Asset Management
BlackRock Executive Compensation (FY25)
BLK · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 22, 2026
276 figures on this page: 269 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.
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Laurence Fink Chairman and Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Robert Kapito President | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Robert Goldstein Senior Managing Director and Chief Operating Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| J. Richard Kushel | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| J. Richard Kushel | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Laurence Fink | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Laurence Fink | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Martin Small | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Martin Small | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Robert Goldstein | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Robert Goldstein | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Robert Kapito | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Robert Kapito | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
Fiscal 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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Robert Goldstein | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Martin Small | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Robert Kapito | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Laurence Fink | RSU | ◇ | ◇ | — | — |
| 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.
Robert Kapito
President · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance cash amount | ◇ |
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 | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Adebayo Ogunlesi | — | — | — | — | — | ◇ | ◇ |
Murry S. Gerber Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Pamela Daley | ◇ | ◇ | — | — | — | — | ◇ |
Mark Wilson | ◇ | ◇ | — | — | — | — | ◇ |
Susan L. Wagner | ◇ | ◇ | — | — | — | — | ◇ |
William E. Ford | ◇ | ◇ | — | — | — | — | ◇ |
Gordon M. Nixon | ◇ | ◇ | — | — | — | — | ◇ |
Hans E. Vestberg | ◇ | ◇ | — | — | — | — | ◇ |
Margaret Peggy L. Johnson | ◇ | ◇ | — | — | — | — | ◇ |
Cheryl D. Mills | ◇ | ◇ | — | — | — | — | ◇ |
Kristin C. Peck | ◇ | ◇ | — | — | — | — | ◇ |
Fabrizio Freda | ◇ | ◇ | — | — | — | — | ◇ |
Charles H. Robbins | ◇ | ◇ | — | — | — | — | ◇ |
Amin H. Nasser | ◇ | ◇ | — | — | — | — | ◇ |
Kathleen Murphy | ◇ | ◇ | — | — | — | — | ◇ |
Gregory J. Fleming | ◇ | ◇ | — | — | — | — | ◇ |
Marco Antonio Slim Domit | ◇ | ◇ | — | — | — | — | ◇ |
Robert S. Kapito, Laurence D. Fink and Gregg R. Lemkau 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 | ◇ |
| Total board 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.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 20, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 15, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 15, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 24, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 25, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 26, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 21, 2020 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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
Where BlackRock sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable 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.
Velarion IntelligenceSay-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 analysisAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
276 figures on this page: 269 cited to the filing that reported them, 7 calculated from figures it prints.
269 cited to the filing
7 calculated from the filing
Documents cited
- 0001193125-26-237027Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001308179-26-0002622025 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
- 0001193125-25-121622
- 0001308179-25-0003882024 Summary Compensation Table
- 0001193125-24-141821
- 0001193125-24-0872822023 Summary Compensation Table
- DEF 14A, filed May 26, 20230001193125-23-155456
- 0001193125-22-162454
- 0001193125-21-176943
- 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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Asset Management rankings
Peers BlackRock discloses
The companies named in BLK's own disclosed peer group.
Terms on this page
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}
}