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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Total revenue $ 5,197 $ 4,522 $ 14,730 $ 13,228
Expense        
Employee compensation and benefits 1,578 1,420 4,661 4,276
Distribution and servicing costs 549 526 1,606 1,549
Direct fund expense 379 354 1,075 1,013
Sub-advisory and other 34 28 98 81
Total Sales, Asset and Account Expense, Total 962 908 2,779 2,643
General and administration expense 562 518 1,625 1,506
Amortization and impairment of intangible assets 89 39 166 113
Total expense 3,191 2,885 9,231 8,538
Operating income 2,006 1,637 5,499 4,690
Nonoperating income (expense)        
Net gain (loss) on investments 177 114 510 434
Interest and dividend income 236 139 555 314
Interest expense (154) (82) (372) (210)
Total nonoperating income (expense) 259 171 693 538
Income before income taxes 2,265 1,808 6,192 5,228
Income tax expense 574 213 1,341 1,041
Net income 1,691 1,595 4,851 4,187
Net income (loss) attributable to noncontrolling interests 60 (9) 152 60
Net income attributable to BlackRock, Inc. $ 1,631 $ 1,604 $ 4,699 $ 4,127
Earnings per share attributable to BlackRock, Inc. common stockholders:        
Basic $ 11.02 $ 10.75 $ 31.67 $ 27.6
Diluted $ 10.9 $ 10.66 $ 31.37 $ 27.36
Weighted-average common shares outstanding:        
Basic 148,049,700 149,155,258 148,392,684 149,553,652
Diluted 149,608,575 150,505,143 149,795,958 150,862,023
Investment Advisory, Administration Fees and Securities Lending Revenue [Member]        
Revenue        
Total revenue $ 4,030 $ 3,681 $ 11,683 $ 10,794
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Related Parties [Member]        
Revenue        
Total revenue 3,064 2,765 8,846 8,065
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Other Third Parties [Member]        
Revenue        
Total revenue 966 916 2,837 2,729
Investment Advisory Performance Fees [Member]        
Revenue        
Total revenue 388 70 756 243
Technology Services Revenue [Member]        
Revenue        
Total revenue 403 407 1,175 1,106
Distribution Fees [Member]        
Revenue        
Total revenue 323 321 951 959
Advisory and Other Revenue [Member]        
Revenue        
Total revenue $ 53 $ 43 $ 165 $ 126