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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Net revenues $ 1,763.9 $ 1,750.2
Operating expenses    
Compensation and related costs 664.5 709.0
Distribution and servicing 93.6 81.9
Advertising and promotion 26.1 25.3
Product and recordkeeping related costs 83.8 75.0
Technology, occupancy, and facility costs 167.6 149.9
General, administrative, and other 103.3 92.6
Acquisition-related amortization and impairment costs 28.7 29.9
Total operating expenses 1,167.6 1,163.6
Net operating income 596.3 586.6
Non-operating income (loss)    
Net gains (losses) on investments 31.9 121.5
Net gains (losses) on consolidated investment products 31.9 72.3
Other gains (losses), including foreign currency gains (losses) 6.9 (4.9)
Total non-operating income (loss) 70.7 188.9
Income before income taxes 667.0 775.5
Provision for income taxes 161.9 182.1
Net income 505.1 593.4
Less: net income (loss) attributable to redeemable non-controlling interests 14.6 19.6
Net income attributable to T. Rowe Price Group, Inc. $ 490.5 $ 573.8
Earnings per share on common stock of T. Rowe Price Group, Inc.    
Basic (in dollars per share) $ 2.15 $ 2.50
Diluted (in dollars per share) $ 2.15 $ 2.49
Investment advisory fees    
Revenues    
Net revenues $ 1,598.4 $ 1,536.4
Performance-based advisory fees    
Revenues    
Net revenues 10.4 17.6
Capital allocation-based income    
Revenues    
Net revenues (1.2) 47.1
Administrative, distribution, services, and other fees    
Revenues    
Net revenues $ 156.3 $ 149.1