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Variable Interest Entities (Tables)
3 Months Ended
Mar. 31, 2025
Variable Interest Entity, Not Primary Beneficiary [Member]  
Variable Interest Entity [Line Items]  
Schedule of VIE Assets and Liabilities At March 31, 2025 and December 31, 2024, the Company’s carrying value of assets and liabilities included on the condensed consolidated statements of financial condition pertaining to nonconsolidated VIEs and its maximum risk of loss related to VIEs in which it held a variable interest, but for which it was not the primary beneficiary, was as follows:

 

 

 

 

Advisory Fee

 

 

Other Net Assets

 

 

Maximum

 

(in millions)

Investments

 

Receivables

 

(Liabilities)

 

Risk of Loss(1)

 

March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 Sponsored investment
   products

$

2,499

 

$

137

 

$

(11

)

$

2,652

 

December 31, 2024

 

 

 

 

 Sponsored investment
   products

$

2,330

 

$

158

 

$

(11

)

$

2,505

 

 

(1)
At both March 31, 2025 and December 31, 2024, BlackRock’s maximum risk of loss associated with these VIEs primarily related to BlackRock’s investments and the collection of receivables.