BLK BlackRock, Inc.
NYSEFinancialsSecurity Brokers, Dealers & Flotation CompaniesNew York, NYFY ends December 31
FY2025 at a glance
Fundamentals from SEC filings, not quotes- Revenue
- $24.2BYoY—ended Dec 31, 2025
- Net income
- $5.55B22.9% margin
- Diluted EPS
- $35.31YoYdown 15.95%
- Free cash flow
- $3.55B14.7% margin
- Cash
- $11.5B
- Total debt
- —Not meaningful for financial companies
Overview
BlackRock, Inc. (BLK) is listed on NYSE; the SEC classifies it under "Security Brokers, Dealers & Flotation Companies".
For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $24.22B.
Net income was $5.55B, a net margin of 22.9%.
At fiscal year end it had total assets of $170B and stockholders' equity of $55.89B (32.9% of assets).
Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.
- Fiscal years shown
- FY2024–FY2025 (2 years)
- Latest 10-K
- Feb 25, 2026
- Latest filing
- 8-KOct 14, 2026
Charts
Revenue and net income
| Period | Revenue | Net income | Net margin |
|---|---|---|---|
| FY2024 | $12.8B | $6.37B | 49.8% |
| FY2025 | $24.2B | $5.55B | 22.9% |
Gross, operating and net margin
| Period | Operating margin | Net margin |
|---|---|---|
| FY2024 | 59.2% | 49.8% |
| FY2025 | 29.1% | 22.9% |
Gross margin: Not meaningful for financial companies
Diluted EPS
| Period | EPS (diluted) |
|---|---|
| FY2024 | $42.01 |
| FY2025 | $35.31 |
Free cash flow vs net income
| Period | Free cash flow | Net income |
|---|---|---|
| FY2024 | $4.7B | $6.37B |
| FY2025 | $3.55B | $5.55B |
Diluted shares
| Period | Diluted shares (weighted) |
|---|---|
| FY2024 | 152M |
| FY2025 | 161M |
Cash vs total debt
| Period | Cash & equivalents |
|---|---|
| FY2024 | $12.8B |
| FY2025 | $11.5B |
Total debt: Not meaningful for financial companies
Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.
Ratios
Profitability
- Gross marginNot meaningful for financial companies
- —
- Operating margin
- 29.1%
- Net margin
- 22.9%
- FCF margin
- 14.7%
- Return on equity
- 10.7%
- Return on assets
- 3.6%
Growth
| Metric | 1y | 3y CAGR |
|---|---|---|
| Revenue | — | — |
| EPS (diluted) | down 15.95% | — |
| Free cash flow | down 24.44% | — |
- Change in share count
- +6.10%
Financial strength
- Current ratioNot meaningful for financial companies
- —
- Debt / equityNot meaningful for financial companies
- —
- Liabilities / assets
- 63.8%
- Net debtNot meaningful for financial companies
- —
- Interest coverageNot meaningful for financial companies
- —
- Equity / assets
- 32.9%
Shareholder returns
- Dividends per share
- $20.84
- Dividends paid
- —
- Buybacks
- —
- Payout ratio
- —
- Stock comp. / revenue
- 5.4%
Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.
Quality screens
Piotroski F-Score
Not meaningful for financial companies.
Altman Z''-Score
Not meaningful for financial companies.
Screening heuristic, not a recommendation. Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.
Financial statements
USD millions, except per-share figures (USD). Share counts in millions.
