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


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions, except per share data)	2026		2025		2026		2025
Basic net income attributable to BlackRock, Inc.	$	1,659	$	1,323	$	5,785	$	4,426
Add: Incremental net income from dilutive securities - NCI - Subco		80		70		281		70
Diluted net income attributable to BlackRock, Inc.	$	1,739	$	1,393	$	6,066	$	4,496

Basic weighted-average shares outstanding		154.8		154.9		155.1		154.9
Dilutive effect of:
Nonparticipating RSUs		1.7		1.5		1.6		1.2
Stock options		0.4		0.5		0.4		0.5
Subco Units		7.6		8.3		7.6		2.8
Total diluted weighted-average shares outstanding		164.5		165.2		164.7		159.4
Basic earnings per share	$	10.72	$	8.54	$	37.30	$	28.57
Diluted earnings per share	$	10.57	$	8.43	$	36.82	$	28.21

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.

The amount of anti-dilutive shares was immaterial for the three and nine months ended September 30, 2026 and the nine months ended September 30, 2025. There were no anti-dilutive shares for the three months ended September 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.