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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Net revenues $ 1,723.3 $ 1,733.3 $ 3,487.2 $ 3,483.5
Operating expenses        
Compensation and related costs 727.7 661.1 1,392.2 1,370.1
Distribution and servicing 92.5 87.7 186.1 169.6
Advertising and promotion 29.9 33.3 56.0 58.6
Product and recordkeeping related costs 74.8 73.0 158.6 148.0
Technology, occupancy, and facility costs 179.4 160.9 347.0 310.8
General, administrative, and other 109.5 108.7 212.8 201.3
Acquisition-related amortization and impairment costs 31.2 43.9 59.9 73.8
Total operating expenses 1,245.0 1,168.6 2,412.6 2,332.2
Net operating income 478.3 564.7 1,074.6 1,151.3
Non-operating income (loss)        
Net gains (losses) on investments 165.9 78.0 197.8 199.5
Net gains (losses) on consolidated investment products 78.6 8.5 110.5 80.8
Other gains (losses), including foreign currency gains (losses) (9.0) (6.2) (2.1) (11.1)
Total non-operating income (loss) 235.5 80.3 306.2 269.2
Income before income taxes 713.8 645.0 1,380.8 1,420.5
Provision for income taxes 157.7 159.7 319.6 341.8
Net income 556.1 485.3 1,061.2 1,078.7
Less: net income (loss) attributable to redeemable non-controlling interests 50.9 1.9 65.5 21.5
Net income attributable to T. Rowe Price Group, Inc. $ 505.2 $ 483.4 $ 995.7 $ 1,057.2
Earnings per share on common stock of T. Rowe Price Group, Inc.        
Basic (in dollars per share) $ 2.24 $ 2.11 $ 4.39 $ 4.61
Diluted (in dollars per share) $ 2.24 $ 2.11 $ 4.38 $ 4.60
Investment advisory fees        
Revenues        
Net revenues $ 1,567.6 $ 1,568.8 $ 3,166.0 $ 3,105.2
Performance-based advisory fees        
Revenues        
Net revenues 6.4 16.8 16.8 34.4
Capital allocation-based income        
Revenues        
Net revenues (0.4) 0.1 (1.6) 47.2
Administrative, distribution, services, and other fees        
Revenues        
Net revenues $ 149.7 $ 147.6 $ 306.0 $ 296.7