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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Net revenues $ 6,460.5 $ 6,488.4 $ 7,671.9 CloseClose
Operating expenses      
Compensation and related costs 2,673.5 2,320.8 2,383.0
Distribution and servicing costs 289.9 301.5 373.9
Advertising and promotion 114.2 97.3 100.2
Product and recordkeeping related costs 291.0 300.1 236.3
Technology, occupancy, and facility costs 632.6 560.5 484.9
General, administrative, and other $ 421.3 412.2 383.6
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Change in fair value of contingent consideration    
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration] Acquisition-related amortization and impairment costs    
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration] Acquisition-related amortization and impairment costs    
Change in fair value of contingent consideration $ (82.4) (161.2) 0.0
Acquisition-related amortization and impairment costs 134.2 283.5 0.0
Total operating expenses 4,474.3 4,114.7 3,961.9 CloseClose
Net operating income 1,986.2 2,373.7 3,710.0 CloseClose
Non-operating income (loss)       Close
Net gains (losses) on investments 355.2 (204.7) 215.8 Close
Net gains (losses) on consolidated investment products 164.6 (203.5) 74.7 Close
Other losses (15.7) (17.3) (5.9) Close
Total non-operating income (loss) 504.1 (425.5) 284.6 CloseClose
Total Other Income Expenses 1008.2 -851.0 569.2 0 0 Close Close
Income before income taxes 2,490.3 1,948.2 3,994.6 CloseCloseClose
Provision for income taxes 654.6 498.6 896.1 CloseClose
Net income 1,835.7 1,449.6 3,098.5 Close
Less: net income (loss) attributable to redeemable non-controlling interests 47.0 (108.3) 15.6
Net income attributable to T. Rowe Price Group $ 1,788.7 $ 1,557.9 $ 3,082.9
Earnings per share on common stock of T. Rowe Price Group      
Basic (in dollars per share) $ 7.78 $ 6.73 $ 13.25
Diluted (in dollars per share) $ 7.76 $ 6.70 $ 13.12
Investment advisory fees      
Revenues      
Net revenues $ 5,747.7 $ 5,969.1 $ 7,098.1
Capital allocation-based income      
Revenues      
Net revenues 161.9 (54.3) 0.0
Administrative, distribution, and servicing fees      
Revenues      
Net revenues $ 550.9 $ 573.6 $ 573.8