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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Investment advisory fees $ 1,189.2 $ 992.7
Administrative, distribution, and servicing fees 138.8 139.9
Net revenues 1,328.0 1,132.6
Operating expenses    
Compensation and related costs 441.4 397.4
Distribution and servicing 70.3 59.8
Advertising and promotion 24.6 25.7
Product-related costs 42.1 38.6
Technology, occupancy, and facility costs 94.1 82.8
General, administrative, and other 71.7 56.6
Nonrecurring insurance recoveries related to Dell appraisal rights matter 0.0 (50.0)
Total operating expenses 744.2 610.9
Net operating income 583.8 521.7
Non-operating income    
Net gains on investments 14.4 64.8
Net gains on consolidated investment portfolios 0.8 48.9
Other income 0.9 1.3
Total non-operating income 16.1 115.0
Income before income taxes 599.9 636.7
Provision for income taxes 144.4 236.3
Net income [1] 455.5 400.4
Less: net income attributable to redeemable non-controlling interests 1.8 14.5
Net income attributable to T. Rowe Price Group $ 453.7 $ 385.9
Earnings per share on common stock of T. Rowe Price Group    
Basic (in dollars per share) $ 1.81 $ 1.56
Diluted (in dollars per share) 1.77 1.54
Dividends declared per share (in dollars per share) $ 0.7 $ 0.57
[1] See note 12 for a supplementary consolidating cash flow schedule.