Change
Total Long-Term Assets $9.642B
YoY Change 4.52%
TOTAL ASSETS
Total Short-Term Assets $4.064B
Total Long-Term Assets $9.642B
Total Assets $13.47B $13.71B
YoY Change 9.72% 9.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $283.3M
YoY Change -5.25%
Accrued Expenses $1.090B
YoY Change 4.41%
Deferred Revenue
YoY Change
Short-Term Debt $75.80M
YoY Change -21.04%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.462B
YoY Change -1.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $1.027B
YoY Change 15.05%
Total Long-Term Liabilities $1.027B
YoY Change 15.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.462B
Total Long-Term Liabilities $1.027B
Total Liabilities $2.022B $2.490B
YoY Change -27.1% 4.82%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $356.5M $403.5M
YoY Change -25.18% -23.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.35B $10.25B
YoY Change
Total Liabilities & Shareholders Equity $13.47B $13.71B
YoY Change 9.72% 9.15%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $603.0M
YoY Change 33.05%
Depreciation, Depletion And Amortization $62.10M
YoY Change -2.51%
Cash From Operating Activities $652.5M
YoY Change 38.83%
INVESTING ACTIVITIES
Capital Expenditures $104.6M
YoY Change 11.75%
Acquisitions
YoY Change
Other Investing Activities $43.00M
YoY Change -83.93%
Cash From Investing Activities -$61.60M
YoY Change -135.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -152.7M
YoY Change -48.62%
NET CHANGE
Cash From Operating Activities 652.5M
Cash From Investing Activities -61.60M
Cash From Financing Activities -152.7M
Net Change In Cash 438.2M
YoY Change 26.36%
FREE CASH FLOW
Cash From Operating Activities $652.5M
Capital Expenditures $104.6M
Free Cash Flow $547.9M
YoY Change 45.56%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Entity Registrant Name
EntityRegistrantName
PRICE T ROWE GROUP INC
dei Entity Central Index Key
EntityCentralIndexKey
0001113169
dei Amendment Flag
AmendmentFlag
false
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Transition Report
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false
dei Entity File Number
EntityFileNumber
000-32191
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
52-2264646
dei Entity Address Address Line1
EntityAddressAddressLine1
100 East Pratt Street
dei Entity Address City Or Town
EntityAddressCityOrTown
Baltimore
dei Entity Address State Or Province
EntityAddressStateOrProvince
MD
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
21202
dei City Area Code
CityAreaCode
410
dei Local Phone Number
LocalPhoneNumber
345-2000
dei Security12b Title
Security12bTitle
Common Stock, $0.20 par value per share
dei Trading Symbol
TradingSymbol
TROW
dei Security Exchange Name
SecurityExchangeName
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dei Entity Current Reporting Status
EntityCurrentReportingStatus
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dei Entity Interactive Data Current
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dei Entity Filer Category
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54200000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
288400000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
801600000 usd
CY2023Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
895000000.0 usd
CY2024Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
0 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
13400000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-47500000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
10249300000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
9505100000 usd
CY2024Q3 us-gaap Minority Interest
MinorityInterest
203400000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
192000000.0 usd
CY2024Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-13400000 usd
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
222159470 shares
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3173500000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2066600000 usd
CY2024Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
890000000.0 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
807900000 usd
CY2024Q3 us-gaap Investments
Investments
2966000000 usd
CY2023Q4 us-gaap Investments
Investments
2554700000 usd
CY2023Q4 trow Assets Of Voting Interest Entities And Variable Interest Entities
AssetsOfVotingInterestEntitiesAndVariableInterestEntities
1959300000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
228500000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
241100000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
930100000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
806600000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
395200000 usd
CY2024Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
763400000 usd
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.20
CY2023Q3 trow Investment Income Nonoperating Other Than Consolidated Sponsored Investment Portfolios
InvestmentIncomeNonoperatingOtherThanConsolidatedSponsoredInvestmentPortfolios
30700000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
17600000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-3100000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
14300000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
15400000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
17600000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-3100000 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
14300000 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
15400000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
500000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-800000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
100000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
900000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
17100000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
14200000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
14500000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
657500000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
436900000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1733300000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1376600000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
44800000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-17900000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
65100000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
18700000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
612700000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
454800000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1668200000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1357900000 usd
us-gaap Profit Loss
ProfitLoss
1719100000 usd
us-gaap Profit Loss
ProfitLoss
1362100000 usd
trow Depreciation Amortization And Impairment Of Property Equipment And Software
DepreciationAmortizationAndImpairmentOfPropertyEquipmentAndSoftware
188400000 usd
trow Depreciation Amortization And Impairment Of Property Equipment And Software
DepreciationAmortizationAndImpairmentOfPropertyEquipmentAndSoftware
181600000 usd
trow Amortization Of Acquisition Related Assets And Retention Arrangements
AmortizationOfAcquisitionRelatedAssetsAndRetentionArrangements
196500000 usd
trow Amortization Of Acquisition Related Assets And Retention Arrangements
AmortizationOfAcquisitionRelatedAssetsAndRetentionArrangements
