Blackrock, Inc. (BLK) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BLK SEC filings page.
Blackrock, Inc. (BLK) reported $27.3B in revenue over the twelve months to Jun 30, 2026, up 26.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue expanded sharply in FY2025, but rising operating costs and weaker cash conversion reduced the earnings produced by each dollar.
In FY2025, revenue increased18.7% while operating margin fell from37.1% to29.1% , indicating that costs absorbed growth rather than scale translating into profit. The sharper issue is cash: operating cash flow fell20.7% while net income fell12.8% , so reported earnings converted into less cash than in FY2024.
Total assets grew
Returns weakened alongside margins: return on assets fell from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Blackrock, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Blackrock, Inc. has an operating margin of 29.1%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 95/100, reflecting efficient cost management and pricing power. This is down from 37.1% the prior year.
Blackrock, Inc.'s revenue surged 18.7% year-over-year to $24.2B, reflecting rapid business expansion. This strong growth earns a score of 78/100.
Blackrock, Inc. carries a low D/E ratio of 0.23, meaning only $0.23 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.
Not available for Blackrock, Inc., and counted as zero in the overall score.
Blackrock, Inc. converts 14.7% of revenue into free cash flow ($3.6B). This strong cash generation earns a score of 84/100.
Not available for Blackrock, Inc., and counted as zero in the overall score.
Blackrock, Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Blackrock, Inc. generates $0.71 in operating cash flow ($3.9B OCF vs $5.6B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Blackrock, Inc. earns $11.47 in operating income for every $1 of interest expense ($7.0B vs $614.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Blackrock, Inc. generated $7.1B in revenue in Q2 2026. This represents an increase of 30.6% from the same quarter a year earlier. Against the prior quarter it is up 5.8%.
Blackrock, Inc.'s EBITDA was $2.8B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 46.1% from the same quarter a year earlier. Against the prior quarter it is down 10.9%.
Blackrock, Inc. reported $1.9B in net income in Q2 2026. This represents an increase of 20.2% from the same quarter a year earlier. Against the prior quarter it is down 13.5%.
Blackrock, Inc. earned $12.19 per diluted share (EPS) in Q2 2026. This represents an increase of 19.6% from the same quarter a year earlier. Against the prior quarter it is down 13.3%.
Cash & Balance Sheet
Blackrock, Inc. generated $1.1B in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 12.3% from the same quarter a year earlier. Against the prior quarter it is up 202.9%.
Blackrock, Inc. held $10.5B in cash against $12.7B in long-term debt as of Q2 2026.
Blackrock, Inc. paid $5.73 per share in dividends in Q2 2026. This represents an increase of 10.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Blackrock, Inc.'s operating margin was 34.7% in Q2 2026, reflecting core business profitability. This is up 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.3 percentage points.
Blackrock, Inc.'s net profit margin was 27.0% in Q2 2026, showing the share of revenue converted to profit. This is down 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.0 percentage points.
Blackrock, Inc.'s ROE was 3.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.6 percentage points.
Not reported for Q2 2026.
Capital Allocation
Blackrock, Inc. invested $109.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 22.5% from the same quarter a year earlier. Against the prior quarter it is up 2.8%.
Not reported for Q2 2026.
Not reported for Q2 2026.
BLK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.1B+30.6% | $6.7B+27.0% | $7.0B+23.4% | $6.5B+25.2% | $5.4B+12.9% | $5.3B+11.6% | $5.7B | $5.2B+14.9% |
