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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Net revenues $ 1,750.2 $ 1,537.6 Close
Operating expenses    
Compensation and related costs 709.0 653.5
Distribution and servicing 81.9 71.5
Advertising and promotion 25.3 25.8
Product and recordkeeping related costs 75.0 72.1
Technology, occupancy, and facility costs 149.9 146.6
General, administrative, and other 92.6 107.5
Change in fair value of contingent consideration 0.0 (49.6)
Acquisition-related amortization and impairment costs 29.9  
Total operating expenses 1,163.6 1,053.4 Close
Net operating income 586.6 484.2
Non-operating income (loss)    
Net gains (losses) on investments 121.5 93.9
Net gains (losses) on consolidated sponsored investment products 72.3 45.4
Other gains (losses), including foreign currency gains (losses) (4.9) (3.9)
Total non-operating income (loss) 188.9 135.4 Close
Income before income taxes 775.5 619.6 Close
Provision for income taxes 182.1 177.9 Close
Net income 593.4 441.7 Close
Less: net income (loss) attributable to redeemable non-controlling interests 19.6 20.2
Net income attributable to T. Rowe Price Group $ 573.8 $ 421.5
Earnings per share on common stock of T. Rowe Price Group    
Basic (in dollars per share) $ 2.50 $ 1.83
Diluted (in dollars per share) $ 2.49 $ 1.83
Investment advisory fees    
Revenues    
Net revenues $ 1,554.0 $ 1,391.8
Capital allocation-based income    
Revenues    
Net revenues 47.1 16.9
Administrative, distribution, and servicing fees    
Revenues    
Net revenues $ 149.1 $ 128.9