<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:118d5f82-e1da-45fb-8b25-9ba352411933,g:90e42356-b80d-4cf2-a1ea-e4cb197477c2-->
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:trow="http://www.troweprice.com/20240930" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:dtr-types1="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2022-03-31" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.troweprice.com/20240930">
  <xs:import namespace="http://fasb.org/srt/2024" schemaLocation="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd"/>
  <xs:import namespace="http://fasb.org/us-gaap/2024" schemaLocation="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/dtr/type/2020-01-21" schemaLocation="https://www.xbrl.org/dtr/type/2020-01-21/types.xsd"/>
  <xs:import namespace="http://www.xbrl.org/dtr/type/2022-03-31" schemaLocation="https://www.xbrl.org/dtr/type/2022-03-31/types.xsd"/>
  <xs:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/dei/2024" schemaLocation="https://xbrl.sec.gov/dei/2024/dei-2024.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/ecd/2024" schemaLocation="https://xbrl.sec.gov/ecd/2024/ecd-2024.xsd"/>
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="trow-20240930_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="trow-20240930_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="trow-20240930_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="trow-20240930_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:type="simple"/>
      <link:roleType id="Cover" roleURI="http://www.troweprice.com/role/Cover">
        <link:definition>0000001 - Document - Cover</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UNAUDITEDCONDENSEDCONSOLIDATEDBALANCESHEETS" roleURI="http://www.troweprice.com/role/UNAUDITEDCONDENSEDCONSOLIDATEDBALANCESHEETS">
        <link:definition>9952151 - Statement - UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UNAUDITEDCONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical" roleURI="http://www.troweprice.com/role/UNAUDITEDCONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical">
        <link:definition>9952152 - Statement - UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFINCOME" roleURI="http://www.troweprice.com/role/UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFINCOME">
        <link:definition>9952153 - Statement - UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME" roleURI="http://www.troweprice.com/role/UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME">
        <link:definition>9952154 - Statement - UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS" roleURI="http://www.troweprice.com/role/UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS">
        <link:definition>9952155 - Statement - UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWSParenthetical" roleURI="http://www.troweprice.com/role/UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWSParenthetical">
        <link:definition>9952156 - Statement - UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFSTOCKHOLDERSEQUITY" roleURI="http://www.troweprice.com/role/UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFSTOCKHOLDERSEQUITY">
        <link:definition>9952157 - Statement - UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFSTOCKHOLDERSEQUITYParenthetical" roleURI="http://www.troweprice.com/role/UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFSTOCKHOLDERSEQUITYParenthetical">
        <link:definition>9952158 - Statement - UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="THECOMPANYANDBASISOFPREPARATION" roleURI="http://www.troweprice.com/role/THECOMPANYANDBASISOFPREPARATION">
        <link:definition>9952159 - Disclosure - THE COMPANY AND BASIS OF PREPARATION</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INFORMATIONABOUTRECEIVABLESREVENUESANDSERVICES" roleURI="http://www.troweprice.com/role/INFORMATIONABOUTRECEIVABLESREVENUESANDSERVICES">
        <link:definition>9952160 - Disclosure - INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTS" roleURI="http://www.troweprice.com/role/INVESTMENTS">
        <link:definition>9952161 - Disclosure - INVESTMENTS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FAIRVALUEMEASUREMENTS" roleURI="http://www.troweprice.com/role/FAIRVALUEMEASUREMENTS">
