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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Net revenues $ 7,671.9 $ 6,206.7 $ 5,617.9
Operating expenses      
Compensation and related costs 2,383.0 2,182.4 1,969.2
Distribution and servicing costs 373.9 278.5 262.5
Advertising and promotion 100.2 83.7 96.8
Product and recordkeeping related costs 236.3 155.5 153.2
Technology, occupancy, and facility costs 484.9 444.8 427.3
General, administrative, and other 383.6 316.1 321.9
Total operating expenses 3,961.9 3,461.0 3,230.9
Net operating income 3,710.0 2,745.7 2,387.0
Non-operating income      
Net gains on investments 215.8 246.8 260.4
Net gains (losses) on consolidated investment products 74.7 251.7 272.9
Other income (loss) (5.9) (2.0) 7.0
Total non-operating income 284.6 496.5 540.3
Income before income taxes 3,994.6 3,242.2 2,927.3
Provision for income taxes 896.1 718.9 678.4
Net income 3,098.5 2,523.3 2,248.9
Less: net income (loss) attributable to redeemable non-controlling interests 15.6 150.6 117.6
Net income attributable to T. Rowe Price Group $ 3,082.9 $ 2,372.7 $ 2,131.3
Earnings per share on common stock of T. Rowe Price Group      
Basic (in dollars per share) $ 13.25 $ 10.08 $ 8.82
Diluted (in dollars per share) $ 13.12 $ 9.98 $ 8.70
Investment advisory fees      
Revenues      
Net revenues $ 7,098.1 $ 5,693.1 $ 5,112.5
Administrative, distribution, and servicing fees      
Revenues      
Net revenues $ 573.8 $ 513.6 $ 505.4