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Asset Management

BlackRock Executive Compensation (FY25)

BLK · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Laurence Fink
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): May 22, 2026
11 filings cited on this page
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289 figures on this page: 282 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
Laurence Fink was paid $37,749,569 in total compensation as Chairman and Chief Executive Officer for fiscal 2025, and compared with the $30,768,546 reported for fiscal 2024, Fink's total was 22.7% higher. The company reported a chief executive pay ratio of 245:1 for fiscal 2025, against median employee compensation of $153,770. For fiscal 2025, shareholders backed the say-on-pay proposal with 64.9% of votes cast including abstentions in favor at the meeting held May 20, 2026. The disclosed peer group names American Express, Ameriprise Financial, Apollo Global Management, Blackstone and BNY Mellon, among others.

More on BlackRock

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Laurence Fink: $30,768,546 → $37,749,569 (22.7% higher)
CEO pay ratio: 179:1 → 245:1 (36.9% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is BlackRock's chief executive and what were they paid?
Laurence Fink was paid $37,749,569 in total compensation as Chairman and Chief Executive Officer for fiscal 2025. Compared with the $30,768,546 reported for fiscal 2024, Fink's total was 22.7% higher.
What was BlackRock's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 64.9% of votes cast including abstentions in favor at the meeting held May 20, 2026.
Which companies are in BlackRock's peer group?
The disclosed peer group names American Express, Ameriprise Financial, Apollo Global Management, Blackstone and BNY Mellon, among others.
What is BlackRock's chief executive pay ratio?
The company reported a chief executive pay ratio of 245:1 for fiscal 2025, against median employee compensation of $153,770.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Laurence Fink
Chairman and Chief Executive Officer
◇◇◇———◇◇
Robert Kapito
President
◇◇◇———◇◇
Robert Goldstein
Senior Managing Director and Chief Operating Officer
◇◇◇———◇◇
J. Richard Kushel
Senior Managing Director and Head of the Portfolio Management Group
◇◇◇———◇◇
Gary Shedlin
Senior Managing Director and Chief Financial Officer
◇◇◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Laurence Fink
Chairman and Chief Executive Officer
◇◇◇———◇◇
Robert Kapito
President
◇◇◇———◇◇
Robert Goldstein
Senior Managing Director and Chief Operating Officer
◇◇◇◇——◇◇
Mark Wiedman
Senior Managing Director and Head of the Global Client Business
◇◇◇◇——◇◇
Martin Small
Senior Managing Director, Chief Financial Officer and Global Head of Corporate Strategy
◇◇◇◇——◇◇
Gary Shedlin
Vice Chairman and Former Chief Financial Officer
Departed during or after this year
◇◇◇◇——◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Laurence Fink
Chairman and Chief Executive Officer
◇◇◇———◇◇
Robert Kapito
President
◇◇◇———◇◇
Robert Goldstein
Senior Managing Director and Chief Operating Officer
◇◇◇———◇◇
J. Richard Kushel
Senior Managing Director and Head of the Portfolio Management Group
◇◇◇———◇◇
Martin Small
Senior Managing Director, Chief Financial Officer and Global Head of Corporate Strategy
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Laurence Fink
Chairman and Chief Executive Officer
◇◇◇———◇◇
Robert Kapito
President
◇◇◇———◇◇
Robert Goldstein
Senior Managing Director and Chief Operating Officer
◇◇◇———◇◇
Martin Small
Senior Managing Director, Chief Financial Officer and Global Head of Corporate Strategy
◇◇◇———◇◇
J. Richard Kushel
Senior Managing Director and Head of the Portfolio Management Group
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
J. Richard KushelRSU◇——◇——◇
J. Richard KushelPSU◇—◇—◇—◇
Laurence FinkRSU◇——◇——◇
Laurence FinkPSU◇—◇—◇—◇
Martin SmallRSU◇——◇——◇
Martin SmallPSU◇—◇—◇—◇
Robert GoldsteinRSU◇——◇——◇
Robert GoldsteinPSU◇—◇—◇—◇
Robert KapitoRSU◇——◇——◇
Robert KapitoPSU◇—◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Robert GoldsteinRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Martin SmallRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Robert KapitoRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Laurence FinkRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
J. Richard Kushel
Senior Managing Director and Head of the Portfolio Management Group · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Non-solicit period◇
Laurence Fink
Chairman and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Non-solicit period◇
Martin Small
Senior Managing Director, Chief Financial Officer and Global Head of Corporate Strategy · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Robert Goldstein
Senior Managing Director and Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Robert Kapito
President · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Adebayo Ogunlesi
—————◇◇
Murry S. Gerber
Lead independent director
◇◇————◇
Pamela Daley
◇◇————◇
Susan L. Wagner
◇◇————◇
Mark Wilson
◇◇————◇
Gordon M. Nixon
◇◇————◇
William E. Ford
◇◇————◇
Hans E. Vestberg
◇◇————◇
Margaret Peggy L. Johnson
◇◇————◇
Cheryl D. Mills
◇◇————◇
Kristin C. Peck
◇◇————◇
Amin H. Nasser
◇◇————◇
Charles H. Robbins
◇◇————◇
Fabrizio Freda
◇◇————◇
Kathleen Murphy
◇◇————◇
Gregory J. Fleming
◇◇————◇
Marco Antonio Slim Domit
◇◇————◇
Laurence D. Fink, Gregg R. Lemkau and Robert S. Kapito served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Deferred Stock Units.
Stock ownership guideline: 5x annual retainer ($500,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Express AXP
  • Ameriprise Financial AMP
  • Apollo Global Management APO
  • Blackstone BX
  • BNY Mellon BNY
  • Charles Schwab SCHW
  • Fiserv FISV
  • Franklin Resources BEN
  • Goldman Sachs GS
  • KKR & Co. KKR
  • Mastercard MA
  • Morgan Stanley MS
  • Northern Trust NTRS
  • PayPal PYPL
  • Raymond James RJF
  • State Street STT
  • T. Rowe Price Group TROW