        <link:definition>9952162 - Disclosure - FAIR VALUE MEASUREMENTS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTS" roleURI="http://www.troweprice.com/role/CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTS">
        <link:definition>9952163 - Disclosure - CONSOLIDATED SPONSORED INVESTMENT PRODUCTS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="GOODWILLANDINTANGIBLEASSETS" roleURI="http://www.troweprice.com/role/GOODWILLANDINTANGIBLEASSETS">
        <link:definition>9952164 - Disclosure - GOODWILL AND INTANGIBLE ASSETS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="STOCKBASEDCOMPENSATION" roleURI="http://www.troweprice.com/role/STOCKBASEDCOMPENSATION">
        <link:definition>9952165 - Disclosure - STOCK-BASED COMPENSATION</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EARNINGSPERSHARECALCULATIONS" roleURI="http://www.troweprice.com/role/EARNINGSPERSHARECALCULATIONS">
        <link:definition>9952166 - Disclosure - EARNINGS PER SHARE CALCULATIONS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OTHERCOMPREHENSIVEINCOMEANDACCUMULATEDOTHERCOMPREHENSIVELOSS" roleURI="http://www.troweprice.com/role/OTHERCOMPREHENSIVEINCOMEANDACCUMULATEDOTHERCOMPREHENSIVELOSS">
        <link:definition>9952167 - Disclosure - OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="COMMITMENTSANDCONTINGENCIES" roleURI="http://www.troweprice.com/role/COMMITMENTSANDCONTINGENCIES">
        <link:definition>9952168 - Disclosure - COMMITMENTS AND CONTINGENCIES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="THECOMPANYANDBASISOFPREPARATIONPolicies" roleURI="http://www.troweprice.com/role/THECOMPANYANDBASISOFPREPARATIONPolicies">
        <link:definition>9954471 - Disclosure - THE COMPANY AND BASIS OF PREPARATION (Policies)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INFORMATIONABOUTRECEIVABLESREVENUESANDSERVICESTables" roleURI="http://www.troweprice.com/role/INFORMATIONABOUTRECEIVABLESREVENUESANDSERVICESTables">
        <link:definition>9954472 - Disclosure - INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTSTables" roleURI="http://www.troweprice.com/role/INVESTMENTSTables">
        <link:definition>9954473 - Disclosure - INVESTMENTS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FAIRVALUEMEASUREMENTSTables" roleURI="http://www.troweprice.com/role/FAIRVALUEMEASUREMENTSTables">
        <link:definition>9954474 - Disclosure - FAIR VALUE MEASUREMENTS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTSTables" roleURI="http://www.troweprice.com/role/CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTSTables">
        <link:definition>9954475 - Disclosure - CONSOLIDATED SPONSORED INVESTMENT PRODUCTS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="GOODWILLANDINTANGIBLEASSETSTables" roleURI="http://www.troweprice.com/role/GOODWILLANDINTANGIBLEASSETSTables">
        <link:definition>9954476 - Disclosure - GOODWILL AND INTANGIBLE ASSETS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="STOCKBASEDCOMPENSATIONTables" roleURI="http://www.troweprice.com/role/STOCKBASEDCOMPENSATIONTables">
        <link:definition>9954477 - Disclosure - STOCK-BASED COMPENSATION (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EARNINGSPERSHARECALCULATIONSTables" roleURI="http://www.troweprice.com/role/EARNINGSPERSHARECALCULATIONSTables">
        <link:definition>9954478 - Disclosure - EARNINGS PER SHARE CALCULATIONS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OTHERCOMPREHENSIVEINCOMEANDACCUMULATEDOTHERCOMPREHENSIVELOSSTables" roleURI="http://www.troweprice.com/role/OTHERCOMPREHENSIVEINCOMEANDACCUMULATEDOTHERCOMPREHENSIVELOSSTables">
        <link:definition>9954479 - Disclosure - OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INFORMATIONABOUTRECEIVABLESREVENUESANDSERVICESInvestmentAdvisoryServicesDetails" roleURI="http://www.troweprice.com/role/INFORMATIONABOUTRECEIVABLESREVENUESANDSERVICESInvestmentAdvisoryServicesDetails">
        <link:definition>9954480 - Disclosure - INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES - Investment Advisory Services (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INFORMATIONABOUTRECEIVABLESREVENUESANDSERVICESNarrativeDetails" roleURI="http://www.troweprice.com/role/INFORMATIONABOUTRECEIVABLESREVENUESANDSERVICESNarrativeDetails">