Income statement
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 |
|---|---|---|
| Revenue | 24,216 | 12,794 |
| Operating income | 7,045 | 7,574 |
| Interest expense | 614 | 538 |
| Pretax income | 7,619 | 8,295 |
| Income tax | 1,677 | 1,783 |
| Net income | 5,553 | 6,369 |
| YoY (Net income) | -12.81% | — |
| EPS (basic) | 35.83 | 42.45 |
| EPS (diluted) | 35.31 | 42.01 |
| YoY (EPS (diluted)) | -15.95% | — |
| Diluted shares (weighted) | 161 | 152 |
Balance sheet
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 |
|---|---|---|
| Cash & equivalents | 11,468 | 12,762 |
| Goodwill | 35,283 | 25,949 |
| Intangible assets | 27,968 | 20,743 |
| Total assets | 169,998 | 138,615 |
| Long-term debt | 12,768 | 12,314 |
| Total liabilities | 108,456 | 89,260 |
| Stockholders' equity | 55,888 | 47,495 |
| Shares outstanding | 155 | 155 |
Cash flow
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 3,927 | 4,956 |
| Capital expenditures | 375 | 255 |
| Free cash flow | 3,552 | 4,701 |
| YoY (Free cash flow) | -24.44% | — |
| Depreciation & amortization | 297 | 270 |
| Stock-based compensation | 1,307 | 753 |
| Share repurchases | — | 1,930 |
| Dividends paid | — | 3,101 |
| Dividends per share | 20.84 | 20.40 |
Key financials (annual, 10-K)
Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.
Filing timeline
- 8-KCurrent report· Oct 14, 2026(SEC EDGAR)
- 2.02Results of operations
- 7.01Regulation FD disclosure
- 9.01Financial statements and exhibits
- 10-QQuarterly report· Jun 30, 2026(SEC EDGAR)
- 8-KCurrent report· Jul 15, 2026(SEC EDGAR)
- 2.02Results of operations
- 7.01Regulation FD disclosure
- 9.01Financial statements and exhibits
- 8-KCurrent report· Jun 30, 2026(SEC EDGAR)
- 8.01Other events
- 9.01Financial statements and exhibits
- 8-KCurrent report· May 20, 2026(SEC EDGAR)
- 5.07Shareholder vote results
- 10-QQuarterly report· Mar 31, 2026(SEC EDGAR)
- 8-KCurrent report· Apr 14, 2026(SEC EDGAR)
- 2.02Results of operations
- 7.01Regulation FD disclosure
- 9.01Financial statements and exhibits
- DEF 14AProxy statement· May 20, 2026(SEC EDGAR)
- 8-KCurrent report· Mar 31, 2026(SEC EDGAR)
- 1.01Material agreement
- 2.03New financial obligation
- 9.01Financial statements and exhibits
- 10-KAnnual report· Dec 31, 2025(SEC EDGAR)
Peers (same SIC code)
| Ticker | Revenue (FY) | YoY | Net margin | ROE | F-Score | 5y revenue |
|---|---|---|---|---|---|---|
| MSMORGAN STANLEY | $70.6B | — | 23.9% | — | — | — |
| GSGOLDMAN SACHS GROUP INC | $58.3B | — | 29.5% | — | — | — |
| BLKBlackRock, Inc. (This company) | $24.2B | — | 22.9% | 10.7% | — | |
| SCHWSCHWAB CHARLES CORP | $23.9B | up 22.01% | 37.0% | 18.1% | — | |
| IBKRInteractive Brokers Group, Inc. | $6.21B | up 19.67% | — | — | — | |
| Peer median | $41.1B | up 20.84% | 29.5% | 18.1% | — | — |
Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.
Frequently asked questions
What does BlackRock, Inc. do?
The SEC classifies BlackRock, Inc. under Standard Industrial Classification (SIC) code 6211, "Security Brokers, Dealers & Flotation Companies". It is headquartered in New York, NY. It is incorporated in DE. In fiscal 2025 it reported revenue of $24.22B and net income of $5.55B in its annual 10-K report.
What was BlackRock, Inc.'s revenue in 2025?
BlackRock, Inc. reported revenue of $24.22B for fiscal 2025, which ended Dec 31, 2025, according to its annual 10-K report filed with the SEC on Feb 25, 2026.
What was BlackRock, Inc.'s net income in 2025?
BlackRock, Inc. reported net income of $5.55B for fiscal 2025, a net margin of 22.9% of revenue.
Where is BlackRock, Inc. listed?
According to the SEC, BlackRock, Inc.'s ticker BLK is listed on NYSE.
When does BlackRock, Inc.'s fiscal year end?
According to the SEC, BlackRock, Inc.'s fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.
Source: SEC EDGAR · Last updated:
Ver en españolNot investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.