v3.24.2.u1
Earnings Per Share
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

22. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the three and six months ended June 30, 2024 and 2023 under the treasury stock method:

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

(in millions, except shares and per share data)

2024

 

 

2023

 

 

2024

 

 

2023

 

Net income attributable to BlackRock, Inc.

$

1,495

 

 

$

1,366

 

 

$

3,068

 

 

$

2,523

 

Basic weighted-average shares outstanding

 

148,442,950

 

 

 

149,604,642

 

 

 

148,566,061

 

 

 

149,756,151

 

Dilutive effect of:

 

 

 

 

 

 

 

 

 

 

 

   Nonparticipating RSUs

 

794,413

 

 

 

764,079

 

 

 

869,374

 

 

 

885,861

 

   Stock options

 

420,526

 

 

 

370,492

 

 

 

456,100

 

 

 

401,751

 

Total diluted weighted-average shares outstanding

 

149,657,889

 

 

 

150,739,213

 

 

 

149,891,535

 

 

 

151,043,763

 

Basic earnings per share

$

10.07

 

 

$

9.13

 

 

$

20.65

 

 

$

16.85

 

Diluted earnings per share

$

9.99

 

 

$

9.06

 

 

$

20.47

 

 

$

16.70

 

 

For the three and six months ended June 30, 2024, 409,298 and 372,282 shares, primarily related to stock options, respectively, were excluded from the calculation of diluted EPS because to include them would have an anti-dilutive effect. For the three and six months ended June 30, 2023, 116,559 and 60,850 shares, primarily related to stock options, respectively, were excluded from the calculation of diluted EPS because to include them would have an anti-dilutive effect. Certain performance-based RSUs and options were excluded from diluted EPS calculation because the designated contingencies were not met for the three and six months ended June 30, 2024 and 2023, respectively.