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Financials · BLK

BlackRock Inc. (BLK) financials

For the twelve months ended Sep 30, 2026, BlackRock Inc. reported $28.54B of revenue and $6.91B of net income.

Revenue, TTM
$28.54B
Revenue growth, YoY
+24.7%
Net income, TTM
$6.91B
Net income growth, YoY
+13.4%
Net margin
24.2%
Free cash flow, TTM
$4.78B
EPS, diluted, TTM
$43.87
EPS growth, YoY
+12.8%
Cash
$12.88B
Total debt
$12.74B
P/E
26.34
P/S
6.38
Market cap
$182.05B
Annual revenue$24.22B
FY2022FY2025
Annual net income$5.55B
FY2022FY2025
Annual free cash flow$3.55B
FY2022FY2025

BLK revenue and earnings growth

BLK revenueQ3 2026$7.75B

Quarter YoY
+19.1%
QoQ
+9.4%
FY YoY
+18.7%

BLK revenue was $7.75B in fiscal Q3 2026 (ended Sep 30, 2026), up 19.1% from a year earlier and up 9.4% from the prior quarter. For the full fiscal 2025 it was $24.22B, up 18.7% from fiscal 2024. It rose in 2 of the last 3 fiscal years.

BLK net incomeQ3 2026$1.66B

Quarter YoY
+25.4%
QoQ
-13.3%
FY YoY
-12.8%

BLK net income was $1.66B in fiscal Q3 2026 (ended Sep 30, 2026), up 25.4% from a year earlier and down 13.3% from the prior quarter. For the full fiscal 2025 it was $5.55B, down 12.8% from fiscal 2024. It rose in 2 of the last 3 fiscal years.

BLK EPSQ3 2026$10.57

Quarter YoY
+25.4%
QoQ
-13.3%
FY YoY
-15.9%

BLK diluted EPS was $10.57 in fiscal Q3 2026 (ended Sep 30, 2026), up 25.4% from a year earlier and down 13.3% from the prior quarter. For the full fiscal 2025 it was $35.31, down 15.9% from fiscal 2024.

BLK free cash flowQ3 2026$2.60B

Quarter YoY
+95.0%
QoQ
+133.0%
FY YoY
-24.4%

BLK free cash flow was $2.60B in fiscal Q3 2026 (ended Sep 30, 2026), up 95.0% from a year earlier and up 133.0% from the prior quarter. For the full fiscal 2025 it was $3.55B, down 24.4% from fiscal 2024. It rose in 1 of the last 3 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue$24.22B$20.41B$17.86B$17.87B
Selling, general and admin$2.73B$2.26B$2.09B$2.06B
Operating income$7.04B$7.57B$6.28B$6.38B
Interest expense$614.00M$538.00M$292.00M$212.00M
Pre-tax income$7.62B$8.29B$7.16B$6.29B
Income tax$1.68B$1.78B$1.48B$1.30B
Net income$5.55B$6.37B$5.50B$5.18B
EPS, basic$35.83$42.45$36.85$34.31
EPS, diluted$35.31$42.01$36.51$33.97
Diluted shares160.9M151.6M150.7M152.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Cash and equivalents$11.47B$12.78B$8.75B$7.43B
Goodwill$35.28B$25.95B$15.52B$15.34B
Total assets$170.00B$138.62B$123.21B-
Total debt$12.77B$12.31B$7.92B-
Total liabilities$108.46B$89.26B$81.97B-
Shareholders' equity$55.89B$47.66B$39.50B$37.88B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Operating cash flow$3.93B$4.96B$4.17B$4.96B
Capital expenditures$375.00M$255.00M$344.00M$533.00M
Free cash flow$3.55B$4.70B$3.82B$4.42B
Investing cash flow-$4.42B-$3.00B-$959.00M-$1.13B
Financing cash flow-$1.13B$2.24B-$1.99B-$5.44B
Dividends paid-$3.10B$3.04B$2.99B
Share repurchases-$1.93B$1.88B$2.33B
Stock-based compensation$1.31B$753.00M$630.00M$708.00M
Depreciation and amortization$1.13B$529.00M$427.00M$418.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue growth, YoY18.7%14.3%-0.1%-
Net income growth, YoY-12.8%15.8%6.3%-
EPS growth, YoY-15.9%15.1%7.5%-
Operating margin29.1%37.1%35.1%35.7%
Net margin22.9%31.2%30.8%29.0%
Free cash flow margin14.7%23.0%21.4%24.7%
Return on equity9.9%13.4%13.9%13.7%
Return on assets3.3%4.6%4.5%-
Debt to equity0.230.260.20-

Source: XBRL data BlackRock Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BLK peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BLK$28.54B+24.7%$6.91B24.2%$182.05B
MS$80.16B+16.2%$20.45B25.5%$284.96B
GS$69.70B+18.7%$22.17B31.8%$249.73B
SCHW$27.06B+18.1%$10.64B39.3%$158.22B
CME$6.97B+9.0%$4.43B63.5%$109.49B
ICE$14.05B+12.1%$4.16B29.6%$96.27B
HOOD$5.08B+20.9%$1.98B39.0%$72.86B
NDAQ$9.15B+11.5%$2.08B22.8%$59.44B
IBKR$7.12B+19.7%$1.18B16.5%$34.35B

BLK FAQ

8 questions
  • What is BLK revenue?
    BlackRock Inc. (BLK) reported $28.54B of revenue for the twelve months ended Sep 30, 2026. That is up 24.7% from the year before. Revenue for fiscal 2025 was $24.22B.
  • Is BLK profitable?
    Yes. BlackRock Inc. earned $6.91B in net income for the twelve months ended Sep 30, 2026, a net margin of 24.2%.
  • How much cash and debt does BLK have?
    BlackRock Inc. reported $12.88B in cash and cash equivalents and $12.74B of debt on its most recent balance sheet in SEC filings.
  • How fast is BLK revenue growing?
    BlackRock Inc.'s revenue changed +18.7% in fiscal 2025, to $24.22B.
  • What is BLK free cash flow?
    BlackRock Inc. generated $4.78B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $5.23B less capital expenditures.
  • What is BLK earnings per share?
    Diluted earnings per share were $43.87 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BLK last report financial results?
    The latest statements here come from BlackRock Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this BLK financial data come from?
    Quantisnow builds these statements from the structured XBRL data BlackRock Inc. files with the SEC. It is provided for information only and is not investment advice.