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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Net revenues $ 1,863.0 $ 1,826.8
Operating expenses    
Compensation and related costs 581.6 583.5
Distribution and servicing 85.9 85.6
Advertising and promotion 23.4 18.9
Product and recordkeeping related costs 80.4 41.0
Technology, occupancy, and facility costs 133.9 117.3
General, administrative, and other 80.4 87.3
Total operating expenses 985.6 933.6
Net operating income 877.4 893.2
Non-operating income (loss)    
Net gains (losses) on investments (89.9) 68.6
Net gains (losses) on consolidated investment products (101.4) 37.2
Other income (loss) (7.2) (3.7)
Total non-operating income (loss) (198.5) 102.1
Income before income taxes 678.9 995.3
Provision for income taxes 164.5 230.5
Net income 514.4 764.8
Less: net income (loss) attributable to redeemable non-controlling interests (53.5) 15.4
Net income attributable to T. Rowe Price Group $ 567.9 $ 749.4
Earnings per share on common stock of T. Rowe Price Group    
Basic (in dollars per share) $ 2.43 $ 3.20
Diluted (in dollars per share) $ 2.41 $ 3.17
Investment advisory fees    
Revenues    
Net revenues $ 1,662.1 $ 1,687.8
Capital allocation-based income    
Revenues    
Net revenues 44.4 0.0
Administrative, distribution, and servicing fees    
Revenues    
Net revenues $ 156.5 $ 139.0