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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Net revenues $ 1,537.6 $ 1,863.0
Operating expenses    
Compensation and related costs 653.5 581.6
Distribution and servicing 71.5 85.9
Advertising and promotion 25.8 23.4
Product and recordkeeping related costs 72.1 80.4
Technology, occupancy, and facility costs 146.6 133.9
General, administrative, and other 107.5 98.8
Change in fair value of contingent consideration (49.6) (45.5)
Acquisition-related amortization 26.0 27.1
Total operating expenses 1,053.4 985.6
Net operating income 484.2 877.4
Non-operating income (loss)    
Net gains (losses) on investments 93.9 (89.9)
Net gains (losses) on consolidated investment products 45.4 (101.4)
Other losses (3.9) (7.2)
Total non-operating income (loss) 135.4 (198.5)
Income before income taxes 619.6 678.9
Provision for income taxes 177.9 164.5
Net income 441.7 514.4
Less: net income (loss) attributable to redeemable non-controlling interests 20.2 (53.5)
Net income attributable to T. Rowe Price Group $ 421.5 $ 567.9
Earnings per share on common stock of T. Rowe Price Group    
Basic (in dollars per share) $ 1.83 $ 2.43
Diluted (in dollars per share) $ 1.83 $ 2.41
Investment advisory fees    
Revenues    
Net revenues $ 1,391.8 $ 1,662.1
Capital allocation-based income    
Revenues    
Net revenues 16.9 44.4
Administrative, distribution, and servicing fees    
Revenues    
Net revenues $ 128.9 $ 156.5