BlackRock, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
View on SEC.govAbout this filing
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.
Sep 30, 2026 · Filed Nov 4, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Changes in Equity
For the Nine Months Ended September 30, 2026
| AdditionalPaid-inCapital(1) · RetainedEarnings · AccumulatedOtherComprehensiveIncome (Loss) · TreasuryStockCommon · TotalBlackRockStockholders’Equity · TotalPermanentEquity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Nonredeemable · Redeemable / Temporary Equity | ||||||||||
| (in millions, except per share data) · NCI - CIPs · NCI - Subco · NCI - CIPs · NCI - Subco | ||||||||||
| December 31, 2025 | $19,750 | $37,899 | $(545) | $(1,216) | $55,888 | $227 | $— | $56,115 | $2,636 | $2,791 |
| Net income | — | 5,785 | — | — | 5,785 | 12 | 80 | 5,877 | 210 | 201 |
| Dividends/distributions declared ($17.19 per share/Subco Unit) | — | (2,708) | — | — | (2,708) | — | (43) | (2,751) | — | (86) |
| Reclassification - expiration of HPS cash settlement provision(2) | — | — | — | — | — | — | 5,408 | 5,408 | — | (2,828) |
| Stock-based compensation | 911 | — | — | — | 911 | — | — | 911 | — | — |
| Issuance of common shares related to employee stock transactions | (939) | — | — | 1,088 | 149 | — | — | 149 | — | — |
| Employee tax withholdings related to employee stock transactions | — | — | — | (389) | (389) | — | — | (389) | — | — |
| Shares/Subco Units repurchased | (111) | — | — | (1,287) | (1,398) | — | — | (1,398) | — | (52) |
| Subscriptions (redemptions/distributions) — noncontrolling interest holders | — | — | — | — | — | 93 | — | 93 | 3,709 | — |
| Net consolidations (deconsolidations) of sponsored investment funds | — | — | — | — | — | 22 | — | 22 | (2,705) | — |
| Other comprehensive income (loss) | — | — | (138) | — | (138) | — | — | (138) | — | — |
| Change in BlackRock, Inc.'s ownership interest | 28 | — | 3 | — | 31 | — | (5) | 26 | — | (26) |
| September 30, 2026 | $19,639 | $40,976 | $(680) | $(1,804) | $58,131 | $354 | $5,440 | $63,925 | $3,850 | $— |
(1)
Amounts include $2 million of common stock at both September 30, 2026 and December 31, 2025.
(2)
Amounts include reclassifications in connection with the acquisition of HPS Investment Partners ("HPS") on July 1, 2025 ("the HPS Transaction"), consisting of (i) the reclassification of $2.8 billion of NCI - Subco from temporary equity (redeemable NCI) to permanent equity (nonredeemable NCI), and (ii) the reclassification to NCI - Subco (nonredeemable) of a portion of a contingent consideration liability ($2.6 billion as of July 1, 2026), settleable in Subco Units and subject to the achievement of certain conditions. The reclassifications resulted from the July 1, 2026 expiration of a contractual provision that could have required cash settlement of the Subco Units. See Note 2, Significant Accounting Policies, Note 8, Fair Value Disclosures, and Note 15, Commitments and Contingencies, for additional information on the contingent consideration related to HPS.
For the Three Months Ended September 30, 2026
| AdditionalPaid-inCapital(1) · RetainedEarnings · AccumulatedOtherComprehensiveIncome (Loss) · TreasuryStockCommon · TotalBlackRockStockholders’Equity · TotalPermanentEquity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Nonredeemable · Redeemable / Temporary Equity | ||||||||||
| (in millions, except per share data) · NCI - CIPs · NCI - Subco · NCI - CIPs · NCI - Subco | ||||||||||
| June 30, 2026 | $19,416 | $40,205 | $(653) | $(1,355) | $57,613 | $227 | $— | $57,840 | $3,872 | $2,828 |
| Net income | — | 1,659 | — | — | 1,659 | 5 | 80 | 1,744 | 176 | — |
| Dividends/distributions declared ($5.73 per share/Subco Unit) | — | (888) | — | — | (888) | — | (43) | (931) | — | — |
| Reclassification - expiration of HPS cash settlement provision(2) | — | — | — | — | — | — | 5,408 | 5,408 | — | (2,828) |
| Stock-based compensation | 290 | — | — | — | 290 | — | — | 290 | — | — |
| Issuance of common shares related to employee stock transactions | (72) | — | — | 119 | 47 | — | — | 47 | — | — |
| Employee tax withholdings related to employee stock transactions | — | — | — | (18) | (18) | — | — | (18) | — | — |
| Shares/Subco Units repurchased | — | — | — | (550) | (550) | — | — | (550) | — | — |
| Subscriptions (redemptions/distributions) — noncontrolling interest holders | — | — | — | — | — | 100 | — | 100 | 1,166 | — |
| Net consolidations (deconsolidations) of sponsored investment funds | — | — | — | — | — | 22 | — | 22 | (1,364) | — |
| Other comprehensive income (loss) | — | — | (27) | — | (27) | — | — | (27) | — | — |
| Change in BlackRock, Inc.'s ownership interest | 5 | — | — | — | 5 | — | (5) | — | — | — |
| September 30, 2026 | $19,639 | $40,976 | $(680) | $(1,804) | $58,131 | $354 | $5,440 | $63,925 | $3,850 | $— |
(1)
Amounts include $2 million of common stock at both September 30, 2026 and June 30, 2026.