| SG&A Expenses | $720.0M+17.5% | $674.0M+9.6% | $721.0M+14.1% | $782.0M+39.1% | $613.0M+14.8% | $615.0M+16.3% | $632.0M | $562.0M+8.5% |
| Operating Income | $2.5B+42.2% | $2.8B+65.7% | $1.7B-20.0% | $2.0B-2.5% | $1.7B-3.8% | $1.7B+0.3% | $2.1B | $2.0B+22.5% |
| EBITDA | $2.8B+46.1% | $3.2B+68.8% | $1.2B-40.4% | $2.3B+8.7% | $1.9B+2.1% | $1.9B+4.9% | $2.0B | $2.1B |
| Interest Expense | $134.0M-22.5% | $134.0M-19.3% | $140.0M-15.7% | $135.0M-12.3% | $173.0M+37.3% | $166.0M+80.4% | $166.0M | $154.0M+87.8% |
| Income Tax | $677.0M+15.3% | $516.0M+108.1% | $372.0M-15.8% | $470.0M-18.1% | $587.0M+23.1% | $248.0M-14.5% | $442.0M | $574.0M+169.5% |
| Net Income | $1.9B+20.2% | $2.2B+46.5% | $1.1B-32.5% | $1.3B-18.9% | $1.6B+6.6% | $1.5B-4.0% | $1.7B | $1.6B+1.7% |
| EPS (Basic) | $12.34+19.9% | $14.24+46.2% | $7.26-32.7% | $8.54-22.5% | $10.29+2.2% | $9.74-7.9% | $10.78+16.5% | $11.02+2.5% |
| EPS (Diluted) | $12.19+19.6% | $14.06+45.9% | $7.10-33.3% | $8.43-22.7% | $10.19+2.0% | $9.64-8.0% | $10.64+16.3% | $10.90+2.3% |
| Diluted Shares (Avg) | 165M+5.4% | 165M+5.3% | N/A | 165M+10.4% | 156M+4.4% | 157M+4.3% | N/A | 150M-0.6% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
BLK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $175.9B+20.1% | $170.2B+19.9% | $170.0B+22.6% | $162.7B+22.5% | $146.5B | $141.9B | $138.6B+12.5% | $132.8B |
| Cash & Equivalents | $10.5B+10.7% | $9.8B+27.0% | $11.5B-10.1% | $10.0B-28.9% | $9.5B-7.5% | $7.7B-17.5% | $12.8B+46.1% | $14.0B+91.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $5.4B+25.1% | $5.2B+21.9% | $5.2B+19.8% | $4.8B+9.4% | $4.4B | $4.3B | $4.3B+9.9% | $4.4B |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $35.2B+24.3% | $35.3B+24.7% | $35.3B+36.0% | $35.4B+125.7% | $28.3B | $28.3B | $25.9B+67.2% | $15.7B |
| Total Liabilities | $111.3B+17.4% | $106.9B+16.5% | $108.5B+21.5% | $100.8B+13.0% | $94.9B | $91.8B | $89.3B+8.9% | $89.2B |
| Long-Term Debt | $12.7B-0.1% | $12.7B+3.2% | $12.8B+3.7% | $12.8B+3.2% | $12.8B | $12.3B | $12.3B+55.5% | $12.4B |
| Total Equity | $57.6B+17.2% | $56.7B+18.0% | $55.9B+17.7% | $55.5B+34.8% | $49.1B+22.0% | $48.0B+20.4% | $47.5B+20.7% | $41.2B+6.2% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Non-Current Liabilities, Retained Earnings.
BLK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.2B-10.0% | -$980.0M+13.1% | $2.3B-13.0% | $1.4B+2.4% | $1.4B-0.1% | -$1.1B-176.5% | $2.6B+31.0% | $1.4B |
| Depreciation & Amortization | $385.0M+77.4% | $380.0M+95.9% | -$460.0M-679.7% | $346.0M+214.5% | $217.0M+100.9% | $194.0M+74.8% | -$59.0M | $110.0M |
| Stock-Based Compensation | N/A | $319.0M+32.4% | N/A | N/A | N/A | $241.0M+36.9% | N/A | N/A |
| Capital Expenditures | $109.0M+22.5% | $106.0M+35.9% | $130.0M+44.4% | $78.0M-17.0% | $89.0M+1171.4% | $78.0M+21.9% | $90.0M-27.4% | $94.0M |
| Free Cash Flow | $1.1B-12.3% | -$1.1B+10.0% | $2.1B-15.1% | $1.3B+3.8% | $1.3B-6.1% | -$1.2B-155.5% | $2.5B+34.9% | $1.3B |
| Investing Cash Flow | -$460.0M-967.9% | -$280.0M+91.6% | -$212.0M+93.1% | -$923.0M-1147.3% | $53.0M-67.5% | -$3.3B-15063.6% | -$3.1B-1551.1% | -$74.0M |
| Financing Cash Flow | -$117.0M-550.0% | -$304.0M+54.0% | -$588.0M-1.7% | $96.0M-95.9% | $26.0M+104.1% | -$661.0M-160.4% | -$578.0M-14.9% | $2.4B |
| Dividends Paid | N/A | N/A | N/A | N/A | $808.0M+6.6% | $838.0M+5.4% | $791.0M+6.5% | $757.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | $396.0M-23.7% | $657.0M+3.6% | $386.0M+0.5% | $391.0M |
BLK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 34.7%+2.8pp | 42.0%+9.8pp | 23.7%-12.8pp | 30.0%-8.6pp | 31.9%-5.5pp | 32.2%-3.6pp | 36.5% | 38.6%+2.4pp |
| Net Margin | 27.0%-2.4pp | 33.0%+4.4pp | 16.1%-13.3pp | 20.3%-11.1pp | 29.4%-1.7pp | 28.6%-4.6pp | 29.4% | 31.4%-4.1pp |
| Return on Equity | 3.3%+0.1pp | 3.9%+0.8pp | 2.0%-1.5pp | 2.4%-1.6pp | 3.2%-0.5pp | 3.1%-0.8pp | 3.5% | 4.0%-0.2pp |
| Return on Assets | 1.1%0.0pp | 1.3%+0.2pp | 0.7%-0.5pp | 0.8%-0.4pp | 1.1% | 1.1% | 1.2% | 1.2% |
| Debt-to-Equity | 0.220.0x | 0.220.0x | 0.230.0x | 0.23-0.1x | 0.26 | 0.26 | 0.26+0.1x | 0.30 |
