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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Net revenues $ 6,488.4 $ 7,671.9 $ 6,206.7
Operating expenses      
Compensation and related costs 2,320.8 2,383.0 2,182.4
Distribution and servicing costs 301.5 373.9 278.5
Advertising and promotion 97.3 100.2 83.7
Product and recordkeeping related costs 300.1 236.3 155.5
Technology, occupancy, and facility costs 560.5 484.9 444.8
General, administrative, and other 412.2 383.6 316.1
Change in fair value of contingent consideration (161.2) 0.0 0.0
Acquisition-related amortization and impairment costs 283.5 0.0 0.0
Total operating expenses 4,114.7 3,961.9 3,461.0
Net operating income 2,373.7 3,710.0 2,745.7
Non-operating income (loss)      
Net gains (losses) on investments (204.7) 215.8 246.8
Net gains (losses) on consolidated investment products (203.5) 74.7 251.7
Other losses (17.3) (5.9) (2.0)
Total non-operating income (loss) (425.5) 284.6 496.5
Income before income taxes 1,948.2 3,994.6 3,242.2
Provision for income taxes 498.6 896.1 718.9
Net income 1,449.6 3,098.5 2,523.3
Less: net income (loss) attributable to redeemable non-controlling interests (108.3) 15.6 150.6
Net income attributable to T. Rowe Price Group $ 1,557.9 $ 3,082.9 $ 2,372.7
Earnings per share on common stock of T. Rowe Price Group      
Basic (in dollars per share) $ 6.73 $ 13.25 $ 10.08
Diluted (in dollars per share) $ 6.70 $ 13.12 $ 9.98
Investment advisory fees      
Revenues      
Net revenues $ 5,969.1 $ 7,098.1 $ 5,693.1
Capital allocation-based income      
Revenues      
Net revenues (54.3) 0.0 0.0
Administrative, distribution, and servicing fees      
Revenues      
Net revenues $ 573.6 $ 573.8 $ 513.6