165600000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-13400000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-72800000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
162200000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
169700000 usd
trow Net Gains Losses Recognized On Investments
NetGainsLossesRecognizedOnInvestments
332100000 usd
trow Net Gains Losses Recognized On Investments
NetGainsLossesRecognizedOnInvestments
300400000 usd
us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
29800000 usd
us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
101300000 usd
trow Increase Decrease In Trading Securities Consolidated Sponsored Investment Portfolios
IncreaseDecreaseInTradingSecuritiesConsolidatedSponsoredInvestmentPortfolios
517900000 usd
trow Increase Decrease In Trading Securities Consolidated Sponsored Investment Portfolios
IncreaseDecreaseInTradingSecuritiesConsolidatedSponsoredInvestmentPortfolios
779900000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-549300000 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
303100000 usd
trow Net Cash Flow For Consolidation Deconsolidation Of Sponsored Investment Portfolios
NetCashFlowForConsolidationDeconsolidationOfSponsoredInvestmentPortfolios
-15700000 usd
trow Net Cash Flow For Consolidation Deconsolidation Of Sponsored Investment Portfolios
NetCashFlowForConsolidationDeconsolidationOfSponsoredInvestmentPortfolios
-35600000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
310400000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
226000000.0 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
42600000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
35200000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-155000000.0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
38100000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
269100000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
141200000 usd
trow Proceeds From Stock Options Exercised Net Of Payments For Repurchase Of Common Stock For Employee Tax Withholding Obligations And Strike Price
ProceedsFromStockOptionsExercisedNetOfPaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligationsAndStrikePrice
25500000 usd
trow Net Subscriptions Redemptions Received From Redeemable Non Controlling Interest Holders
NetSubscriptionsRedemptionsReceivedFromRedeemableNonControllingInterestHolders
361200000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-728200000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-617200000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
500000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1800000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1084800000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
795600000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3228600000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2670300000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10134000000 usd
CY2024Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
689000000.0 usd
CY2024Q3 trow Net Income Loss Excluding Noncontrolling Interest In Consolidated Entities
NetIncomeLossExcludingNoncontrollingInterestInConsolidatedEntities
601000000.0 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
37400000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9700000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
7400000 usd
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.24
CY2024Q3 us-gaap Dividends Cash
DividendsCash
282200000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
12100000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
49500000 usd
CY2024Q3 us-gaap Dividends Sharebased Compensation Paid In Kind
DividendsSharebasedCompensationPaidInKind
0 usd
CY2024Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
71300000 usd
CY2024Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
100000 usd
CY2024Q3 trow Subscription From Redemption Distribution To Noncontrolling Interest
SubscriptionFromRedemptionDistributionToNoncontrollingInterest
190200000 usd
CY2024Q3 trow Temporary Equity Decrease Due To Deconsolidation
TemporaryEquityDecreaseDueToDeconsolidation
160600000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10452700000 usd
CY2024Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
763400000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9465900000 usd
CY2023Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
985200000 usd
CY2023Q3 trow Net Income Loss Excluding Noncontrolling Interest In Consolidated Entities
NetIncomeLossExcludingNoncontrollingInterestInConsolidatedEntities
473100000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-14000000.0 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1600000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-3900000 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.22
CY2023Q3 us-gaap Dividends Cash
DividendsCash
279900000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
13600000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
54200000 usd
CY2023Q3 us-gaap Dividends Sharebased Compensation Paid In Kind
DividendsSharebasedCompensationPaidInKind
0 usd
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
500000 usd
CY2023Q3 trow Subscription From Redemption Distribution To Noncontrolling Interest
SubscriptionFromRedemptionDistributionToNoncontrollingInterest
59000000.0 usd
CY2023Q3 trow Temporary Equity Decrease Due To Deconsolidation
TemporaryEquityDecreaseDueToDeconsolidation
466100000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9621400000 usd
CY2023Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
560200000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9697100000 usd
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
594100000 usd
trow Net Income Loss Excluding Noncontrolling Interest In Consolidated Entities
NetIncomeLossExcludingNoncontrollingInterestInConsolidatedEntities
1669000000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
58900000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
8000000.0 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
6200000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.72
us-gaap Dividends Cash
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850700000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
162200000 usd
us-gaap Dividends Sharebased Compensation Paid In Kind
DividendsSharebasedCompensationPaidInKind
0 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
263700000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
2600000 usd
trow Temporary Equity Decrease Due To Deconsolidation
TemporaryEquityDecreaseDueToDeconsolidation
256800000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
11000000.0 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
169700000 usd
us-gaap Dividends Sharebased Compensation Paid In Kind
DividendsSharebasedCompensationPaidInKind
0 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
151400000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3200000 usd
trow Subscription From Redemption Distribution To Noncontrolling Interest
SubscriptionFromRedemptionDistributionToNoncontrollingInterest
345000000.0 usd
trow Temporary Equity Decrease Due To Deconsolidation
TemporaryEquityDecreaseDueToDeconsolidation
460200000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9621400000 usd
CY2023Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
560200000 usd
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.
