BlackRock increased the total compensation package for Chief Executive Officer Larry Fink for 2025 to $37.7 million, according to a recent proxy filing by the asset manager. The payout reflects a package that includes a $1.5 million base salary and a cash bonus of $10.6 million.
The 2025 figure marks a rise from Fink’s 2024 compensation of $30.8 million. The filing shows that a $6.5 million increase in stock awards accounted for a meaningful portion of the overall uplift in pay for the year.
In a letter to investors included with the filing, Fink wrote: "We’re entering 2026 with elevated momentum and we’re positioned ahead of significant future opportunities." The comment accompanied the disclosure of the executive pay figures.
The proxy filing also referenced investor scrutiny of executive pay. Proxy adviser Institutional Shareholder Services recommended last year that shareholders oppose pay packages for senior executives at the firm, including Fink. Following that recommendation, BlackRock said it received 67% of votes cast in support of its executive compensation.
Financial performance and asset growth at the firm provide context for the pay increase. BlackRock reported in January that its assets under management had climbed to a record $14 trillion. The company also exceeded Wall Street profit expectations in the fourth quarter of 2025, generating a net profit of $2.18 billion after excluding certain one-time charges.
Market performance for BlackRock shares has shown mixed signals. Share prices rose 4.5% in 2025, but have retreated by more than 12% so far in the current year, according to the filing disclosures.
The proxy filing lays out the formal compensation components and vote outcomes without projecting future changes. The company and its shareholders will continue to monitor performance metrics and governance feedback as they move toward 2026.