The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the three and six months ended June 30, 2026 and 2025:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions, except shares and per share data)	2026		2025		2026		2025
Basic net income attributable to BlackRock, Inc.	$	1,914	$	1,593	$	4,126	$	3,103
Add: Incremental net income from dilutive securities - NCI - Subco		93		—		201		—
Diluted net income attributable to BlackRock, Inc.	$	2,007	$	1,593	$	4,327	$	3,103

Basic weighted-average shares outstanding		155,152,875		154,868,992		155,230,412		154,953,413
Dilutive effect of:
Nonparticipating RSUs		1,547,797		987,101		1,606,160		1,049,052
Stock options		340,167		397,762		363,028		440,004
Subco Units		7,606,927		—		7,624,315		—
Total diluted weighted-average shares outstanding		164,647,766		156,253,855		164,823,915		156,442,469
Basic earnings per share	$	12.34	$	10.29	$	26.58	$	20.03
Diluted earnings per share	$	12.19	$	10.19	$	26.25	$	19.83

The Company applies the treasury stock method to determine the dilutive weighted-average common shares outstanding for RSUs and stock options. The Company applies the “if-converted” method to the Subco Units to determine the dilutive impact, if any, of the exchange right included in the Subco Units.

For the three and six months ended June 30, 2026, 311,121 and 285,368 shares, respectively, primarily related to RSUs, were excluded from the calculation of diluted EPS because to include them would have an anti-dilutive effect. The amount of anti-dilutive shares was immaterial for both the three and six months ended June 30, 2025. Certain performance-based awards, contingently issuable shares and Subco Units were excluded from the diluted EPS calculation because the designated contingencies were not met.