BlackRock Management

Management criteria checks 2/4

BlackRock's CEO is Larry Fink, appointed in Jan 1988, has a tenure of 38.33 years. total yearly compensation is $37.75M, comprised of 4% salary and 96% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth $257.23M. The average tenure of the management team and the board of directors is 14.1 years and 12.4 years respectively.

Key information

Larry Fink

Chief executive officer

US$37.7m

Total compensation

CEO salary percentage	3.97%
CEO tenure	38.3yrs
CEO ownership	0.1%
Management average tenure	14.1yrs
Board average tenure	12.4yrs

Recent management updates

Recent updates

Narrative Update • Apr 29

BlackRock's Global Platform Will Span Technology and Private Markets

Update of My 2025 Report Using Copilot to incorporate data from BlackRock’s latest Annual Report (FY 2025, published February 2026) and align it with the assumptions presented at the March 2025 Investor Day BlackRock – Updated Report Following the FY 2025 Annual Report 1. Revised Projection Framework Based on the projections presented at the March 31, 2025 Investor Day and the audited results for the fiscal year ended December 31, 2025, the five‑year projection framework remains consistent and further reinforced by recent execution.

Narrative Update • Apr 23

BLK: Fee Resilience And Margin Discipline Will Support Future Multiple Re Rating

BlackRock's updated analyst price target moves from $1,279.63 to $1,255. This change reflects analysts' use of slightly higher discount rates, more moderate revenue growth and profit margin assumptions, and a modestly higher future P/E multiple, following a mix of recent target increases and reductions across major firms.

Analysis Article • Apr 17

BlackRock, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

BlackRock, Inc. ( NYSE:BLK ) investors will be delighted, with the company turning in some strong numbers with its...

Seeking Alpha • Apr 15

BlackRock Is A Buy After Q1 Despite Private Credit Exposure

Summary BlackRock delivered robust Q1 results, with $130 billion in net inflows and accelerating LTM organic base fee growth, justifying a reiterated buy rating. Operating margin expanded to 44.5%, reflecting improved business efficiency while capital returns to shareholders remain healthy. The firm's alternatives push continues, with client assets in alternatives up 50% to $687 billion, positioning BlackRock for long-term growth if 401(k) rule changes materialize. Private credit exposure is a notable risk, but at $210 billion of client assets versus $13.89 trillion AUM, it is not existential; valuation contraction presents a buying opportunity. Read the full article on Seeking Alpha

New Narrative • Apr 08

BlackRock, Inc. (BLK): The "Financial Architect" Orchestrating the $10 Trillion AI and Infrastructure Pivot

BlackRock, Inc. (BLK) , the world's largest asset manager, closed the April 8, 2026, session at $1,001.54 USD on the NYSE.

Narrative Update • Apr 08

BLK: AI Infrastructure Partnership And Cost Cuts Will Support Future Earnings Power

Analysts have made a small downward adjustment to their BlackRock fair value and price target, trimming the figure by about $5 to $1,328 as they refine models that incorporate slightly lower discount rates along with modest tweaks to future P/E and margin assumptions. Analyst Commentary Recent Street research on BlackRock shows a mix of optimism and caution, with several firms adjusting price targets around the US$1,200 to US$1,340 range and a combination of rating upgrades and downgrades.

Analysis Article • Feb 02

BlackRock's (NYSE:BLK) Upcoming Dividend Will Be Larger Than Last Year's

The board of BlackRock, Inc. ( NYSE:BLK ) has announced that it will be paying its dividend of $5.73 on the 24th of...

Narrative Update • Jan 26

BLK: AI Infrastructure And Data Centers Will Support Future Earnings Power

Analysts have nudged their price targets on BlackRock higher, lifting our fair value estimate by about $28 per share to $1,333.67. This reflects updated assumptions around revenue growth, profitability and future P/E multiples following a mix of recent target increases and rating changes across the Street.

Analysis Article • Jan 19

BlackRock (NYSE:BLK) Has Announced That It Will Be Increasing Its Dividend To $5.73

BlackRock, Inc. ( NYSE:BLK ) has announced that it will be increasing its dividend from last year's comparable payment...

