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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2025
Business Acquisition [Line Items] |
Summary of Finite Lived Intangible Assets Weighted Average Remaining Useful Life of Remaining Amortization Expense | Estimated amortization expense for finite-lived intangible assets for each of the five succeeding years is as follows:
(in millions) |  |  |
Year |  | Amount |
2026 |  | $ | 1,104 |
2027 |  |  | 1,038 |
2028 |  |  | 927 |
2029 |  |  | 852 |
2030 |  |  | 809 |
Global Infrastructure Management, LLC [Member] |
Business Acquisition [Line Items] |
Summary of Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for GIP and the fair values of the assets acquired and liabilities assumed recognized at the acquisition date:
(in millions) |  | Fair Value |
Finite-lived intangible assets: |  |  |
Management contracts(1) |  | $ | 1,840 |
Investor relationships(1) |  |  | 820 |
Trade name(2) |  |  | 80 |
Goodwill |  |  | 10,278 |
Operating lease ROU assets |  |  | 75 |
Other assets |  |  | 116 |
Accrued compensation and benefits |  |  | (154 | )
Operating lease liabilities |  |  | (96 | )
Other liabilities assumed |  |  | (10 | )
Total consideration, net of cash acquired |  | $ | 12,949 |
Summary of consideration, net of cash acquired: |  |  |
Cash paid |  | $ | 2,913 |
Cash acquired |  |  | (68 | )
Closing stock consideration at fair value |  |  | 5,904 |
Deferred stock consideration at fair value |  |  | 4,200 |
Total consideration, net of cash acquired |  | $ | 12,949 |
(1) The fair value for management contracts and investor relationships was determined based on a discounted cash flow analysis (Level 3 inputs), have weighted-average estimated useful lives of approximately 8 years and 14 years, respectively, and are amortized based on their expected pattern of economic benefit. (2) The fair value was determined based upon a relief from royalty method (Level 3 inputs), has a weighted-average estimated useful life of approximately 10 years and is amortized based on its expected pattern of economic benefit.
Summary of Business Acquisition, Pro Forma Information Combined Results of Operations | The following unaudited pro forma information presents combined results of operations of the Company as if the GIP Transaction and HPS Transaction had occurred on January 1, 2023 and January 1, 2024, respectively. The unaudited pro forma financial information is not indicative of the actual results of operations that would have been achieved nor is it indicative of future results of operations of the combined Company. The pro forma combined provision for income taxes may not represent the amount that would have resulted had BlackRock, GIP and HPS filed consolidated tax returns during the years presented.
(Unaudited) (in millions) |  | 2025(1) |  |  | 2024 |
Total revenue |  | $ | 24,984 |  |  | $ | 22,479 |
Net income attributable to BlackRock, Inc. |  | $ | 5,645 |  |  | $ | 5,469 |
(1) Subsequent to the closing of the HPS Transaction on July 1, 2025, HPS contributed approximately $900 million of revenue and $230 million of net income.
HPS Investment Partners [Member] |
Business Acquisition [Line Items] |
Summary of Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for HPS and the fair values of the assets acquired and liabilities assumed recognized at the acquisition date:
(in millions) |  | Fair Value Estimate |
Investments |  | $ | 1,972 |
Finite-lived intangible assets: |  |  |
Management contracts(1) |  |  | 2,660 |
Investor relationships(1) |  |  | 965 |
Indefinite-lived intangible assets - management contracts(2) |  |  | 3,000 |
Goodwill |  |  | 6,841 |
Operating lease ROU assets |  |  | 178 |
Other assets |  |  | 644 |
Accrued compensation and benefits |  |  | (262 | )
Accounts payable and accrued liabilities |  |  | (162 | )
Operating lease liabilities |  |  | (150 | )
Deferred income tax liabilities |  |  | (1,585 | )
Other liabilities assumed(3) |  |  | (1,880 | )
Total consideration, net of cash acquired |  | $ | 12,221 |
Summary of consideration, net of cash acquired: |  |  |
Closing consideration at fair value - Subco Units(4) |  | $ | 8,452 |
Cash acquired |  |  | (244 | )
Deferred consideration at fair value - Subco Units(4) |  |  | 3,400 |
Debt repayment |  |  | 613 |
Total consideration, net of cash acquired |  | $ | 12,221 |
(1) The fair value for finite-lived management contracts and investor relationships was determined using the excess earnings method (Level 3 inputs), have weighted-average estimated useful lives of approximately 8 years and 12 years, respectively, and are amortized based on the straight-line method. (2) The fair value for indefinite-lived management contracts was determined using the excess earnings method (Level 3 inputs). (3) Other liabilities assumed primarily included deferred carried interest. (4) The fair value for the closing consideration was determined based on approximately 8.5 million of Subco Units, which were delivered to former equityholders of HPS. The fair value of the deferred consideration was determined based on approximately 2.8 million to 4.4 million of Subco Units, and is subject to the achievement of certain post-closing conditions and financial performance milestones.
Summary of Finite Lived Intangible Assets Weighted Average Remaining Useful Life of Remaining Amortization Expense | The finite-lived intangible assets had a weighted-average remaining useful life of approximately nine years with remaining amortization expense as follows:
(in millions) |  |  |
Year |  | Amount |
2026 |  | $ | 467 |
2027 |  |  | 467 |
2028 |  |  | 442 |
2029 |  |  | 368 |
2030 |  |  | 318 |
Thereafter |  |  | 1,329 |
Total |  | $ | 3,391 |
Preqin Holding Limited [Member] |
Business Acquisition [Line Items] |
Summary of Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for Preqin and the fair values of the assets acquired and liabilities assumed recognized at the acquisition date:
(in millions) |  | Fair Value Estimate |
Finite-lived intangible assets: |  |  |
Customer relationships(1) |  | $ | 1,050 |
Technology-related(2) |  |  | 125 |
Trade name |  |  | 7 |
Goodwill |  |  | 2,377 |
Other assets |  |  | 59 |
Deferred revenue |  |  | (104 | )
Deferred income tax liabilities |  |  | (298 | )
Other liabilities assumed |  |  | (93 | )
Total consideration, net of cash acquired |  | $ | 3,123 |
Summary of consideration, net of cash acquired: |  |  |
Cash paid |  | $ | 3,219 |
Cash acquired |  |  | (96 | )
Total consideration, net of cash acquired |  | $ | 3,123 |
(1) The fair value was determined using an income approach (Level 3 inputs), has a weighted-average estimated useful life of approximately 8 years and is amortized based on its expected pattern of economic benefit. (2) The fair value was determined using a replacement cost approach (Level 3 inputs), has a weighted-average estimated useful life of approximately 5 years and is amortized based on the straight-line method.
Summary of Finite Lived Intangible Assets Weighted Average Remaining Useful Life of Remaining Amortization Expense | The finite-lived intangible assets had a weighted-average remaining useful life of approximately eight years with remaining amortization expense as follows:
(in millions) |  |  |
Year |  | Amount |
2026 |  | $ | 136 |
2027 |  |  | 143 |
2028 |  |  | 154 |
2029 |  |  | 163 |
2030 |  |  | 146 |
Thereafter |  |  | 345 |
Total |  | $ | 1,087 |

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