BlackRock, Inc. BLK

Financials SIC 6211 - Security Brokers, Dealers & Flotation Companies NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Securities and Commodity Contracts Intermediation and Brokerage › Investment Banking and Securities Intermediation derived NYSE

BlackRock, Inc. (together, with its subsidiaries, unless the context otherwise indicates, "BlackRock" or the "Company") is a leading publicly traded investment management firm with $14.0 trillion of assets under management ("AUM") at December 31, 2025. With approximately 24,900 employees in more than 30 countries who serve clients in over 100 countries across the globe, BlackRock provides a broad range of investment management and technology and subscription services to institutional and retail clients worldwide. On July 1, 2025, BlackRock completed the acquisition of 100% of the business and assets of HPS Investment Partners (the "HPS Transaction" or "HPS"), a leading global credit investment manager, with substantially all consideration paid in Class B-2 common units ("Subco Units") of BlackRock Saturn Subco, LLC ("Subco"), a consolidated subsidiary of the Company. Concurrent with the acquisition, BlackRock Finance, Inc., Global Infrastructure Management, LLC ("GIP"), HPS, and their respective subsidiaries became wholly owned subsidiaries of Subco. For additional information on the HPS Transaction see Note 3, Acquisitions, in the notes to the consolidated financial statements contained in Part II, Item 8 for additional information.

Last close 1,118.25 2026-10-23
Market cap $173.50B estimated share count
52-week range 917.39 - 1,187.17

Valuation FY2025 figures against the last close

P/S7.2x
P/E31.7x
P/FCF48.8x
EV/EBITDA21.4x
Dividend yield—
Diluted EPS35.31

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Americas
  • Europe
  • Asia-Pacific
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 Americas, FY2025: 16B (65.9%) 66% Americas Europe, FY2025: 7.2B (29.6%) 30% Europe Asia-Pacific, FY2025: 1.1B (4.5%) 5% FY2024 Americas, FY2024: 13.4B (65.7%) 66% Europe, FY2024: 6.1B (30.1%) 30% Asia-Pacific, FY2024: 859M (4.2%) 4% FY2023 Americas, FY2023: 11.9B (66.6%) 67% Europe, FY2023: 5.2B (29.2%) 29% Asia-Pacific, FY2023: 751M (4.2%) 4%
Region FY2025FY2024FY2023
Americas $15.96B $13.41B $11.90B
Europe $7.17B $6.14B $5.21B
Asia-Pacific $1.09B $859.0M $751.0M

As the company reported it, from the “Segment Information - Total Revenue by Geographic Region (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
Revenue $24.22B$20.41B$17.86B$17.87B—
SG&A $2.73B$2.26B$2.09B$2.06B—
Total operating expenses $17.17B$12.83B$11.58B$11.49B—
Operating income $7.04B$7.57B$6.28B$6.38B—
Interest expense $614.0M$538.0M$292.0M$212.0M—
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$5.90B
EPS, basic 35.8342.4536.8534.31—
EPS, diluted 35.3142.0136.5133.97—
Shares, diluted (wtd. avg.) 160.9M151.6M150.7M152.4M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
Cash and equivalents $11.47B$12.76B$8.75B$7.43B$9.34B
Property, plant and equipment $1.26B$1.10B$1.11B——
Goodwill $35.28B$25.95B$15.52B$15.34B—
Other intangibles $27.97B$20.74B$18.26B——
Total assets $170.00B$138.62B$123.21B——
Long-term debt $12.77B$12.31B$7.92B——
Total liabilities $108.46B$89.26B$81.97B——
Total equity $55.89B$47.49B$39.50B$37.88B$37.81B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021
Operating cash flow $3.93B$4.96B$4.17B$4.96B—
Depreciation and amortisation $1.13B$529.0M$427.0M$418.0M—
Stock-based compensation $1.31B$753.0M$630.0M$708.0M—
Capital expenditure $375.0M$255.0M$344.0M$533.0M—
Investing cash flow -$4.42B-$3.00B-$959.0M-$1.13B—
Financing cash flow -$1.13B$2.24B-$1.99B-$5.44B—
Dividends paid —$3.10B$3.04B$2.99B—
Buybacks —$1.62B$1.51B$2.33B—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001308179-26-000262.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B Net income, FY2021: 5.9B Revenue, FY2022: 17.9B Net income, FY2022: 5.2B Revenue, FY2023: 17.9B Net income, FY2023: 5.5B Revenue, FY2024: 20.4B Net income, FY2024: 6.4B Revenue, FY2025: 24.2B Net income, FY2025: 5.6B FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2021FY2022FY2023FY2024FY2025
Revenue — $17.87B $17.86B $20.41B $24.22B
Gross profit — — — — —
Net income $5.90B $5.18B $5.50B $6.37B $5.55B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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