| USD ($) $ in Millions | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
Assets | ||
Cash and cash equivalents | $ 11,468 | $ 12,762 |
Accounts receivable | 5,158 | 4,304 |
Investments | 13,271 | 9,769 |
Separate account assets | 60,098 | 52,811 |
Separate account collateral held under securities lending agreements | 7,922 | 6,059 |
Property and equipment (net of accumulated depreciation and amortization of $1,692 and $1,553 at December 31, 2025 and 2024, respectively) | 1,256 | 1,103 |
Intangible assets (net of accumulated amortization of $1,482 and $782 at December 31, 2025 and 2024, respectively) | 27,968 | 20,743 |
Goodwill | 35,283 | 25,949 |
Operating lease right-of-use assets | 1,874 | 1,519 |
Other assets | 5,700 | 3,596 |
Total assets | 169,998 | 138,615 |
Liabilities | ||
Accrued compensation and benefits | 3,830 | 2,964 |
Accounts payable and accrued liabilities | 1,740 | 1,536 |
Borrowings | 12,768 | 12,314 |
Separate account liabilities | 60,098 | 52,811 |
Separate account collateral liabilities under securities lending agreements | 7,922 | 6,059 |
Contingent consideration liabilities | 8,429 | 4,302 |
Deferred income tax liabilities | 4,618 | 3,334 |
Operating lease liabilities | 2,228 | 1,908 |
Other liabilities | 6,823 | 4,032 |
Total liabilities | 108,456 | 89,260 |
Temporary equity | ||
Redeemable noncontrolling interests | - | 1,691 |
Permanent equity | ||
Common stock, $0.01 par value; Shares authorized: 500,000,000 at December 31, 2025 and 2024; Shares issued: 156,276,289 and 155,318,170 at December 31, 2025 and 2024, respectively; Shares outstanding: 155,069,171 and 154,947,813 at December 31, 2025 and 2024, respectively | 2 | 2 |
Additional paid-in capital | 19,748 | 13,446 |
Retained earnings | 37,899 | 35,611 |
Accumulated other comprehensive loss | (545) | (1,178) |
Treasury stock, common, at cost (1,207,118 and 370,357 shares held at December 31, 2025 and 2024, respectively) | 1,216 | 386 |
Total BlackRock, Inc. stockholders’ equity | 55,888 | 47,495 |
Nonredeemable NCI - CIPs | 227 | 169 |
Total permanent equity | 56,115 | 47,664 |
Total liabilities, temporary equity and permanent equity | $ 169,998 | $ 138,615 |