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CONSOLIDATED INVESTMENT PRODUCTS - Operating Results (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Condensed Income Statements, Captions [Line Items] |  |  |  |
Operating expenses reflected in net operating income | $ (1,245.0) | $ (1,168.6) | $ (2,412.6) | $ (2,332.2)
Income before income taxes | 713.8 | 645.0 | 1,380.8 | 1,420.5
Net income (loss) attributable to redeemable non-controlling interests | 50.9 | 1.9 | 65.5 | 21.5
Consolidated T. Rowe Price investment products |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
Income before income taxes | 76.2 | 5.9 | 105.6 | 75.9
Net income (loss) attributable to T. Rowe Price Group, Inc. | 25.3 | 4.0 | 40.1 | 54.4
Net income (loss) attributable to redeemable non-controlling interests | 50.9 | 1.9 | 65.5 | 21.5
Consolidated T. Rowe Price investment products | Reportable entities |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
Operating expenses reflected in net operating income | (2.4) | (2.6) | (4.9) | (4.9)
Net investment income (loss) reflected in non-operating income (loss) | 78.6 | 8.5 | 110.5 | 80.8
Income before income taxes | 76.2 | 5.9 | 105.6 | 75.9
Voting interest entities |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
Income before income taxes | 2.3 | (4.4) | 17.2 | 28.2
Net income (loss) attributable to T. Rowe Price Group, Inc. | 2.2 | (3.0) | 12.4 | 22.8
Net income (loss) attributable to redeemable non-controlling interests | 0.1 | (1.4) | 4.8 | 5.4
Voting interest entities | Reportable entities |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
Operating expenses reflected in net operating income | (0.1) | (0.7) | (0.3) | (1.5)
Net investment income (loss) reflected in non-operating income (loss) | 2.4 | (3.7) | 17.5 | 29.7
Income before income taxes | 2.3 | (4.4) | 17.2 | 28.2
Variable interest entities |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
Income before income taxes | 73.9 | 10.3 | 88.4 | 47.7
Net income (loss) attributable to T. Rowe Price Group, Inc. | 23.1 | 7.0 | 27.7 | 31.6
Net income (loss) attributable to redeemable non-controlling interests | 50.8 | 3.3 | 60.7 | 16.1
Variable interest entities | Reportable entities |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
Operating expenses reflected in net operating income | (2.3) | (1.9) | (4.6) | (3.4)
Net investment income (loss) reflected in non-operating income (loss) | 76.2 | 12.2 | 93.0 | 51.1
Income before income taxes | $ 73.9 | $ 10.3 | $ 88.4 | $ 47.7

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