T. Rowe Price Group, Inc. (TROW) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 3.73B | 4.09B | 4.53B | 3.92B | 3.77B | 3.53B | 4.06B | 3.56B | 3.3B | 2.87B | 3.33B | 3.01B | 2.82B | 2.5B | 3.11B | 2.89B | 2.92B | 2.58B | 4.36B | 4.43B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | 38.38 | 42.79 | 47.43 | 46.23 | 44.56 | 44.75 | 45.41 | 43.96 | 43.7 | 41.67 | 42.15 | 43.29 | 44.97 | 43.87 | 50.9 | 47.77 | 46.9 | 43.78 | 42.55 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | -678.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 10.66B | 10.51B | 10.2B | 10.42B | 10.22B | 9.94B | 9.64B | 9.53B | 9.55B | 9.4B | 9.23B | 9.61B | 9.33B | 9.07B | 8.89B | 8.88B | 9.43B | 9.92B | 7.09B | 6.85B |
| Property, Plant & Equipment | 1.2B | 1.23B | 1.37B | 1.4B | 1.42B | 1.2B | 1.16B | 1.11B | 1.08B | 1.05B | 1.05B | 1.03B | 1.03B | 1.04B | 1.04B | 905.4M | 900.8M | 937.4M | 825.3M | 818.4M |
| Fixed Asset Turnover | 1.53x | 1.49x | 1.37x | 1.22x | 1.35x | 1.54x | 1.57x | 1.58x | 1.64x | 1.57x | 1.60x | 1.56x | 1.49x | 1.47x | 1.64x | 1.68x | 2.03x | 2.23x | 2.38x | 2.36x |
| Goodwill | 0 | 0 | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.65B | 2.65B | 2.64B | 2.69B | 665.7M | 665.7M |
| Intangible Assets | 2.9B | 2.92B | 294.6M | 316.9M | 343.7M | 368.1M | 395.2M | 442.3M | 481.8M | 507.3M | 542.4M | 577.4M | 603.8M | 629.8M | 832M | 859.1M | 886.3M | 913.4M | 0 | 0 |
| Long-Term Investments | 5.12B | 5.28B | 4.13B | 4.3B | 4.03B | 4.05B | 3.92B | 3.84B | 3.87B | 3.71B | 4.28B | 4.66B | 4.43B | 3.38B | 3.76B | 3.87B | 4.54B | 4.94B | 5.36B | 5.14B |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 14.39B | 14.61B | 14.73B | 14.34B | 13.99B | 13.47B | 13.71B | 13.09B | 12.85B | 12.28B | 12.56B | 12.62B | 12.16B | 11.64B | 11.99B | 11.77B | 12.35B | 12.51B | 11.45B | 11.28B |
| Asset Turnover | 0.13x | 0.13x | 0.13x | 0.12x | 0.13x | 0.13x | 0.13x | 0.13x | 0.14x | 0.13x | 0.13x | 0.13x | 0.13x | 0.13x | 0.13x | 0.13x | 0.15x | 0.16x | 0.17x | 0.18x |
| Asset Growth % | 2.85% | 8.42% | 7.47% | 9.57% | 8.87% | 9.72% | 9.15% | 3.71% | 5.74% | 5.46% | 4.7% | 7.25% | -1.55% | -6.92% | 4.74% | 4.34% | 14.71% | 17.36% | 12.99% | 19.01% |
| Total Current Liabilities | 570.5M | 56M | 396.2M | 357.9M | 642.2M | 440.6M | 372.4M | 380.8M | 543.2M | 489.1M | 437.6M | 423.7M | 509.5M | 452.7M | 421.1M | 395.3M | 631.9M | 508.9M | 370.5M | 1.05B |
| Accounts Payable | 0 | 0 | 349.5M | 335.5M | 347.1M | 353.5M | 359.1M | 367.2M | 366.4M | 422.9M | 395.2M | 381.3M | 359.9M | 406.7M | 382.8M | 361M | 417.3M | 431M | 309.8M | 246.2M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 438.1M | 56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 132.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 6.54x | 73.08x | 11.44x | 10.95x | 5.87x | 8.01x | 10.91x | 9.35x | 6.07x | 5.88x | 7.61x | 7.11x | 5.54x | 5.53x | 7.38x | 7.31x | 4.62x | 5.07x | 11.77x | 4.23x |
