NYSE · Financial Statements

BlackRock, Inc. (BLK) Financial Statements

$1118.25 NYSE: BLK Market Cap $173.18B

BlackRock, Inc. most recently reported annual revenue of $24.2B, net profit of $5.6B. Revenue grew at an average annual rate of 8.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

BlackRock, Inc.: Revenue rose from $12.3B in 2016 to $24.2B in 2025, a change of +97.5% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 37.3% to 29.1%, a shift of -8.2 percentage points; the most recent year shows net profit of $5.6B.

Income Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$12.3B	$13.6B	$14.2B	$14.5B	$16.2B	$19.4B	$17.9B	$17.9B	$20.4B	$24.2B
Operating Expenses	$7.7B	$8.3B	$8.7B	$9.0B	$10.5B	$11.9B	$11.5B	$11.6B	$12.8B	$17.2B
Operating Profit	$4.6B	$5.3B	$5.5B	$5.6B	$5.7B	$7.5B	$6.4B	$6.3B	$7.6B	$7.0B
Operating Margin	37.3%	38.6%	38.4%	38.2%	35.1%	38.5%	35.7%	35.1%	37.1%	29.1%
Other Income	$-110.0M	$5.0M	$-79.0M	$236.0M	$829.0M	$723.0M	$-95.0M	$880.0M	$721.0M	$576.0M
Interest	$205.0M	$205.0M	$184.0M	$203.0M	$205.0M	$205.0M	$212.0M	$292.0M	$538.0M	$706.0M
Depreciation	$263.0M	$240.0M	$220.0M	$296.0M	$358.0M	$415.0M	$418.0M	$427.0M	$529.0M	$775.0M
Profit Before Tax	$4.5B	$5.3B	$5.4B	$5.8B	$6.5B	$8.2B	$6.3B	$7.2B	$8.3B	$7.6B
Tax	$28.9M	$5.1M	$20.0M	$21.8M	$19.0M	$24.1M	$20.6M	$20.7M	$21.5M	$22.0M
Net Profit	$3.2B	$5.0B	$4.3B	$4.5B	$4.9B	$5.9B	$5.2B	$5.5B	$6.4B	$5.6B
EPS	$18.94	$30.00	$26.48	$28.43	$31.85	$38.22	$33.97	$36.51	$42.01	$35.31
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$4.5B	$4.6B	$4.7B	$4.8B	$5.2B	$5.7B	$5.3B	$5.4B	$6.5B	$7.0B	$6.7B	$7.1B
Operating Expenses	$2.9B	$3.0B	$3.0B	$3.0B	$3.2B	$3.6B	$3.6B	$3.7B	$4.5B	$5.3B	$4.4B	$4.6B
Operating Profit	$1.6B	$1.6B	$1.7B	$1.8B	$2.0B	$2.1B	$1.7B	$1.7B	$2.0B	$1.7B	$2.3B	$2.5B
Operating Margin	36.2%	34.2%	35.8%	37.5%	38.6%	36.5%	32.2%	31.9%	31.4%	23.7%	33.8%	35.7%
Interest	$82.0M	$82.0M	$92.0M	$126.0M	$154.0M	$166.0M	$166.0M	$173.0M	$383.0M	$16.0M	$44.0M	$25.0M
Profit Before Tax	$1.8B	$1.9B	$1.9B	$2.0B	$2.3B	$2.1B	$1.8B	$2.3B	$2.0B	$1.6B	$2.8B	$2.7B
Tax	$11.8M	$22.7M	$15.2M	$23.7M	$25.3M	$21.0M	$14.1M	$26.1M	$23.5M	$23.1M	$18.2M	$24.9M
Net Profit	$1.6B	$1.4B	$1.6B	$1.5B	$1.6B	$1.7B	$1.5B	$1.6B	$1.3B	$1.1B	$2.2B	$1.9B
EPS	$10.66	$9.15	$10.48	$9.99	$10.90	$10.64	$9.64	$10.19	$8.43	$7.16	$14.06	$12.19

Over the 10 years reported for BlackRock, Inc., borrowings increased from $4.9B in 2016 to $15.0B in 2025, cash stood at $11.5B in the latest year, shareholders' equity was $2.0M, current assets covered current liabilities 15.76 times.

