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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Net revenues $ 1,395.2 $ 1,345.0 $ 2,722.5 $ 2,673.0
Operating expenses        
Compensation and related costs 483.2 456.0 974.7 897.4
Distribution and servicing 64.4 71.6 130.8 141.9
Advertising and promotion 19.8 19.0 41.4 43.6
Product-related costs 33.4 37.1 77.6 79.2
Technology, occupancy, and facility costs 104.9 93.2 203.0 187.3
General, administrative, and other 74.4 73.4 147.4 145.1
Total operating expenses 780.1 750.3 1,574.9 1,494.5
Net operating income 615.1 594.7 1,147.6 1,178.5
Non-operating income        
Net gains on investments 61.8 17.4 161.9 31.8
Net gains on consolidated investment products 62.8 19.1 164.7 19.9
Other income (loss) (0.1) (2.4) 0.7 (1.5)
Total non-operating income 124.5 34.1 327.3 50.2
Income before income taxes 739.6 628.8 1,474.9 1,228.7
Provision for income taxes 183.7 169.2 365.0 313.6
Net income 555.9 459.6 1,109.9 915.1
Less: net income attributable to redeemable non-controlling interests 28.4 10.7 69.8 12.5
Net income attributable to T. Rowe Price Group $ 527.5 $ 448.9 $ 1,040.1 $ 902.6
Earnings per share on common stock of T. Rowe Price Group        
Basic (in dollars per share) $ 2.18 $ 1.81 $ 4.29 $ 3.62
Diluted (in dollars per share) $ 2.15 $ 1.77 $ 4.23 $ 3.55
Investment advisory fees [Member]        
Revenues        
Net revenues $ 1,270.2 $ 1,214.4 $ 2,464.4 $ 2,403.6
Administrative, distribution, and servicing fees [Member]        
Revenues        
Net revenues $ 125.0 $ 130.6 $ 258.1 $ 269.4