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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Net revenues $ 5,372.6 $ 4,854.9 $ 4,284.8
Operating expenses      
Compensation and related costs 1,808.6 1,664.9 1,494.0
Distribution and servicing costs 281.2 262.6 233.4
Advertising and promotion 99.6 92.4 80.2
Product-related costs 157.1 146.0 139.7
Technology, occupancy, and facility costs 383.9 350.5 319.8
General, administrative, and other 296.0 279.7 218.1
Nonrecurring net charge (recoveries) related to Dell appraisal rights matter (15.2) (50.0) 66.2
Total operating expenses 3,011.2 2,746.1 2,551.4
Net operating income 2,361.4 2,108.8 1,733.4
Non-operating income      
Net gains on investments 119.2 198.3 108.0
Net gains (losses) on consolidated investment products (92.9) 193.9 121.1
Other income (loss) (3.1) 4.1 (2.0)
Total non-operating income 23.2 396.3 227.1
Income before income taxes 2,384.6 2,505.1 1,960.5
Provision for income taxes 615.9 923.9 706.5
Net income 1,768.7 1,581.2 1,254.0
Less: net income (loss) attributable to redeemable non-controlling interests (68.8) 83.4 39.0
Net income attributable to T. Rowe Price Group $ 1,837.5 $ 1,497.8 $ 1,215.0
Earnings per share on common stock of T. Rowe Price Group      
Basic (in dollars per share) $ 7.41 $ 6.07 $ 4.85
Diluted (in dollars per share) $ 7.27 $ 5.97 $ 4.75
Investment advisory fees [Member]      
Revenues      
Net revenues $ 4,850.6 $ 4,295.8 $ 3,735.0
Administrative, distribution, and servicing fees [Member]      
Revenues      
Net revenues $ 522.0 $ 559.1 $ 549.8