(in millions, except shares and per share data)

2025

2024

2023

Basic net income attributable to BlackRock, Inc.

$

5,553

$

6,369

$

5,502

Add: Incremental net income from dilutive securities - NCI - Subco

127

—

—

Diluted net income attributable to BlackRock, Inc.

$

5,680

$

6,369

$

5,502

Basic weighted-average shares outstanding

154,984,319

150,042,269

149,327,558

Dilutive effect of:

      Nonparticipating RSUs

1,383,325

1,034,323

969,089

      Stock options

460,656

538,493

409,804

      Subco Units

4,038,221

—

—

Total diluted weighted-average shares outstanding

160,866,521

151,615,085

150,706,451

Basic earnings per share

$

35.83

$

42.45

$

36.85

Diluted earnings per share

$

35.31

$

42.01

$

36.51