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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Net revenues $ 1,426.7 $ 1,394.6 $ 4,149.2 $ 4,067.6
Operating expenses        
Compensation and related costs 466.3 454.3 1,441.0 1,351.7
Distribution and servicing 64.5 71.4 195.3 213.3
Advertising and promotion 17.1 20.2 58.5 63.8
Product-related costs 38.0 37.9 115.6 117.1
Technology, occupancy, and facility costs 106.5 96.5 309.5 283.8
General, administrative, and other 75.2 73.7 222.6 218.8
Total operating expenses 767.6 754.0 2,342.5 2,248.5
Net operating income 659.1 640.6 1,806.7 1,819.1
Non-operating income        
Net gains on investments 32.1 116.1 194.0 147.9
Net gains on consolidated investment products 11.6 8.7 176.3 28.6
Other income (loss) (0.7) 0.1 0.0 (1.4)
Total non-operating income 43.0 124.9 370.3 175.1
Income before income taxes 702.1 765.5 2,177.0 1,994.2
Provision for income taxes 157.0 183.9 522.0 497.5
Net income 545.1 581.6 1,655.0 1,496.7
Less: net income (loss) attributable to redeemable non-controlling interests (0.8) (1.4) 69.0 11.1
Net income attributable to T. Rowe Price Group $ 545.9 $ 583.0 $ 1,586.0 $ 1,485.6
Earnings per share on common stock of T. Rowe Price Group        
Basic (in dollars per share) $ 2.26 $ 2.34 $ 6.55 $ 5.97
Diluted (in dollars per share) $ 2.23 $ 2.30 $ 6.47 $ 5.85
Investment advisory fees [Member]        
Revenues        
Net revenues $ 1,303.4 $ 1,263.3 $ 3,767.8 $ 3,666.9
Administrative, distribution, and servicing fees [Member]        
Revenues        
Net revenues $ 123.3 $ 131.3 $ 381.4 $ 400.7