Vote Scores

Home / Families / BlackRock and iShares / year to 30 June 2025

Form N-PX · fund family · year to 30 June 202563 filers grouped

BlackRock and iShares

One season of the BlackRock and iShares record. The family page shows the latest season.

Vote records reported
1,748,501year to 30 June 2025
Against management
7.5%120,046 of 1,607,015 marked votes
Say-on-pay support
89.3%for, of for + against + abstain
Shareholder-proposal support
7.6%for, of for + against + abstain
90.0% for7.1% against2.9% other7.5% against management1,611,869 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

For the year to 30 June 2025, BlackRock and iShares reported 1,748,501 vote records on Form N-PX. 120,046 of the 1,607,015 votes that were marked for or against management went against management: 7.5%, close to the median of the fund families tracked here (7.6%).

Weighted by the number of shares voted, the against-management share is 12.2%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 89.3% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 7.6% of the proposals put forward by security holders (the median of the fund families tracked here: 29.5%).

By category, votes against management were most frequent in EXTRAORDINARY TRANSACTIONS (14.9% of 46,118), SECTION 14A SAY-ON-PAY VOTES (10.7% of 178,005) and CORPORATE GOVERNANCE (10.4% of 187,476).

It reported 65.40 billion shares out on loan at record dates, 2.31% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 60 families with at least 25 vote records in the season.

year to 30 June 2025This familyMedian familyAll filers pooled
Against-management share7.5%7.6%9.7%
Say-on-pay support rate89.3%88.8%84.3%
Shareholder-proposal support rate7.6%29.5%33.0%
Shares on loan, share of shares held2.31%0.85%2.20%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Of the 1,748,501 vote records in this filing, 143,334 carry something the form does not expect: a missing vote source or category, a record with no vote line, a meeting date that cannot be read, or a security identifier this site could not use. They are counted as filed. What is checked

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS851,441793,12431,1106.3%
SECTION 14A SAY-ON-PAY VOTES178,728151,99518,11810.7%
AUDIT-RELATED114,068111,9401,3521.7%
INVESTMENT COMPANY MATTERS17217200.0%
SHAREHOLDER RIGHTS AND DEFENSES16,29413,1612,7059.8%
EXTRAORDINARY TRANSACTIONS46,14639,2396,64214.9%
CAPITAL STRUCTURE129,603117,71710,9478.2%
COMPENSATION113,529101,10411,1418.7%
CORPORATE GOVERNANCE189,653158,46721,69510.4%
ENVIRONMENT OR CLIMATE8,2001,1207,0712.1%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE6,9765136,4242.5%
DIVERSITY, EQUITY, AND INCLUSION4,9053354,5151.8%
OTHER SOCIAL ISSUES12,6684,9877,5365.9%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20241,730,2066.6%93.3%31.4%
year to 30 June 20251,748,5017.5%89.3%7.6%
year to 30 June 20261,861,2527.5%88.3%11.9%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, BlackRock and iShares voted against management on 641 of the 5,344 it marked either way (12.0%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.