Narrative Update • Jan 11

BLK: AI Infrastructure Buildout Will Support Future Earnings Power Upside

Analysts have nudged their price expectations for BlackRock slightly lower, trimming the fair value estimate from about $1,319 to roughly $1,306 as updated models incorporate recently reduced price targets along with refreshed assumptions on growth, margins, and future P/E multiples. Analyst Commentary Recent research on BlackRock reflects a mix of optimism about the company’s growth drivers and execution, alongside some valuation and near term caution.

Narrative Update • Dec 26

BLK: AI Infrastructure Expansion Will Drive Future Earnings Power Upside

Analysts have nudged our BlackRock fair value estimate slightly higher to approximately $1,319.33 per share, up from about $1,319.27. This reflects modest upgrades to long term organic growth assumptions, improved earnings visibility toward $100 per share, and continued confidence in the firm's multiple expansion potential following a series of price target increases across the Street into the $1,300 to $1,400 range.

Narrative Update • Dec 12

BLK: AI Infrastructure Expansion Will Drive Earnings Power And Momentum

Analysts have nudged their average price target for BlackRock slightly higher, to a range clustered around the low to mid $1,300s. This reflects incremental upgrades to long term organic growth expectations, improved earnings power visibility toward roughly $100 per share, and confidence in the firm’s ability to leverage recent Q3 momentum and strategic initiatives such as its AI infrastructure partnership and alternative assets expansion.

Narrative Update • Nov 28

BLK: Major Data Center Partnerships Will Drive Earnings Momentum This Year

Analysts have modestly increased their price target for BlackRock, now valuing shares at $1,328.64. Recent strong quarterly results and expectations for improved long-term organic growth continue to drive positive sentiment.

Narrative Update • Nov 14

BLK: Long-Term Net Inflows And Major Data Center Deal Will Drive Outperformance

Analysts have raised their price targets on BlackRock, with most now ranging from approximately $1,312 to $1,407. They cite the company’s strong Q3 results, robust net inflows, and enhanced long-term growth prospects.

Narrative Update • Oct 31

BLK: Data Center Acquisitions Will Drive Expansion in AI Infrastructure Markets

Analysts have increased their price target for BlackRock, raising it from approximately $1,300 to $1,334. They cite strong Q3 results, robust inflows, improved earnings estimates, and confidence in the firm's long-term growth opportunities.

Narrative Update • Oct 17

Private Markets And Emerging Regions Will Strengthen Future Prospects

BlackRock's analyst price target has risen from $1,204 to $1,300. This reflects greater confidence among analysts following strong Q3 results and improved organic growth outlooks.

Narrative Update • Oct 03

Private Markets And Emerging Regions Will Strengthen Future Prospects

The analyst price target for BlackRock has increased from $1,167 to approximately $1,204. This change reflects analysts' higher revenue growth estimates and steady margin improvements, supported by solid industry performance and robust third quarter market returns.

CEO Compensation Analysis

How has Larry Fink's remuneration changed compared to BlackRock's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2026	n/a	n/a	US$6b
Dec 31 2025	US$38m	US$2m	US$6b
Sep 30 2025	n/a	n/a	US$6b
Jun 30 2025	n/a	n/a	US$6b
Mar 31 2025	n/a	n/a	US$6b
Dec 31 2024	US$31m	US$2m	US$6b
Sep 30 2024	n/a	n/a	US$6b
Jun 30 2024	n/a	n/a	US$6b
Mar 31 2024	n/a	n/a	US$6b
Dec 31 2023	US$27m	US$2m	US$6b
Sep 30 2023	n/a	n/a	US$5b
Jun 30 2023	n/a	n/a	US$5b
Mar 31 2023	n/a	n/a	US$5b
Dec 31 2022	US$33m	US$2m	US$5b
Sep 30 2022	n/a	n/a	US$6b
Jun 30 2022	n/a	n/a	US$6b
Mar 31 2022	n/a	n/a	US$6b
Dec 31 2021	US$33m	US$2m	US$6b
Sep 30 2021	n/a	n/a	US$6b
Jun 30 2021	n/a	n/a	US$5b
Mar 31 2021	n/a	n/a	US$5b
Dec 31 2020	US$27m	US$2m	US$5b
Sep 30 2020	n/a	n/a	US$5b
Jun 30 2020	n/a	n/a	US$4b
Mar 31 2020	n/a	n/a	US$4b
Dec 31 2019	US$24m	US$2m	US$4b

Compensation vs Market: Larry's total compensation ($USD37.75M) is above average for companies of similar size in the US market ($USD14.84M).

