TROW · 10-Q · 2026Q3 · Full report

Liquidity and Cash Position

PRICE T ROWE GROUP INC · 2026-10-29 · Importance 47 · Surprise 22 · From source text

At September 30, 2026, T. Rowe Price reported $3,774.3 million of cash and cash equivalents and $4,926.0 million of cash and discretionary investments, up from $3,378.2 million and $3,841.9 million, respectively, at December 31, 2025. Total cash and investments in T. Rowe Price products attributable to the company were $7,521.3 million, compared with $6,303.3 million at year-end 2025. The company said it does not maintain an external source of additional liquidity, citing its financial resources and cash expected from future operations.

Key facts

• At September 30, 2026, cash and cash equivalents were $3,774.3 million, compared with $3,378.2 million at December 31, 2025. source
• Total cash and discretionary investments were $4,926.0 million at September 30, 2026, compared with $3,841.9 million at December 31, 2025. source
• Total cash and investments in T. Rowe Price products attributable to the company were $7,521.3 million at September 30, 2026, compared with $6,303.3 million at December 31, 2025. source
• Net investment purchases were $739.5 million in 2026, compared with net proceeds from investment sales of $241.9 million in 2025. source
• Net cash used in other investing activities in 2026 decreased by $69.3 million compared with the 2025 period, reflecting proceeds from the sale of certain buildings in the company's real estate portfolio. source
• At September 30, 2026, discretionary investments were $1,151.7 million, compared with $463.7 million at December 31, 2025. source
• Redeemable seed capital investments were $1,245.2 million at September 30, 2026, compared with $1,144.1 million at December 31, 2025. source
• Investments used to hedge deferred compensation liabilities were $1,350.1 million at September 30, 2026, compared with $1,317.3 million at December 31, 2025. source

Impact estimates