Pair Fairness

BlackRock’s Pay Fairness Analysisⁱ

BlackRock’s commitment to Pay Fairness reflects our focus on attracting, developing and retaining the best possible talent, which in turn allows us to provide the most value for our clients.

Our annual Pay Fairness analysisⁱⁱ evaluates the extent to which employees in comparable roles with similar impact are paid fairly relative to one another, which is consistent with BlackRock’s pay for performance philosophy. Pay fairness analysis is the comparison of pay after controlling for professional characteristics and job factors that are drivers of pay, such as performance, role and geographic location. The firm partners with third-party experts to conduct this analysis.

When comparing the adjusted pay results of bonus-eligibleⁱⁱⁱ employees, BlackRock found that the total compensation^iv of the firm’s global women employees and non-white employees in the U.S. was 99¢ for every $1.00 earned by their comparable men or white U.S. colleagues, respectively.

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^{i. Pay fairness analysis compare men and women employees, globally; and white and non-white employees, in the U.S.
ii. The 2024 pay fairness analysis was conducted in January 2025 using the total compensation of employees who were bonus-eligible during the 2024 annual compensation review. Generally, employees who joined BlackRock prior to October 1 are bonus-eligible for the year.
iii. 99% of all 2024 bonus-eligible employees have been included in the 2024 pay fairness analysis.
iv. Total compensation includes salary, allowance, annual bonus, commission, and annual stock-based incentives.}