Balance Sheet — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$220.2B	$220.2B	$159.6B	$168.6B	$177.0B	$152.6B	$117.6B	$123.2B	$138.6B	$170.0B
Current Assets	$37.1B	$35.4B	$29.8B	$23.5B	$28.7B	$20.2B	$18.2B	$19.4B	$25.2B	$27.4B
Cash	$6.2B	$7.0B	$6.5B	$4.8B	$8.7B	$9.3B	$7.4B	$8.7B	$12.8B	$11.5B
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Receivables	$3.1B	$4.2B	$2.7B	$3.2B	$3.5B	$3.8B	$3.6B	$4.1B	$4.4B	$5.2B
Fixed Assets	$559.0M	$592.0M	$643.0M	$715.0M	$1.3B	$2.4B	$2.5B	$2.5B	$2.6B	$3.1B
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$1.6B	$2.0B	$4.5B	$5.5B	$6.9B	$7.3B	$7.0B	$9.4B	$9.5B	$13.2B
Other Assets	$13.1B	$13.2B	$13.5B	$14.6B	$14.6B	$15.4B	$15.3B	$15.5B	$25.9B	$35.3B
Total Liabilities	$190.8B	$187.9B	$126.0B	$133.7B	$139.3B	$113.8B	$78.8B	$82.0B	$89.3B	$108.5B
Current Liabilities	$880.0M	$1.2B	$1.3B	$1.2B	$1.0B	$1.4B	$1.3B	$1.2B	$1.5B	$1.7B
Borrowings	$4.9B	$5.0B	$5.0B	$5.0B	$8.0B	$9.3B	$8.5B	$9.7B	$14.2B	$15.0B
Other Liabilities	$185.9B	$182.9B	$121.1B	$128.7B	$131.3B	$104.4B	$70.4B	$72.3B	$75.0B	$93.5B
Equity	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M
Reserves	$29.1B	$31.8B	$32.4B	$33.5B	$35.3B	$37.7B	$37.7B	$39.3B	$47.5B	$55.9B

For BlackRock, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $3.6B; free cash flow was positive in 10 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$2.2B	$3.8B	$3.1B	$2.9B	$3.7B	$4.9B	$5.0B	$4.2B	$5.0B	$3.9B
Investing Cash Flow	$-307.0M	$-742.0M	$-1.0B	$-2.3B	$-448.0M	$-2.3B	$-1.7B	$-1.3B	$-3.3B	$-4.8B
Financing Cash Flow	$-140.0M	$-965.0M	$-837.0M	$-590.0M	$208.0M	$-13.0M	$-1.7B	$-136.0M	$921.0M	$1.9B
Net Cash Flow	$8.0M	$803.0M	$-591.0M	$-1.7B	$3.8B	$659.0M	$-1.9B	$1.3B	$4.0B	$-1.3B
Free Cash Flow	$2.0B	$3.7B	$2.9B	$2.6B	$3.5B	$4.6B	$4.4B	$3.8B	$4.7B	$3.6B

Valuation & Return Ratios

Metric	Value
PEG Ratio	19.14
EV / EBITDA	16.17
FCF Yield	1.38%
Quick Ratio	1.35
Interest Coverage	18.15
Return 1Y	1.52%
Return 3Y	95.22%
Return 5Y	40.87%

BlackRock, Inc. (BLK) financials — frequently asked questions

What is BlackRock, Inc.'s annual revenue?

BlackRock, Inc. (BLK) reported annual revenue of $24.2B in its most recent fiscal year.

What is BlackRock, Inc.'s net profit?

BlackRock, Inc. (BLK) reported net profit of $5.6B in its most recent fiscal year.

What is BLK EV/EBITDA?

BlackRock, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 16.17.

Related stock screens

High ROE Financial Services Stocks Low P/E Financial Services Stocks High Net Margin Financial Services Stocks Dividend Financial Services Stocks Low Debt Financial Services Stocks High ROE Stocks Low P/E Stocks High Net Margin Stocks Dividend Stocks Low Debt Stocks NYSE High ROE Stocks All stock screens

BLK Overview BLK Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.