BlackRock, Inc.

Company facts

Industry

Security Brokers, Dealers & Flotation Companies

Headquarters

New York, New York

Most recent report

10-Q, filed Nov 4, 2026

Incorporated

Delaware

Filings on record

1,745+ filings

On EDGAR

CIK 2012383

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 3 of 11 sections worth reading, with 1 positive, 24 notable, and 0 negative flags.

• Legal Proceedings (Item 1)

  Financial statements and notes with acquisition accounting, contingent consideration, and equity structure details.
  Notable

  • HPS acquisition: 8.5M Subco Units delivered at close, valued at $8.5B; up to 4.4M more units contingent on performance milestones.
  • Derivatives: $2.0B notional futures for seed hedging, $332M for deferred comp hedging, $3.0B FX forwards.
  • iCapital investment: 21% ownership, carrying value $0.7B at both Sept 30, 2026 and Dec 31, 2025.
  • Revolving credit facility increased by $400M to $6.3B, maturity extended to March 2031; no amount drawn at Sept 30, 2026.
  • Investment commitments of $2.6B unfunded at Sept 30, 2026 to fund sponsored investment products.
  • Antitrust lawsuit by 13 state AGs alleging conspiracy to suppress coal supply; court largely denied motion to dismiss in 2025.
  • Securities on loan subject to indemnification: $441B at Sept 30, 2026, with $474B collateral held.
  • RSUs: 3.1M outstanding at Sept 30, 2026; intrinsic value $3.3B; unrecognized comp $1.3B over 1.8 years.
  • Performance-based RSUs: 634K outstanding; intrinsic value $671M; unrecognized comp $319M over 1.7 years.
  • Due from related parties $444M at Sept 30, 2026, up from $377M at Dec 31, 2025.
  • Regulatory net capital requirement of $2.2B at Sept 30, 2026; company in compliance.
  • Share repurchases: 1.3M shares for $1.4B in first nine months of 2026; 7.9M shares still authorized.
  • No subsequent events requiring accrual or disclosure identified through review.

• Unregistered Sales and Repurchases (Item 2)

  Full MD&A with detailed financial results, AUM flows, and acquisition impacts.
  Positive

  • Long-term net inflows of $778 billion over twelve months, led by ETFs ($626 billion).
  Notable

  • Institutional index net outflows of $115 billion over twelve months, concentrated in low-fee index equity.
  • Noncash pre-tax gains of $80 million from Securitize and $22 million from Circle in Q3 2026.
  • Credit facility increased by $400 million to $6.3 billion in March 2026; no amount outstanding at September 30, 2026.
  • Board authorized repurchase of an additional 7 million shares in January 2026; 1.3 million shares repurchased for $1.4 billion in nine months.
  • Contingent consideration liabilities total $5.9 billion at September 30, 2026, including $4.8 billion for GIP and $900 million for HPS.
  • Reclassified $2.6 billion of HPS contingent consideration from liabilities to noncontrolling interests after cash-settlement provision expired.
  • Capital commitments of $2.6 billion to fund sponsored investment products at September 30, 2026.
  • Deferred carried interest liability of $3.5 billion at both September 30, 2026 and December 31, 2025.

• Defaults on Senior Securities (Item 3)

  Quantified market risk exposures with specific dollar amounts and sensitivity analyses.
  Notable

  • Equity market price risk: 10% adverse change would cut carrying value by $128M on $1.3B exposure.
  • Interest rate/credit spread risk: 100bp adverse move would cut carrying value by ~$80M on $3.6B exposure.
  • Foreign exchange risk: 10% adverse FX move would cut carrying value by ~$125M on $1.2B exposure.

What changed: Sep 2026 vs. Jun 2026

About 3% of BLK's Sep 2026 10-Q is new information. 15 paragraphs were added, 300 changed, and 35 removed. Below are the most important lines SECSift identified.

• Item 2 129
• Item 1 105
• Item 3 7
• Item 5 1
• Item 4 1
• Item 6 1