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 24, 2023=◇◇◇
2021May 25, 2022=◇◇◇
2020May 26, 2021=◇◇◇
2019May 21, 2020=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Laurence Fink (Chairman and Chief Executive Officer), FY2025 total compensation $37,749,569 (base salary $1,500,000) [exec_comp, SEC accession 0001308179-26-000262, filed 2026-04-10]

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What this page does not include

Everything above is a fact BlackRock disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Say-on-pay responsiveness
BlackRock recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
289 figures on this page: 282 cited to the filing that reported them, 7 calculated from figures it prints.
282 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001193125-26-237027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001308179-26-000262
    2025 DIRECTOR COMPENSATION TABLE · 2025 GRANTS OF PLAN-BASED AWARDS · 2025 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END · 2025 SUMMARY COMPENSATION TABLE · and 4 more sections
  3. 0001193125-25-121622
  4. 0001308179-25-000388
    2024 Summary Compensation Table · Compensation Discussion and Analysis
  5. 0001193125-24-141821
  6. 0001193125-24-087282
    2023 Summary Compensation Table
  7. 0001193125-23-155456
  8. 0001193125-23-101977
    Executive Compensation Tables
  9. 0001193125-22-162454
  10. 0001193125-21-176943
  11. 0001193125-20-150133
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “BlackRock executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/BLK (accessed 2026).
Short form: data: Velarion

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11 filings cited on this page
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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Peers BlackRock discloses

The companies named in BLK's own disclosed peer group.

American ExpressAmeriprise FinancialApollo Global ManagementBlackstoneBNY MellonCharles SchwabFiservFranklin ResourcesGoldman SachsKKR & Co.MastercardMorgan StanleyNorthern TrustPayPalRaymond JamesState StreetT. Rowe Price Group

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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