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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Net revenues $ 1,588.2 $ 1,954.1 $ 4,964.2 $ 5,710.2
Operating expenses        
Compensation and related costs 588.1 564.6 1,633.1 1,751.9
Distribution and servicing 69.9 96.0 231.5 274.3
Advertising and promotion 24.3 22.1 69.1 61.4
Product and recordkeeping related costs 75.6 70.3 232.3 154.6
Technology, occupancy, and facility costs 143.6 123.1 411.8 359.7
General, administrative, and other 112.1 81.8 265.8 260.8
Total operating expenses 1,013.6 957.9 2,843.6 2,862.7
Net operating income 574.6 996.2 2,120.6 2,847.5
Non-operating income (loss)        
Net gains (losses) on investments (41.5) 8.7 (301.3) 165.0
Net gains (losses) on consolidated investment products (41.7) (17.1) (247.7) 75.7
Other income (loss) 0.4 (3.1) (12.2) (6.2)
Total non-operating income (loss) (82.8) (11.5) (561.2) 234.5
Income before income taxes 491.8 984.7 1,559.4 3,082.0
Provision for income taxes 134.0 227.3 399.4 717.1
Net income 357.8 757.4 1,160.0 2,364.9
Less: net income (loss) attributable to redeemable non-controlling interests (26.6) (19.8) (131.9) 22.6
Net income attributable to T. Rowe Price Group $ 384.4 $ 777.2 $ 1,291.9 $ 2,342.3
Earnings per share on common stock of T. Rowe Price Group        
Basic (in dollars per share) $ 1.67 $ 3.34 $ 5.57 $ 10.04
Diluted (in dollars per share) $ 1.66 $ 3.31 $ 5.54 $ 9.94
Investment advisory fees        
Revenues        
Net revenues $ 1,442.0 $ 1,813.4 $ 4,600.8 $ 5,288.4
Capital allocation-based income        
Revenues        
Net revenues 1.1 0.0 (80.8) 0.0
Administrative, distribution, and servicing fees        
Revenues        
Net revenues $ 145.1 $ 140.7 $ 444.2 $ 421.8