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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Investment advisory fees $ 4,287.7 $ 3,728.7 $ 3,687.3
Administrative fees 358.3 352.5 361.8
Distribution and servicing fees 147.0 141.7 151.5
Net revenues 4,793.0 4,222.9 4,200.6
Operating expenses      
Compensation and related costs 1,664.9 1,494.0 1,443.6
Advertising and promotion 92.0 79.9 79.7
Distribution and servicing costs 147.0 141.7 151.5
Depreciation and amortization of property and equipment [1] 143.6 133.4 126.3
Occupancy and facility costs 194.9 172.8 159.2
Other operating expenses 491.8 401.5 341.4
Nonrecurring charge (insurance recoveries) related to Dell appraisal rights matter (50.0) 66.2 0.0
Total operating expenses 2,684.2 2,489.5 2,301.7
Net operating income 2,108.8 1,733.4 1,898.9
Non-operating income      
Net investment income on investments not consolidated 198.3 108.0 105.3
Net investment income on consolidated T. Rowe Price investment products 193.9 121.1 1.5
Other income (expense) 4.1 (2.0) (3.3)
Total non-operating income 396.3 227.1 103.5
Income before income taxes 2,505.1 1,960.5 2,002.4
Provision for income taxes 923.9 706.5 779.4
Net income [1] 1,581.2 1,254.0 1,223.0
Less: net income attributable to redeemable non-controlling interests 83.4 39.0 0.0
Net income attributable to T. Rowe Price Group $ 1,497.8 $ 1,215.0 $ 1,223.0
Earnings per share on common stock of T. Rowe Price Group      
Basic (in dollars per share) $ 6.07 $ 4.85 $ 4.74
Diluted (in dollars per share) $ 5.97 $ 4.75 $ 4.63
[1] See note 15 for a supplementary consolidating cash flow schedule.