| Quick Ratio | 6.54x | 73.08x | 11.44x | 10.95x | 5.87x | 8.01x | 10.91x | 9.35x | 6.07x | 5.88x | 7.61x | 7.11x | 5.54x | 5.53x | 7.38x | 7.31x | 4.62x | 5.07x | 11.77x | 4.23x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 2.52B | 2.5B | 2.36B | 2.17B | 1.82B | 1.58B | 2.12B | 1.89B | 1.64B | 1.5B | 1.94B | 1.75B | 1.57B | 1.5B | 1.88B | 1.64B | 1.6B | 1.75B | 1.73B | 1.46B |
| Long-Term Debt | 21.5M | 413M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 2.52B | 2.55B | 2.76B | 2.53B | 2.46B | 2.02B | 2.49B | 2.27B | 2.19B | 1.99B | 2.38B | 2.17B | 2.08B | 1.96B | 2.3B | 2.03B | 2.23B | 2.26B | 2.1B | 2.51B |
| Total Debt | 459.6M | 860.2M | 455.1M | 475.2M | 472.1M | 278.7M | 288.4M | 299.3M | 302.1M | 308.5M | 309.4M | 323.4M | 323.9M | 329.6M | 320M | 204.7M | 211.8M | 249.2M | 142.1M | 138.5M |
| Net Debt | -3.73B | -2.52B | -3.18B | -2.58B | -2.36B | -2.37B | -2.89B | -2.42B | -2.11B | -1.76B | -2.27B | -1.93B | -1.77B | -1.43B | -2.05B | -1.91B | -1.79B | -1.27B | -3.28B | -3.38B |
| Debt / Equity | 0.04x | 0.07x | 0.04x | 0.04x | 0.04x | 0.02x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x |
| Debt / EBITDA | 0.65x | 1.61x | 0.60x | 0.72x | 0.72x | 0.32x | 0.52x | 0.40x | 0.47x | 0.45x | 0.57x | 0.47x | 0.60x | 0.45x | 0.51x | 0.28x | 0.23x | 0.27x | 0.14x | 0.14x |
| Net Debt / EBITDA | -5.24x | -4.72x | -4.17x | -3.89x | -3.58x | -2.68x | -5.23x | -3.21x | -3.26x | -2.56x | -4.15x | -2.79x | -3.26x | -1.95x | -3.24x | -2.64x | -1.92x | -1.39x | -3.13x | -3.35x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 11.88B | 12.05B | 11.97B | 11.81B | 11.53B | 11.45B | 11.22B | 10.82B | 10.67B | 10.29B | 10.18B | 10.45B | 10.07B | 9.69B | 9.7B | 9.74B | 10.12B | 10.25B | 9.35B | 8.77B |
| Equity Growth % | 2.98% | 5.27% | 6.72% | 9.15% | 8.12% | 11.26% | 10.16% | 3.56% | 5.88% | 6.24% | 5.02% | 7.33% | -0.43% | -5.53% | 3.71% | 10.99% | 12.15% | 10.63% | 10.39% | 11.89% |
| Book Value per Share | 53.16 | 53.86 | 54.48 | 53.60 | 51.81 | 51.39 | 50.34 | 48.43 | 47.57 | 45.94 | 45.29 | 46.41 | 44.73 | 43.13 | 42.84 | 42.73 | 44.03 | 45.19 | 40.81 | 38.28 |
| Total Shareholders' Equity | 10.78B | 10.86B | 10.81B | 10.56B | 10.39B | 10.35B | 10.25B | 9.93B | 9.78B | 9.51B | 9.4B | 9.26B | 9.05B | 8.84B | 8.91B | 8.96B | 9.05B | 9.02B | 8.26B | 7.89B |
| Common Stock | 43.1M | 43.8M | 43.7M | 44M | 44.2M | 44.6M | 44.4M | 44.5M | 44.7M | 44.8M | 44.7M | 44.8M | 44.9M | 44.9M | 44.8M | 45.1M | 45.5M | 45.8M | 45.2M | 45.4M |
| Retained Earnings | 10.79B | 10.87B | 10.82B | 10.46B | 10.24B | 10.04B | 9.89B | 9.56B | 9.36B | 9.08B | 8.92B | 8.75B | 8.55B | 8.41B | 8.42B | 8.31B | 8.37B | 8.08B | 7.59B | 7.2B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -51.6M | -50.5M | -46.5M | -44.6M | -51.9M | -51.7M | -39.5M | -49.2M | -49.6M | -47.5M | -46.2M | -47.8M | -51.7M | -53M | -56.5M | -47.4M | -31.5M | -26.5M | -29.4M | -28.7M |
| Minority Interest | 1.1B | 1.19B | 1.15B | 1.25B | 1.14B | 1.1B | 966.8M | 894.3M | 882.1M | 786.1M | 781.7M | 1.19B | 1.03B | 847.4M | 787.8M | 773.4M | 1.06B | 1.23B | 1.09B | 880.4M |