| Asset Turnover | 0.040.0x | 0.040.0x | 0.040.0x | 0.040.0x | 0.04 | 0.04 | 0.04 | 0.04 |
| FCF Margin | 15.8%-7.7pp | -16.2%+6.7pp | 30.6%-13.9pp | 20.5%-4.2pp | 23.5%-4.8pp | -22.9%-12.9pp | 44.5% | 24.8% |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Blackrock, Inc. BLK | FY2025 | $24.2B | $5.6B | 22.9% | $167.9B | 56/100 |
| KKR & Co. Inc. KKR | FY2025 | $19.5B | $2.4B | 12.2% | $81.6B | 14/100 |
| Brookfield Corporation BN | FY2025 | $75.1B | $3.2B | 4.3% | $82.8B | 18/100 |
| Brookfield Asset Management Ltd. BAM | FY2025 | $4.8B | $2.4B | 49.8% | $73.3B | 19/100 |
| Apollo Global Management, Inc. APO | FY2025 | $32.0B | $3.4B | 10.6% | $70.1B | 14/100 |
| Blackstone Inc. BX | FY2025 | $14.5B | $3.0B | 20.9% | $85.8B | 38/100 |
Where Blackrock, Inc. Ranks
Frequently Asked Questions
What is Blackrock, Inc.'s annual revenue?
Blackrock, Inc. (BLK) reported $24.2B in total revenue for fiscal year 2025. This represents a 18.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Blackrock, Inc.'s revenue growing?
Blackrock, Inc. (BLK) revenue grew by 18.7% year-over-year, from $20.4B to $24.2B in fiscal year 2025.
Is Blackrock, Inc. profitable?
Yes, Blackrock, Inc. (BLK) reported a net income of $5.6B in fiscal year 2025, with a net profit margin of 22.9%.
What is Blackrock, Inc.'s EBITDA?
Blackrock, Inc. (BLK) had EBITDA of $7.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Blackrock, Inc. have?
As of fiscal year 2025, Blackrock, Inc. (BLK) had $11.5B in cash and equivalents against $12.8B in long-term debt.
What is Blackrock, Inc.'s operating margin?
Blackrock, Inc. (BLK) had an operating margin of 29.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Blackrock, Inc.'s net profit margin?
Blackrock, Inc. (BLK) had a net profit margin of 22.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Blackrock, Inc. pay dividends?
Yes, Blackrock, Inc. (BLK) paid $20.84 per share in dividends during fiscal year 2025.
What is Blackrock, Inc.'s return on equity (ROE)?
Blackrock, Inc. (BLK) has a return on equity of 9.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Blackrock, Inc.'s free cash flow?
Blackrock, Inc. (BLK) generated $3.6B in free cash flow during fiscal year 2025. This represents a -24.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Blackrock, Inc.'s operating cash flow?
Blackrock, Inc. (BLK) generated $3.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Blackrock, Inc.'s total assets?
Blackrock, Inc. (BLK) had $170.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Blackrock, Inc.'s capital expenditures?
Blackrock, Inc. (BLK) invested $375.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Blackrock, Inc.'s debt-to-equity ratio?
Blackrock, Inc. (BLK) had a debt-to-equity ratio of 0.23 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Blackrock, Inc.'s return on assets (ROA)?
Blackrock, Inc. (BLK) had a return on assets of 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Blackrock, Inc.'s P/E ratio?
Blackrock, Inc. (BLK) trades at 25.5x earnings, its market capitalization divided by net income of $6.6B net income, trailing 12 months to June 30, 2026. The market capitalization is $167.9B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Blackrock, Inc.'s price-to-sales ratio?
Blackrock, Inc. (BLK) trades at 6.1x sales, its market capitalization divided by revenue of $27.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $167.9B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Blackrock, Inc.'s Piotroski F-Score?
Blackrock, Inc. (BLK) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Blackrock, Inc.'s earnings high quality?
Blackrock, Inc. (BLK) has an earnings quality ratio of 0.71x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Blackrock, Inc. cover its interest payments?
Blackrock, Inc. (BLK) has an interest coverage ratio of 11.47x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Blackrock, Inc.?
Blackrock, Inc. (BLK) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.