BlackRock Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
BLK$1,222.15+0.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
| (in millions, except per share data) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | |||
| Investment advisory, administration fees and securities lending revenue: | |||
| Related parties | $12,050 | $10,757 | $10,848 |
| Other third parties | 4,050 | 3,642 | 3,603 |
| Total investment advisory, administration fees and securities lending revenue | 16,100 | 14,399 | 14,451 |
| Investment advisory performance fees | 1,207 | 554 | 514 |
| Technology services revenue | 1,603 | 1,485 | 1,364 |
| Distribution fees | 1,273 | 1,262 | 1,381 |
| Advisory and other revenue | 224 | 159 | 163 |
| Total revenue | 20,407 | 17,859 | 17,873 |
| Expense | |||
| Employee compensation and benefits | 6,546 | 5,779 | 5,681 |
| Sales, asset and account expense: | |||
| Distribution and servicing costs | 2,171 | 2,051 | 2,179 |
| Direct fund expense | 1,464 | 1,331 | 1,226 |
| Sub-advisory and other | 140 | 116 | 103 |
| Total sales, asset and account expense | 3,775 | 3,498 | 3,508 |
| General and administration expense | 2,221 | 2,095 | 2,057 |
| Restructuring charge | — | 61 | 91 |
| Amortization and impairment of intangible assets | 291 | 151 | 151 |
| Total expense | 12,833 | 11,584 | 11,488 |
| Operating income | 7,574 | 6,275 | 6,385 |
| Nonoperating income (expense) | |||
| Net gain (loss) on investments | 492 | 699 | (35) |
| Interest and dividend income | 767 | 473 | 152 |
| Interest expense | (538) | (292) | (212) |
| Total nonoperating income (expense) | 721 | 880 | (95) |
| Income before income taxes | 8,295 | 7,155 | 6,290 |
| Income tax expense | 1,783 | 1,479 | 1,296 |
| Net income | 6,512 | 5,676 | 4,994 |
| Less: | |||
| Net income (loss) attributable to noncontrolling interests | 143 | 174 | (184) |
| Net income attributable to BlackRock, Inc. | $6,369 | $5,502 | $5,178 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | $42.45 | $36.85 | $34.31 |
| Diluted | $42.01 | $36.51 | $33.97 |
| Weighted-average common shares outstanding: | |||
| Basic | 150.0 | 149.3 | 150.9 |
| Diluted | 151.6 | 150.7 | 152.4 |
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