        <link:definition>9954481 - Disclosure - INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTSCarryingValueofInvestmentsDetails" roleURI="http://www.troweprice.com/role/INVESTMENTSCarryingValueofInvestmentsDetails">
        <link:definition>9954482 - Disclosure - INVESTMENTS - Carrying Value of Investments (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTSNarrativeDetails" roleURI="http://www.troweprice.com/role/INVESTMENTSNarrativeDetails">
        <link:definition>9954483 - Disclosure - INVESTMENTS - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTSDeconsolidationImpactsonFinancialStatementsDetails" roleURI="http://www.troweprice.com/role/INVESTMENTSDeconsolidationImpactsonFinancialStatementsDetails">
        <link:definition>9954484 - Disclosure - INVESTMENTS - Deconsolidation Impacts on Financial Statements (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTSVariableInterestEntitiesDetails" roleURI="http://www.troweprice.com/role/INVESTMENTSVariableInterestEntitiesDetails">
        <link:definition>9954485 - Disclosure - INVESTMENTS - Variable Interest Entities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTSVariableInterestEntitiesNarrativeDetails" roleURI="http://www.troweprice.com/role/INVESTMENTSVariableInterestEntitiesNarrativeDetails">
        <link:definition>9954486 - Disclosure - INVESTMENTS - Variable Interest Entities Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTSTotalAssetsLiabilitiesandNoncontrollingInterestsDetails" roleURI="http://www.troweprice.com/role/INVESTMENTSTotalAssetsLiabilitiesandNoncontrollingInterestsDetails">
        <link:definition>9954487 - Disclosure - INVESTMENTS - Total Assets, Liabilities and Non-controlling Interests (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FAIRVALUEMEASUREMENTSScheduleofFairValueMeasurementsDetails" roleURI="http://www.troweprice.com/role/FAIRVALUEMEASUREMENTSScheduleofFairValueMeasurementsDetails">
        <link:definition>9954488 - Disclosure - FAIR VALUE MEASUREMENTS - Schedule of Fair Value Measurements (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FAIRVALUEMEASUREMENTSNarrativeDetails" roleURI="http://www.troweprice.com/role/FAIRVALUEMEASUREMENTSNarrativeDetails">
        <link:definition>9954489 - Disclosure - FAIR VALUE MEASUREMENTS - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FAIRVALUEMEASUREMENTSScheduleofChangeinContingentConsiderationLiabilityDetails" roleURI="http://www.troweprice.com/role/FAIRVALUEMEASUREMENTSScheduleofChangeinContingentConsiderationLiabilityDetails">
        <link:definition>9954490 - Disclosure - FAIR VALUE MEASUREMENTS - Schedule of Change in Contingent Consideration Liability (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTSNetAssetsDetails" roleURI="http://www.troweprice.com/role/CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTSNetAssetsDetails">
        <link:definition>9954491 - Disclosure - CONSOLIDATED SPONSORED INVESTMENT PRODUCTS - Net Assets (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTSOperatingResultsDetails" roleURI="http://www.troweprice.com/role/CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTSOperatingResultsDetails">
        <link:definition>9954492 - Disclosure - CONSOLIDATED SPONSORED INVESTMENT PRODUCTS - Operating Results (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTSNarrativeDetails" roleURI="http://www.troweprice.com/role/CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTSNarrativeDetails">
        <link:definition>9954493 - Disclosure - CONSOLIDATED SPONSORED INVESTMENT PRODUCTS - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTSStatementofCashFlowsDetails" roleURI="http://www.troweprice.com/role/CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTSStatementofCashFlowsDetails">
        <link:definition>9954494 - Disclosure - CONSOLIDATED SPONSORED INVESTMENT PRODUCTS - Statement of Cash Flows (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTSFairValueMeasurementsDetails" roleURI="http://www.troweprice.com/role/CONSOLIDATEDSPONSOREDINVESTMENTPRODUCTSFairValueMeasurementsDetails">
