BlackRock Inc
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
BLK$1,222.15+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (in millions, except per share data) | 2025 | 2024 |
| Revenue | ||
| Investment advisory, administration fees and securities lending revenue: | ||
| Related parties | $3,279 | $2,847 |
| Other third parties | 1,122 | 931 |
| Total investment advisory, administration fees and securities lending revenue | 4,401 | 3,778 |
| Investment advisory performance fees | 60 | 204 |
| Technology services and subscription revenue | 436 | 377 |
| Distribution fees | 321 | 310 |
| Advisory and other revenue | 58 | 59 |
| Total revenue | 5,276 | 4,728 |
| Expense | ||
| Employee compensation and benefits | 1,741 | 1,580 |
| Sales, asset and account expense: | ||
| 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 |
| Less: | ||
| 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 | 155.0 | 148.7 |
| Diluted | 156.6 | 150.1 |
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