Compensation vs Earnings: Larry's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Larry Fink (73 yo)

38.3yrs

Tenure

US$37,749,569

Compensation

Mr. Laurence Douglas Fink, also known as Larry, serves as a Founder, Chief Executive Officer and Chairman of BlackRock, Inc. He joined BlackRock, Inc. in 1988. He was Chairman, Chief Executive Officer and...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Laurence Fink	Founder	38.3yrs	US$37.75m	0.15% $ 257.2m
Robert Kapito	President & Member of Board of Directors	18.7yrs	US$25.74m	0.13% $ 223.5m
Martin Small	Senior MD	3.3yrs	US$13.65m	0.0035% $ 6.1m
Robert Goldstein	Senior MD & COO	11.9yrs	US$15.56m	0.031% $ 53.3m
Rich Kushel	Senior MD & Head of the Portfolio Management Group	16.3yrs	US$11.01m	0.089% $ 154.8m
Adebayo Ogunlesi	Chairman & CEO Global Infrastructure Partners	no data	US$4.04m	1.16% $ 2.0b
Bennett Golub	Co-Founder	no data	no data	no data
Mark McKenna	Founder	no data	no data	no data
Marc Comerchero	MD & Chief Accounting Officer	10.2yrs	no data	0.0018% $ 3.2m
Pablo Goldberg	MD, Head of Research	no data	no data	no data
Derek Stein	Senior MD and Global Head of Technology & Operations	no data	no data	no data
Caroline Rodda	Lead Investor Relations	no data	no data	no data

14.1yrs

Average Tenure

65yo

Average Age

Experienced Management: BLK's management team is seasoned and experienced (14.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Laurence Fink	Founder	27.3yrs	US$37.75m	0.15% $ 257.2m
Robert Kapito	President & Member of Board of Directors	19.6yrs	US$25.74m	0.13% $ 223.5m
Adebayo Ogunlesi	Chairman & CEO Global Infrastructure Partners	1.5yrs	US$4.04m	1.16% $ 2.0b
William Ford	Independent Member of Board of Directors	8.2yrs	US$373.39k	0.010% $ 17.8m
Gordon Nixon	Independent Member of Board of Directors	10.6yrs	US$394.15k	0.0031% $ 5.4m
Murry Gerber	Lead Independent Director	26.3yrs	US$463.93k	0.027% $ 47.3m
Cheryl Mills	Independent Member of Board of Directors	12.5yrs	US$378.93k	0.0033% $ 5.8m
Gregory Fleming	Independent Member of Board of Directors	1yr	US$334.16k	0% $ 0
Fabrizio Freda	Independent Member of Board of Directors	13.6yrs	US$363.58k	0.0019% $ 3.4m
Pamela Daley	Independent Member of Board of Directors	12.3yrs	US$411.66k	0.0037% $ 6.4m
Susan Wagner	Independent Member of Board of Directors	13.6yrs	US$403.93k	0.28% $ 476.9m
Charles Robbins	Independent Director	9yrs	US$363.58k	0.0015% $ 2.6m

12.4yrs

Average Tenure

68yo

Average Age

Experienced Board: BLK's board of directors are seasoned and experienced ( 12.4 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/22 07:53
End of Day Share Price	2026/05/22 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BlackRock, Inc. is covered by 37 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Biggar	Argus Research Company
Kenneth Hill	Barclays
Jeremy Campbell	Barclays