        <link:definition>9954495 - Disclosure - CONSOLIDATED SPONSORED INVESTMENT PRODUCTS - Fair Value Measurements (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="GOODWILLANDINTANGIBLEASSETSGoodwillandIntangibleAssetsDetails" roleURI="http://www.troweprice.com/role/GOODWILLANDINTANGIBLEASSETSGoodwillandIntangibleAssetsDetails">
        <link:definition>9954496 - Disclosure - GOODWILL AND INTANGIBLE ASSETS - Goodwill and Intangible Assets (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="GOODWILLANDINTANGIBLEASSETSNarrativeDetails" roleURI="http://www.troweprice.com/role/GOODWILLANDINTANGIBLEASSETSNarrativeDetails">
        <link:definition>9954497 - Disclosure - GOODWILL AND INTANGIBLE ASSETS - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="GOODWILLANDINTANGIBLEASSETSScheduleofDefiniteLivedIntangibleAssetsFutureAmortizationExpenseDetails" roleURI="http://www.troweprice.com/role/GOODWILLANDINTANGIBLEASSETSScheduleofDefiniteLivedIntangibleAssetsFutureAmortizationExpenseDetails">
        <link:definition>9954498 - Disclosure - GOODWILL AND INTANGIBLE ASSETS - Schedule of Definite-Lived Intangible Assets, Future Amortization Expense (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="STOCKBASEDCOMPENSATIONStockOptionsDetails" roleURI="http://www.troweprice.com/role/STOCKBASEDCOMPENSATIONStockOptionsDetails">
        <link:definition>9954499 - Disclosure - STOCK-BASED COMPENSATION - Stock Options (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="STOCKBASEDCOMPENSATIONRestrictedSharesandStockUnitsDetails" roleURI="http://www.troweprice.com/role/STOCKBASEDCOMPENSATIONRestrictedSharesandStockUnitsDetails">
        <link:definition>9954500 - Disclosure - STOCK-BASED COMPENSATION - Restricted Shares and Stock Units (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="STOCKBASEDCOMPENSATIONRestrictedSharesandStockUnitsNarrativeDetails" roleURI="http://www.troweprice.com/role/STOCKBASEDCOMPENSATIONRestrictedSharesandStockUnitsNarrativeDetails">
        <link:definition>9954501 - Disclosure - STOCK-BASED COMPENSATION - Restricted Shares and Stock Units Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="STOCKBASEDCOMPENSATIONFutureStockBasedCompensationExpenseDetails" roleURI="http://www.troweprice.com/role/STOCKBASEDCOMPENSATIONFutureStockBasedCompensationExpenseDetails">
        <link:definition>9954502 - Disclosure - STOCK-BASED COMPENSATION - Future Stock-Based Compensation Expense (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EARNINGSPERSHARECALCULATIONSDetails" roleURI="http://www.troweprice.com/role/EARNINGSPERSHARECALCULATIONSDetails">
        <link:definition>9954503 - Disclosure - EARNINGS PER SHARE CALCULATIONS (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OTHERCOMPREHENSIVEINCOMEANDACCUMULATEDOTHERCOMPREHENSIVELOSSAccumulatedOtherComprehensiveLossDetails" roleURI="http://www.troweprice.com/role/OTHERCOMPREHENSIVEINCOMEANDACCUMULATEDOTHERCOMPREHENSIVELOSSAccumulatedOtherComprehensiveLossDetails">
        <link:definition>9954504 - Disclosure - OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS - Accumulated Other Comprehensive Loss (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OTHERCOMPREHENSIVEINCOMEANDACCUMULATEDOTHERCOMPREHENSIVELOSSNarrativeDetails" roleURI="http://www.troweprice.com/role/OTHERCOMPREHENSIVEINCOMEANDACCUMULATEDOTHERCOMPREHENSIVELOSSNarrativeDetails">
        <link:definition>9954505 - Disclosure - OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="COMMITMENTSANDCONTINGENCIESDetails" roleURI="http://www.troweprice.com/role/COMMITMENTSANDCONTINGENCIESDetails">
        <link:definition>9954506 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xs:appinfo>
  </xs:annotation>