(2)
Amounts include reclassifications in connection with the HPS Transaction, consisting of (i) the reclassification of $2.8 billion of NCI - Subco from temporary equity (redeemable NCI) to permanent equity (nonredeemable NCI), and (ii) the reclassification to NCI - Subco (nonredeemable) of a portion of a contingent consideration liability ($2.6 billion as of July 1, 2026), settleable in Subco Units and subject to the achievement of certain conditions. The reclassifications resulted from the July 1, 2026 expiration of a contractual provision that could have required cash settlement of the Subco Units. See Note 2, Significant Accounting Policies, Note 8, Fair Value Disclosures, and Note 15, Commitments and Contingencies, for additional information on the contingent consideration related to HPS.
Condensed Consolidated Statements of Changes in Equity
For the Nine Months Ended September 30, 2025
| (in millions, except per share data) | AdditionalPaid-inCapital(1) | RetainedEarnings | AccumulatedOtherComprehensiveIncome (Loss) | TreasuryStockCommon | TotalBlackRockStockholders’Equity | NonredeemableNCI - CIPs | TotalPermanentEquity | RedeemableNCI /TemporaryEquity - CIPs | RedeemableNCI /TemporaryEquity - Subco |
|---|---|---|---|---|---|---|---|---|---|
| December 31, 2024 | $13,448 | $35,611 | $(1,178) | $(386) | $47,495 | $169 | $47,664 | $1,691 | $— |
| Net income | — | 4,426 | — | — | 4,426 | — | 4,426 | 211 | 70 |
| Dividends/distributions declared ($15.63 per share/Subco Unit) | — | (2,456) | — | — | (2,456) | — | (2,456) | — | (41) |
| Stock-based compensation | 886 | — | — | — | 886 | — | 886 | — | — |
| Issuance of common shares related to employee stock transactions | (119) | — | — | 293 | 174 | — | 174 | — | — |
| Employee tax withholdings related to employee stock transactions | — | — | — | (312) | (312) | — | (312) | — | — |
| Issuance of Subco Units/common shares in connection with acquisitions | 5,734 | — | — | — | 5,734 | — | 5,734 | — | 2,981 |
| Shares/Subco Units repurchased | (257) | — | — | (750) | (1,007) | — | (1,007) | — | (118) |
| Subscriptions (redemptions/distributions) — noncontrolling interest holders | — | — | — | — | — | 2 | 2 | 2,998 | — |
| Net consolidations (deconsolidations) of sponsored investment funds | — | — | — | — | — | 45 | 45 | (1,684) | — |
| Other comprehensive income (loss) | — | — | 620 | — | 620 | — | 620 | — | — |
| Other | (41) | — | — | — | (41) | — | (41) | — | 12 |
| September 30, 2025 | $19,651 | $37,581 | $(558) | $(1,155) | $55,519 | $216 | $55,735 | $3,216 | $2,904 |
(1)
Amounts include $2 million of common stock at both September 30, 2025 and December 31, 2024.
For the Three Months Ended September 30, 2025
| (in millions, except per share data) | AdditionalPaid-inCapital(1) | RetainedEarnings | AccumulatedOtherComprehensiveIncome (Loss) | TreasuryStockCommon | TotalBlackRockStockholders’Equity | NonredeemableNCI - CIPs | TotalPermanentEquity | RedeemableNCI /TemporaryEquity - CIPs | RedeemableNCI /TemporaryEquity - Subco |
|---|---|---|---|---|---|---|---|---|---|
| June 30, 2025 | $13,873 | $37,068 | $(515) | $(1,285) | $49,141 | $165 | $49,306 | $2,296 | $— |
| Net income | — | 1,323 | — | — | 1,323 | 2 | 1,325 | 132 | 70 |
| Dividends/distributions declared ($5.21 per share/Subco Unit) | — | (810) | — | — | (810) | — | (810) | — | (41) |
| Stock-based compensation | 419 | — | — | — | 419 | — | 419 | — | — |
| Issuance of common shares related to employee stock transactions | (77) | — | — | 139 | 62 | — | 62 | — | — |
| Employee tax withholdings related to employee stock transactions | — | — | — | (9) | (9) | — | (9) | — | — |
| Issuance of Subco Units/common shares in connection with acquisitions | 5,734 | — | — | — | 5,734 | — | 5,734 | — | 2,981 |
| Shares/Subco Units repurchased | (257) | — | — | — | (257) | — | (257) | — | (118) |
| Subscriptions (redemptions/distributions) — noncontrolling interest holders | — | — | — | — | — | 4 | 4 | 1,280 | — |
| Net consolidations (deconsolidations) of sponsored investment funds | — | — | — | — | — | 45 | 45 | (492) | — |
| Other comprehensive income (loss) | — | — | (43) | — | (43) | — | (43) | — | — |
| Other | (41) | — | — | — | (41) | — | (41) | — | 12 |
| September 30, 2025 | $19,651 | $37,581 | $(558) | $(1,155) | $55,519 | $216 | $55,735 | $3,216 | $2,904 |
(1)
Amounts include $2 million of common stock at both September 30, 2025 and June 30, 2025.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.