BlackRock Management

Management criteria checks 2/4

Key information

Recent management updates

Key Executive recently sold US$9.2m worth of stock

Key Executive notifies of intention to sell stock

BlackRock, Inc., Annual General Meeting, May 20, 2026

Insider notifies of intention to sell stock

Senior MD & COO recently sold US$5.7m worth of stock

Senior MD & COO notifies of intention to sell stock

Recent updates

BlackRock, Inc. announces Quarterly dividend, payable on June 23, 2026

BlackRock Faces DOJ Scrutiny While Pursuing Major SpaceX IPO Investment and Private Credit Expansion

Netcracker Technology Corporation completed the acquisition of CSG Systems International, Inc. (NasdaqGS:CSGS) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc. and others.

Allegiant Travel Company (NasdaqGS:ALGT) completed the acquisition of Sun Country Airlines Holdings, Inc. (NasdaqGS:SNCY).

General Atlantic Service Company, L.P. completed the acquisition of remaining 57.7% stake in European Wax Center, Inc. (NasdaqGS:EWCZ) from BlackRock, Inc. (NYSE:BLK), Hilary L. Shane, Ararat Capital Management, LP, EWC Management Holdco, LLC, and others.

Long Lake Management Holdings Inc. entered into a definitive agreement to acquire Global Business Travel Group, Inc. (NYSE:GBTG) from a group of shareholders for $5.1 billion.

Refresco B.V. completed the acquisition of SunOpta Inc. (NasdaqGS:STKL) from a group of shareholders.

Acceletron Automotive Controls Inc. Reports Key Ruling in Racketeering and Business Tort Damages Suit Against Blackrock and Pimco

Key Executive recently sold US$9.2m worth of stock

Key Executive notifies of intention to sell stock

BlackRock's Global Platform Will Span Technology and Private Markets

BioMarin Pharmaceutical Inc. (NasdaqGS:BMRN) completed the acquisition of Amicus Therapeutics, Inc. (NasdaqGM:FOLD) from The Vanguard Group, Inc., Wellington Management Group LLP, BlackRock, Inc. (NYSE:BLK), William Blair Investment Management, LLC, and others.

IFM Global Infrastructure Fund managed by IFM Investors Pty Ltd proposed to acquire remaining 65.52% stake in Atlas Arteria Limited (ASX:ALX) from Lazard Asset Management Limited, BlackRock, Inc. (NYSE:BLK) and State Street Corporation (NYSE:STT) and others for AUD 4.5 billion.

BLK: Fee Resilience And Margin Discipline Will Support Future Multiple Re Rating

First Eagle Investment Management, LLC completed the acquisition of Diamond Hill Investment Group, Inc. (NasdaqGS:DHIL) from group of shareholders.

BlackRock, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

First quarter 2026 earnings: EPS and revenues exceed analyst expectations

BlackRock Is A Buy After Q1 Despite Private Credit Exposure

Purecars Technologies, LLC acquired AutoAlert, LLC from BlackRock, Inc. (NYSE:BLK).

Clayton, Dubilier & Rice, LLC completed the acquisition of Sealed Air Corporation (NYSE:SEE) from group of shareholders.

BlackRock, Inc. (BLK): The "Financial Architect" Orchestrating the $10 Trillion AI and Infrastructure Pivot

BLK: Fee Resilience And Cost Discipline Will Drive Future Multiple Re Rating

Decision Street, LLC completed the acquisition of ON24, Inc. (NYSE:ONTF) from Lynrock Lake Master Fund LP managed by Lynrock Lake LP, Indaba Capital Management, L.P, BlackRock, Inc. (NYSE:BLK) and others.

BlackRock, Inc. to Report Q1, 2026 Results on Apr 14, 2026

BlackRock, Inc., Annual General Meeting, May 20, 2026

BLK: Fee Resilience And Cost Discipline Will Support Future Multiple Re Rating

Nexstar Media Group, Inc. (NasdaqGS:NXST) completed the acquisition of TEGNA Inc. (NYSE:TGNA) from a group of shareholders.

MW Group, Ltd., Blackstone Real Estate Advisors L.P. and Divco West Real Estate Services, LLC completed the acquisition of Alexander & Baldwin, Inc. (NYSE:ALEX) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., State Street Corporation and others.

