v3.26.3
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents [1] $ 12,877 $ 11,468
Accounts receivable 5,762 5,158
Investments [1] 15,384 13,271
Separate account assets 65,056 60,098
Separate account collateral held under securities lending agreements 5,465 7,922
Property and equipment (net of accumulated depreciation and amortization of $1,929 and $1,692 at September 30, 2026 and December 31,2025, respectively) 1,306 1,256
Intangible assets (net of accumulated amortization of $2,235 and $1,482 at September 30,2026 and December 31,2025, respectively 27,139 27,968
Goodwill 35,204 35,283
Operating lease right-of-use assets 1,844 1,874
Other assets [1] 7,861 5,700
Total assets 177,898 169,998
Liabilities    
Accrued compensation and benefits 3,431 3,830
Accounts payable and accrued liabilities 1,982 1,740
Borrowings 12,740 12,768
Separate account liabilities 65,056 60,098
Separate account collateral liabilities under securities lending agreements 5,465 7,922
Contingent consideration liabilities 5,858 8,429
Deferred income tax liabilities 4,271 4,618
Operating lease liabilities 2,245 2,228
Other liabilities [1] 9,075 6,823
Total liabilities 110,123 108,456
Commitments and contingencies (Note 15)
Permanent equity    
Common stock, $0.01 par value;Shares authorized: 500,000,000 at September 30, 2026 and December 31, 2025; Shares issued: 156,276,289 at both September 30, 2026 and December 31, 2025, Shares outstanding:154,606,029 and 155,069,171 at September 30, 2026 and December 31, 2025, respectively 2 2
Additional paid-in capital 19,637 19,748
Retained earnings 40,976 37,899
Accumulated other comprehensive loss (680) (545)
Treasury stock, common, at cost (1,670,260 and 1,207,118 shares held at September 30, 2026 and December 31, 2025, respectively) (1,804) (1,216)
Total BlackRock, Inc. stockholders’ equity 58,131 55,888
Total permanent equity 63,925 56,115
Total liabilities, temporary equity and permanent equity 177,898 169,998
CIPs [Member]    
Assets    
Cash and cash equivalents [2] 787 461
Investments 10,432 9,131
Other assets 83 187
Liabilities    
Other liabilities [3] 4,698 4,112
Temporary equity    
Redeemable noncontrolling interests 3,850 2,636
Permanent equity    
Nonredeemable NCI - CIPs 4,107 2,757
Subco [Member]    
Temporary equity    
Redeemable noncontrolling interests 0 2,791
Nonredeemable NCI - CIPs [Member]    
Permanent equity    
Nonredeemable NCI - CIPs 354 227
Nonredeemable NCI - Subco [Member]    
Permanent equity    
Nonredeemable NCI - CIPs $ 5,440 $ 0
[1] At September 30, 2026, cash and cash equivalents, investments, other assets and other liabilities include $306 million, $9.1 billion, $63 million and $3.8 billion, respectively, related to consolidated variable interest entities (“VIEs”). At December 31, 2025, cash and cash equivalents, investments, other assets and other liabilities include $428 million, $8.5 billion, $76 million and $4.1 billion, respectively, related to consolidated VIEs.
[2] The Company generally cannot readily access cash and cash equivalents held by CIPs to use in its operating activities.
[3] At both September 30, 2026 and December 31, 2025, other liabilities of VIEs primarily include deferred carried interest liabilities and other liabilities held by a CIP.