  <xs:element id="trow_AssetsOfVotingInterestEntitiesAndVariableInterestEntities" abstract="false" name="AssetsOfVotingInterestEntitiesAndVariableInterestEntities" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_LiabilitiesOfVotingInterestEntitiesAndVariableInterestEntities" abstract="false" name="LiabilitiesOfVotingInterestEntitiesAndVariableInterestEntities" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_CapitalAllocationBasedIncomeMember" abstract="true" name="CapitalAllocationBasedIncomeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_AdministrativeDistributionAndServicingMember" abstract="true" name="AdministrativeDistributionAndServicingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_DistributionExpenses" abstract="false" name="DistributionExpenses" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_ProductRelatedAndClientServicingExpenses" abstract="false" name="ProductRelatedAndClientServicingExpenses" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_TechnologyDepreciationOccupancyAndFacilityExpenses" abstract="false" name="TechnologyDepreciationOccupancyAndFacilityExpenses" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_InvestmentIncomeNonoperatingOtherThanConsolidatedSponsoredInvestmentPortfolios" abstract="false" name="InvestmentIncomeNonoperatingOtherThanConsolidatedSponsoredInvestmentPortfolios" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_InvestmentIncomeNonoperatingConsolidatedSponsoredInvestmentPortfolios" abstract="false" name="InvestmentIncomeNonoperatingConsolidatedSponsoredInvestmentPortfolios" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_DepreciationAmortizationAndImpairmentOfPropertyEquipmentAndSoftware" abstract="false" name="DepreciationAmortizationAndImpairmentOfPropertyEquipmentAndSoftware" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_AmortizationOfAcquisitionRelatedAssetsAndRetentionArrangements" abstract="false" name="AmortizationOfAcquisitionRelatedAssetsAndRetentionArrangements" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_NetGainsLossesRecognizedOnInvestments" abstract="false" name="NetGainsLossesRecognizedOnInvestments" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_IncreaseDecreaseInTradingSecuritiesConsolidatedSponsoredInvestmentPortfolios" abstract="false" name="IncreaseDecreaseInTradingSecuritiesConsolidatedSponsoredInvestmentPortfolios" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_NetCashFlowForConsolidationDeconsolidationOfSponsoredInvestmentPortfolios" abstract="false" name="NetCashFlowForConsolidationDeconsolidationOfSponsoredInvestmentPortfolios" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_ProceedsFromStockOptionsExercisedNetOfPaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligationsAndStrikePrice" abstract="false" name="ProceedsFromStockOptionsExercisedNetOfPaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligationsAndStrikePrice" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_NetContributionsFromDistributionsToNonControllingInterestsInConsolidatedEntities" abstract="false" name="NetContributionsFromDistributionsToNonControllingInterestsInConsolidatedEntities" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_NetSubscriptionsRedemptionsReceivedFromRedeemableNonControllingInterestHolders" abstract="false" name="NetSubscriptionsRedemptionsReceivedFromRedeemableNonControllingInterestHolders" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_ConsolidatedInvestmentPortfoliosMember" abstract="true" name="ConsolidatedInvestmentPortfoliosMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_NetIncomeLossExcludingNoncontrollingInterestInConsolidatedEntities" abstract="false" name="NetIncomeLossExcludingNoncontrollingInterestInConsolidatedEntities" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_SubscriptionFromRedemptionDistributionToNoncontrollingInterest" abstract="false" name="SubscriptionFromRedemptionDistributionToNoncontrollingInterest" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_TemporaryEquityDecreaseDueToDeconsolidation" abstract="false" name="TemporaryEquityDecreaseDueToDeconsolidation" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_InformationAboutReceivablesRevenuesAndServicesAbstract" abstract="true" name="InformationAboutReceivablesRevenuesAndServicesAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="trow_InformationAboutReceivablesRevenuesAndServicesTextBlock" abstract="false" name="InformationAboutReceivablesRevenuesAndServicesTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="trow_ConsolidatedSponsoredInvestmentPortfoliosAbstract" abstract="true" name="ConsolidatedSponsoredInvestmentPortfoliosAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="trow_ConsolidatedSponsoredInvestmentPortfoliosTextBlock" abstract="false" name="ConsolidatedSponsoredInvestmentPortfoliosTