Earnings Per Share

3 Months Ended

Mar. 31, 2025

22. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the three months ended March 31, 2025 and 2024 under the treasury stock method:


	Three Months Ended
	March 31,
(in millions, except shares and per share data)	2025		2024
Net income attributable to BlackRock, Inc.	$	1,510	$	1,573
Basic weighted-average shares outstanding		155,038,772		148,689,172
Dilutive effect of:
Nonparticipating RSUs		1,111,006		944,335
Stock options		482,245		491,675
Total diluted weighted-average shares outstanding		156,632,023		150,125,182
Basic earnings per share	$	9.74	$	10.58
Diluted earnings per share	$	9.64	$	10.48

The amount of anti-dilutive RSUs was immaterial for three months ended March 31, 2025. For the three months ended March 31, 2024, 338,300 shares primarily related to stock options were excluded from the calculation of diluted EPS because to include them would have an anti-dilutive effect. Certain performance-based RSUs for the three months ended March 31, 2025, and certain performance-based RSUs and options for the three months ended March 31, 2024 were excluded from the diluted EPS calculation because the designated contingencies were not met.