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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue    
Total revenue $ 5,276 $ 4,728
Expense    
Employee compensation and benefits 1,741 1,580
Distribution and servicing costs 570 518
Direct fund expense 392 338
Sub-advisory and other 47 32
Total sales, asset and account expense 1,009 888
General and administration expense 711 529
Amortization of intangible assets 117 38
Total expense 3,578 3,035
Operating income 1,698 1,693
Nonoperating income (expense)    
Net gain (loss) on investments 58 171
Interest and dividend income 173 141
Interest expense (166) (92)
Total nonoperating income (expense) 65 220
Income before income taxes 1,763 1,913
Income tax expense 248 290
Net income 1,515 1,623
Net income (loss) attributable to noncontrolling interests 5 50
Net income attributable to BlackRock, Inc. $ 1,510 $ 1,573
Earnings per share attributable to BlackRock, Inc. common stockholders:    
Basic $ 9.74 $ 10.58
Diluted $ 9.64 $ 10.48
Weighted-average common shares outstanding:    
Basic 155,038,772 148,689,172
Diluted 156,632,023 150,125,182
Investment Advisory, Administration Fees and Securities Lending Revenue [Member]    
Revenue    
Total revenue [1],[2] $ 4,401 $ 3,778
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Related Parties [Member]    
Revenue    
Total revenue 3,279 2,847
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Other Third Parties [Member]    
Revenue    
Total revenue 1,122 931
Investment Advisory Performance Fees [Member]    
Revenue    
Total revenue 60 204
Technology Services and Subscription Revenue [Member]    
Revenue    
Total revenue 436 377
Distribution Fees [Member]    
Revenue    
Total revenue 321 310
Advisory and Other Revenue [Member]    
Revenue    
Total revenue $ 58 $ 59
[1] Amounts include $157 million and $151 million of securities lending revenue for the three months ended March 31, 2025 and 2024, respectively.
[2] Beginning in the first quarter of 2025, BlackRock reclassified the presentation of the Company's investment advisory, administration fees and securities lending revenue line items to align with the updated presentation of the Company's AUM line items. Such line items have been reclassified for 2024 to conform to this new presentation. See page 11 of Exhibit 99.2 to the Current Report on Form 8-K furnished on April 11, 2025 for the reclassified presentation of the 2024 investment advisory, administration fees and securities lending revenue line items.