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1785600000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1670700000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5269100000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4818500000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
28900000 usd
CY2024Q3 trow Increase Decrease In Assets Of Voting Interest Entities And Variable Interest Entities
IncreaseDecreaseInAssetsOfVotingInterestEntitiesAndVariableInterestEntities
-371700000 usd
CY2023Q3 trow Increase Decrease In Assets Of Voting Interest Entities And Variable Interest Entities
IncreaseDecreaseInAssetsOfVotingInterestEntitiesAndVariableInterestEntities
-568700000 usd
CY2024Q3 trow Increase Decrease In Liabilities Of Voting Interest Entities And Variable Interest Entities
IncreaseDecreaseInLiabilitiesOfVotingInterestEntitiesAndVariableInterestEntities
-14600000 usd
us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
-460200000 usd
CY2024Q3 us-gaap Minority Interest
MinorityInterest
203400000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
192000000.0 usd
CY2024Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
763400000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
2642800000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
2642800000 usd
CY2024Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
3038000000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
3150100000 usd
CY2024Q3 trow Amortization Of Acquisition Costs And Impairment Charges
AmortizationOfAcquisitionCostsAndImpairmentCharges
28300000 usd
trow Amortization Of Acquisition Costs And Impairment Charges
AmortizationOfAcquisitionCostsAndImpairmentCharges
81000000 usd
CY2023Q3 trow Amortization Of Acquisition Costs And Impairment Charges
AmortizationOfAcquisitionCostsAndImpairmentCharges
35000000 usd
trow Amortization Of Acquisition Costs And Impairment Charges
AmortizationOfAcquisitionCostsAndImpairmentCharges
87400000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1476104 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
75.39
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
76.68
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
1768 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
76.75
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
790781 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
790781 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
74.28
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
74.28
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
127.74
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
110.50
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
115.62
trow Sharebased Compensation Arrangement By Sharebased Payment Award Nonvested Dividend Equivalents Granted To Non Employee Directors Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardNonvestedDividendEquivalentsGrantedToNonEmployeeDirectorsWeightedAverageGrantDateFairValue
109.41
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
128.23
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
127.80
CY2024Q3 trow Employee Service Share Based Compensation Nonvested Awards Compensation Cost To Be Recognized Next Quarter
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedNextQuarter
49600000 usd
CY2024Q3 trow Employee Service Share Based Compensation Nonvested Awards Compensation Cost To Be Recognized Next Fiscal Year
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedNextFiscalYear
117200000 usd
CY2024Q3 trow Employee Service Share Based Compensation Nonvested Awards Compensation Cost To Be Recognized In Years Two To Five
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedInYearsTwoToFive
87600000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
254400000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Net Income Loss
NetIncomeLoss
1351100000 usd
CY2024Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
15500000 usd
CY2023Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
10600000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
32700000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
587500000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
587500000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
442600000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1318400000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1318400000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
224300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
225100000 shares
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
7400000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-3900000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
7700000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false

Files In Submission

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report.css Edgar Link pending
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trow-20240930.htm Edgar Link pending
trow-20240930.xsd Edgar Link pending
trow-ex15_q32024.htm Edgar Link pending
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trow-20240930_cal.xml Edgar Link unprocessable
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