Blackrock Introduces Ishares Staked Ethereum Trust Etf

Bending Spoons US Inc. completed the acquisition of Eventbrite, Inc. (NYSE:EB) from group of shareholders.

BLK: Fee Power And Cost Controls Will Support Future Multiple Re Rating

BlackRock Plans to Expand its iShares iBonds ETF Platform with Launch of Nine Funds

Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of US$5.73 per share

Insider notifies of intention to sell stock

BLK: Fee Resilience And Cost Cuts Will Support Future Earnings Power

BlackRock's (NYSE:BLK) Dividend Will Be Increased To $5.73

Senior MD & COO recently sold US$5.7m worth of stock

Senior MD & COO notifies of intention to sell stock

Lone Star Americas Acquisitions, Inc. completed the acquisition of Hillenbrand, Inc. (NYSE:HI) from group of shareholders.

BLK: AI Infrastructure Partnership And Cost Cuts Will Support Future Earnings Power

A group of funds managed by Thoma Bravo, L.P. and Abu Dhabi Investment Authority completed the acquisition of Dayforce Inc. (NYSE:DAY) in a going private transaction.

BlackRock's (NYSE:BLK) Upcoming Dividend Will Be Larger Than Last Year's

BlackRock, Inc. and Partners Group Launch Private Markets Sma for Wealth Platforms

BlackRock, Inc. Appoints Gregg R. Lemkau as Independent Director to Board

BLK: AI Infrastructure And Data Centers Will Support Future Earnings Power

Zijin Gold International Company Limited (SEHK:2259) entered into a definitive agreement to acquire Allied Gold Corporation (TSX:AAUC) from BlackRock, Inc. (NYSE:BLK) and Helikon Investments Limited for CAD 5.7 billion.

BlackRock (NYSE:BLK) Has Announced That It Will Be Increasing Its Dividend To $5.73

Fourth quarter dividend increased to US$5.73

Senior MD notifies of intention to sell stock

BlackRock, Inc. announces Quarterly dividend, payable on March 24, 2026

Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 27% overvalued

BLK: AI Infrastructure Buildout Will Support Future Earnings Power Upside

Compass, Inc. (NYSE:COMP) completed the acquisition of Anywhere Real Estate Inc. (NYSE:HOUS) from a group of shareholders.

BlackRock, Inc. to Report Q4, 2025 Results on Jan 15, 2026

BLK: AI Infrastructure Expansion Will Drive Future Earnings Power Upside

Rithm Capital Corp. (NYSE:RITM) completed the acquisition of Paramount Group, Inc. (NYSE:PGRE) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Long Pond Capital, LP and others.

Canada Pension Plan Investment Board and Global Infrastructure Management, LLC completed the acquisition of ALLETE, Inc. (NYSE:ALE) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK) and others in a going private transaction.

BLK: AI Infrastructure Expansion Will Drive Earnings Power And Momentum

Mars, Incorporated completed the acquisition of Kellanova (NYSE:K) from a group of shareholders.

A consortium led by Advent International, L.P. and Corvex Management LP completed the acquisition of Heidrick & Struggles International, Inc. (NasdaqGS:HSII) from group of shareholders.

Thoma Bravo, L.P. completed the acquisition of PROS Holdings, Inc. (NYSE:PRO) from a group of shareholders.

Senior MD recently sold US$1.3m worth of stock

Blackrock Bolsters Outcome ETF Suite with Nasdaq Premium Income Strategy

Senior MD notifies of intention to sell stock

Gildan Activewear Inc. (TSX:GIL) completed the acquisition of Hanesbrands Inc. (NYSE:HBI) from BlackRock, Inc. (NYSE:BLK), Loews Corporation (NYSE:L), The Vanguard Group, Inc. and others.

BLK: Major Data Center Partnerships Will Drive Earnings Momentum This Year

Omnicom Group Inc. (NYSE:OMC) completed the acquisition of The Interpublic Group of Companies, Inc. (NYSE:IPG) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT), and others.