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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Net revenues $ 1,327.3 $ 1,328.0
Operating expenses    
Compensation and related costs 491.5 441.4
Distribution and servicing 66.4 70.3
Advertising and promotion 21.6 24.6
Product-related costs 44.2 42.1
Technology, occupancy, and facility costs 98.1 94.1
General, administrative, and other 73.0 71.7
Total operating expenses 794.8 744.2
Net operating income 532.5 583.8
Non-operating income    
Net gains on investments 100.1 14.4
Net gains on consolidated investment products 101.9 0.8
Other income 0.8 0.9
Total non-operating income 202.8 16.1
Income before income taxes 735.3 599.9
Provision for income taxes 181.3 144.4
Net income 554.0 455.5
Less: net income attributable to redeemable non-controlling interests 41.4 1.8
Net income attributable to T. Rowe Price Group $ 512.6 $ 453.7
Earnings per share on common stock of T. Rowe Price Group    
Basic (in dollars per share) $ 2.11 $ 1.81
Diluted (in dollars per share) $ 2.09 $ 1.77
Investment advisory fees [Member]    
Revenues    
Net revenues $ 1,194.2 $ 1,189.2
Administrative, distribution, and servicing fees [Member]    
Revenues    
Net revenues $ 133.1 $ 138.8