BlackRock, Inc. (BLK) Financial Statements
BlackRock financial statements at a glance
BlackRock reported revenue of $24.22 billion for fiscal year 2025 (ended December 31, 2025), up 18.7% from fiscal year 2024. Net income was $5.55 billion, a net margin of 22.9%, and diluted earnings per share were $35.31.
At the end of fiscal year 2025 it had total assets of $170.00 billion, total liabilities of $108.46 billion and shareholders' equity of $55.89 billion, with cash and short-term investments of $14.26 billion and total debt of $15.00 billion.
Its operations brought in $3.93 billion of cash; capital spending was $375.00 million, leaving free cash flow of $3.55 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
BlackRock, Inc.
Income Statement
Annual • USD
BlackRock key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $24.2B | $20.4B | $17.9B | $17.9B | $19.4B |
| Gross profit | $11.3B | $16.6B | $14.5B | $14.5B | $9.8B |
| Operating income | $7.9B | $7.6B | $6.3B | $6.4B | $7.5B |
| Net income | $5.6B | $6.4B | $5.5B | $5.2B | $5.9B |
| Diluted EPS | $35.31 | – | – | – | $38.07 |
| Total assets | $170.0B | $138.6B | $123.2B | $117.6B | $152.6B |
| Total liabilities | $108.5B | $91.1B | $83.9B | $79.9B | $113.8B |
| Shareholders' equity | $55.9B | $47.5B | $39.3B | $37.7B | $37.7B |
| Cash and short-term investments | $14.3B | – | – | – | $9.3B |
| Total debt | $15.0B | $12.3B | $7.9B | $6.7B | $9.3B |
| Operating cash flow | $3.9B | $5.0B | $4.2B | $5.0B | $4.9B |
| Capital spending | $375.0M | – | – | – | $341.0M |
| Free cash flow | $3.6B | – | – | – | $4.6B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was BlackRock's revenue in fiscal year 2025?
$24.22 billion, up 18.7% from $20.41 billion in fiscal year 2024.
How much profit does BlackRock make?
BlackRock reported net income of $5.55 billion for fiscal year 2025 (22.9% of revenue); operating income was $7.91 billion.
How much cash and debt does BlackRock have?
At the end of fiscal year 2025: cash and short-term investments of $14.26 billion and total debt of $15.00 billion.
What is BlackRock's free cash flow?
$3.55 billion in fiscal year 2025 (operating cash flow of $3.93 billion minus capital spending of $375.00 million).