A further 68 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 821 proposals from security holders that could be told apart in the filings and on which it cast a vote, BlackRock and iShares voted for 82 (10.0%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding dual class capital structure.
The Charles Schwab Corporation22 May 2025Stockholder proposal requesting declassification of the board of directors
DUKE ENERGY CORPORATION1 May 2025Shareholder proposal regarding support simple majority vote
Boston Scientific Corporation1 May 2025Stockholder proposal titled "Support Simple Majority Vote."
Cintas Corporation29 Oct 2024A shareholder proposal regarding political disclosure
Snowflake Inc.2 Jul 2024To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal...
Keysight Technologies, Inc.20 Mar 2025Declassify the Board of Directors
Regions Financial Corporation16 Apr 2025Shareholder Proposal Relating to Simple Majority Vote.
Hologic, Inc.26 Feb 2025Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter...
Alexandria Real Estate Equities, Inc.13 May 2025To consider and vote upon a stockholder proposal titled "Simple Majority Vote".
Markel Group Inc.21 May 2025Shareholder proposal for simple majority vote.
Alphabet Inc.6 Jun 2025Stockholder proposal regarding equal shareholder voting
Medpace Holdings, Inc.16 May 2025Stockholder proposal regarding implementation of simple majority voting
Murphy USA Inc.1 May 2025Declassify the Board of Directors
Arrow Electronics, Inc.6 May 2025Advisory approval of a shareholder proposal to replace supermajority voting provisions in our charter and...
Dropbox, Inc.15 May 2025A stockholder proposal to impose vesting provisions on our Class B common stack.
Hyatt Hotels Corporation21 May 2025Say on pay
First American Financial Corporation13 May 2025To vote on a non-binding stockholder proposal requesting simple majority voting requirements
AutoNation, Inc.23 Apr 2025Adoption of stockholder proposal regarding political contributions.
Post Holdings, Inc.30 Jan 2025Shareholder proposal to eliminate all supermajority voting requirements.
Meritage Homes Corporation22 May 2025Shareholder proposal to support transparency in political spending.
Sensata Technologies Holding Plc10 Jun 2025S/h proposal - corporate governance
UBS GROUP AG10 Apr 2025Compensation
ICU Medical, Inc.13 May 2025To approve, on an advisory basis, a stockholder proposal to adopt simple majority voting.
nCino, Inc.18 Jun 2025Stockholder proposal regarding board declassification.
Papa John's International, Inc.1 May 2025Stockholder proposal regarding simple majority vote
Cracker Barrel Old Country Store, Inc.21 Nov 2024Shareholder proposal requesting the Company disclose targets for reducing greenhouse gas emissions.
Vector Group Ltd.20 Aug 2024Advisory vote on a stockholder proposal requesting the Company to amend its governing documents to require...
Charter Communications, Inc.22 Apr 2025Stockholder proposal regarding political expenditures report.
Portillo's Inc.10 Jun 2025S/H Proposal - Corporate Governance Shareholder Proposal Regarding Stockholders' Ability to Call Special...
Enel SpA22 May 2025Shareholder proposal: AUDIT-RELATED
Universal Health Services, Inc.14 May 2025Declassify the Board of Directors
Douglas Elliman Inc.21 Aug 2024Advisory vote on a stockholder proposal requesting the Company amend its governing documents to declassify...
KONINKLIJKE PHILIPS N.V.8 May 2025Advisory vote on the Remuneration Report 2024
INTERNATIONAL GAME TECHNOLOGY PLC13 May 2025To authorise the Company to make political donations and expenditure
Tejon Ranch Co.13 May 2025Shareholder proposal: CORPORATE GOVERNANCE
Assicurazioni Generali SpA23 Apr 2025Shareholder proposal: CORPORATE GOVERNANCE
SNAM SpA14 May 2025Shareholder proposal: AUDIT-RELATED
Poste Italiane SpA30 May 2025Shareholder proposal: AUDIT-RELATED
National Beverage Corp.4 Oct 2024Shareholder proposal requesting annual preparation and disclosure of a comprehensive Environmental, Social...

Shares on loan

BlackRock and iShares reported 65.40 billion shares on loan at record dates against 2.76 trillion shares voted: 2.31% of the two together. Median family: 0.85%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Questions

How did BlackRock and iShares vote on executive pay?

In the year to 30 June 2025 BlackRock and iShares reported 170,214 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 151,929 were for (89.3%), 18,117 against and 168 abstentions. Counting one item per company meeting, it voted against management on 641 of the 5,344 say-on-pay items it marked either way. A further 68 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does BlackRock and iShares vote against management?

7.5% of the time in the year to 30 June 2025: 120,046 of the 1,607,015 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did BlackRock and iShares support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 7,228 votes on proposals from security holders in the year to 30 June 2025 and voted for 159 of them (2.2%). Across every category it voted for 7.6% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of the registrants and managers grouped under this family on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Back to the BlackRock and iShares family page · All filers in the year to 30 June 2025

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings of the filers grouped under BlackRock and iShares, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.