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="trow_ComponentsofInvestmentAdvisoryFeesTableTextBlock" abstract="false" name="ComponentsofInvestmentAdvisoryFeesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="trow_ScheduleOfDeconsolidationImpactsOnFinancialStatementsTableTextBlock" abstract="false" name="ScheduleOfDeconsolidationImpactsOnFinancialStatementsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="trow_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisForConsolidatedSponsoredInvestmentPortfoliosTableTextBlock" abstract="false" name="ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisForConsolidatedSponsoredInvestmentPortfoliosTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="trow_ConsolidatedSponsoredInvestmentPortfoliosCondensedBalanceSheetTableTextBlock" abstract="false" name="ConsolidatedSponsoredInvestmentPortfoliosCondensedBalanceSheetTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="trow_ConsolidatedSponsoredInvestmentPortfoliosCondensedIncomeStatementTableTextBlock" abstract="false" name="ConsolidatedSponsoredInvestmentPortfoliosCondensedIncomeStatementTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="trow_ConsolidatedSponsoredInvestmentPortfoliosCondensedCashFlowStatementTableTextBlock" abstract="false" name="ConsolidatedSponsoredInvestmentPortfoliosCondensedCashFlowStatementTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="trow_RevenueAndServicesTable" abstract="true" name="RevenueAndServicesTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="trow_InvestmentAdvisoryClientsMember" abstract="true" name="InvestmentAdvisoryClientsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_FixedIncomeIncludingMoneyMarketMember" abstract="true" name="FixedIncomeIncludingMoneyMarketMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_MultiAssetMember" abstract="true" name="MultiAssetMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_AlternativesInvestmentMember" abstract="true" name="AlternativesInvestmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_AssetsUnderManagementMember" abstract="true" name="AssetsUnderManagementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_RevenuesAndServicesLineItems" abstract="true" name="RevenuesAndServicesLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="trow_SponsoredInvestmentPortfoliosMember" abstract="true" name="SponsoredInvestmentPortfoliosMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_SponsoredInvestmentPortfoliosDiscretionaryInvestmentsMember" abstract="true" name="SponsoredInvestmentPortfoliosDiscretionaryInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_SponsoredInvestmentPortfoliosSeedCapitalMember" abstract="true" name="SponsoredInvestmentPortfoliosSeedCapitalMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_SponsoredInvestmentPortfoliosSupplementalSavingsPlanLiabilityEconomicHedgesMember" abstract="true" name="SponsoredInvestmentPortfoliosSupplementalSavingsPlanLiabilityEconomicHedgesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_InvestmentPartnershipAndOtherInvestmentsMember" abstract="true" name="InvestmentPartnershipAndOtherInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_InvestmentsInAffiliatedCollateralizedLoanObligationsMember" abstract="true" name="InvestmentsInAffiliatedCollateralizedLoanObligationsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_UtiAssetManagementCompanyIndiaMember" abstract="true" name="UtiAssetManagementCompanyIndiaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_InvestmentsInAffiliatedPrivateInvestmentFundsCarriedInterestMember" abstract="true" name="InvestmentsInAffiliatedPrivateInvestmentFundsCarriedInterestMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_InvestmentsInAffiliatedPrivateInvestmentFundsSeedCoInvestmentMember" abstract="true" name="InvestmentsInAffiliatedPrivateInvestmentFundsSeedCoInvestmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_InvestmentPartnershipsAndOtherInvestmentsMember" abstract="true" name="InvestmentPartnershipsAndOtherInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_SecuredDebtDebtAssumed" abstract="false" name="SecuredDebtDebtAssumed" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_IncreaseDecreaseInAssetsOfVotingInterestEntitiesAndVariableInterestEntities" abstract="false" name="IncreaseDecreaseInAssetsOfVotingInterestEntitiesAndVariableInterestEntities" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_IncreaseDecreaseInLiabilitiesOfVotingInterestEntitiesAndVariableInterestEntities" abstract="false" name="IncreaseDecreaseInLiabilitiesOfVotingInterestEntitiesAndVariableInterestEntities" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureInvestmentCarryingValuesAmount" abstract="false" name="VariableInterestEntityReportingEntityInvolvementMaximumLossExposureInvestmentCarryingValuesAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureUnfundedCapitalCommitmentsAmount" abstract="false" name="VariableInterestEntityReportingEntityInvolvementMaximumLossExposureUnfundedCapitalCommitmentsAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAccountsReceivable" abstract="false" name="VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAccountsReceivable" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_OtherInvestmentsMeasurementInput" abstract="false" name="OtherInvestmentsMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="trow_OHAAcquisitionMember" abstract="true" name="OHAAcquisitionMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_BusinessCombinationContingentConsiderationExtendedEarnoutPaymentPeriod" abstract="false" name="BusinessCombinationContingentConsiderationExtendedEarnoutPaymentPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="trow_BusinessCombinationEarnoutPercentageSecondThreshold" abstract="false" name="BusinessCombinationEarnoutPercentageSecondThreshold" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="trow_BusinessCombinationContingentConsiderationIncentivePaymentPercentage" abstract="false" name="BusinessCombinationContingentConsiderationIncentivePaymentPercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="trow_VotingInterestEntitiesMember" abstract="true" name="VotingInterestEntitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_InvestmentSponsoredInvestmentPortfoliosAttributableToParent" abstract="false" name="InvestmentSponsoredInvestmentPortfoliosAttributableToParent" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_IncomeLossFromContinuingOperationsBeforeIncomeTaxesAttributableToParent" abstract="false" name="IncomeLossFromContinuingOperationsBeforeIncomeTaxesAttributableToParent" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_InvestmentAdvisoryAgreementsMember" abstract="true" name="InvestmentAdvisoryAgreementsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="trow_AmortizationOfAcquisitionCostsAndImpairmentCharges" abstract="false" name="AmortizationOfAcquisitionCostsAndImpairmentCharges" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedDividendEquivalentsGrantedToNonEmployeeDirectors" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedDividendEquivalentsGrantedToNonEmployeeDirectors" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="trow_SharebasedCompensationArrangementBySharebasedPaymentAwardNonvestedDividendEquivalentsGrantedToNonEmployeeDirectorsWeightedAverageGrantDateFairValue" abstract="false" name="SharebasedCompensationArrangementBySharebasedPaymentAwardNonvestedDividendEquivalentsGrantedToNonEmployeeDirectorsWeightedAverageGrantDateFairValue" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="trow_SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsNonvestedPerformanceThresholdMetNumber" abstract="false" name="SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsNonvestedPerformanceThresholdMetNumber" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="trow_EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedNextQuarter" abstract="false" name="EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedNextQuarter" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedNextFiscalYear" abstract="false" name="EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedNextFiscalYear" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedInYearsTwoToFive" abstract="false" name="EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedInYearsTwoToFive" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="trow_OHACommitmentsMember" abstract="true" name="OHACommitmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
</xs:schema>
