BlackRock, Inc.
Financial Performance
BlackRock Revenue & Financials
Revenue
$24.2B (FY2025)
Market Cap
$166.2B
Net Income
$5.6B
Employees
24,900
What is BlackRock's revenue?
BlackRock had $24.2B in revenue for fiscal year 2025, up 18.7% from 2024. Net income was $5.6B.
- Latest revenue
- $24.2B (FY2025)
- Year-over-year
- +18.7%
- Growth rate (CAGR)
- 7.9% over 9 years
- Peak revenue
- $24.2B (FY2025)
- Years of data
- 10
- Employees
- 24,900
Financial Analysis
BlackRock's revenue grew from $19.37 billion in 2021 to $24.22 billion in 2025, with a dip in 2022 and 2023 when stock and bond prices fell. Revenue jumped 19% in 2025 on higher markets, 9% organic base fee growth and fees from GIP and HPS. GAAP operating income fell 7% to $7.05 billion because of non-cash acquisition expenses and a charitable gift of Circle shares, but adjusted operating income rose 18% to $9.6 billion, a 44.1% margin. The firm returned $5 billion to shareholders in 2025 and raised its quarterly dividend 10% to $5.73 for 2026. In Q2 2026 revenue rose 31% to $7.08 billion, GAAP diluted EPS was $12.19 ($13.91 as adjusted), and planned buybacks were lifted to $550 million a quarter. BlackRock is the world's largest asset manager, holding a powerful market valuation of roughly $120 billion while managing trillions in assets.
Revenue Trend Analysis
YoY Change
+18.7%
9-Year CAGR
+7.9%
Peak Year
2025
Trend
Consistent Growth
BlackRock, Inc. has 10 full fiscal year figures on this page, compounding at +7.9% annually over 9 years. The most recent year saw a 18.7% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $24.2B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $24.2B | $7Bfiling | $5.6B | +18.7% | BlackRock 2025 Form 10-K (SEC EDGAR) Fiscal year ended 2025-12-31. Revenue up 19%; net income attributable to BlackRock fell on non-cash acquisition-related expenses ($7.736B as adjusted). |
| FY2024 | $20.4B | $7.6Bfiling | $6.4B | +14.3% | BlackRock 2025 Annual Report Fiscal year ended 2024-12-31. Includes one quarter of GIP after the October 1, 2024 closing. |
| FY2023 | $17.9B | $6.3Bfiling | $5.5B | -0.1% | BlackRock 2025 Annual Report Fiscal year ended 2023-12-31. |
| FY2022 | $17.9B | $6.4Bfiling | $5.2B | -7.7% | BlackRock annual reports archive Fiscal year ended 2022-12-31. Revenue fell as stock and bond markets declined. |
| FY2021 | $19.4B | — | $5.9B | +19.6% | BlackRock annual reports archive Fiscal year ended 2021-12-31. AUM passed $10 trillion at year end. |
| FY2020 | $16.2B | — | — | +11.5% | Wikidata total revenue statement, citing the linked document |
| FY2019 | $14.5B | — | — | +2.4% | Wikidata total revenue statement, citing the linked document |
| FY2018 | $14.2B | — | — | +4.4% | Wikidata total revenue statement, citing the linked document |
| FY2017 | $13.6B | — | — | +10.9% | Wikidata total revenue statement, citing the linked document |
| FY2016 | $12.3B | — | — | — | Wikidata total revenue statement, citing the linked document |
Click any row to see year details.
BlackRock, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $3.9B | $375M | $170B | $108.5B | $55.9B | $3.6B | Form 10-K |
| FY2024ended Dec 31, 2024 | $5B | $255M | $138.6B | $89.3B | $47.5B | $4.7B | Form 10-K |
| FY2023ended Dec 31, 2023 | $4.2B | $344M | $123.2B | $82B | $39.3B | $3.8B | Form 10-K |
Keep researching BlackRock
BlackRock Revenue and Financial FAQ
What were BlackRock's revenue and profit in 2025?
BlackRock reported FY2025 revenue of $24.216 billion, up 19%. GAAP operating income was $7.045 billion and net income attributable to BlackRock was $5.553 billion ($35.31 per diluted share); as adjusted, net income was $7.736 billion ($48.09 per share).
How much AUM does BlackRock manage?
AUM was a record $15.3 trillion at June 30, 2026, up from about $14.0 trillion at the end of 2025 and $12.5 trillion at June 30, 2025.
How much new money did BlackRock attract in 2025?
BlackRock reported a record $698 billion of net inflows in 2025, including $342 billion in the fourth quarter. iShares ETFs accounted for about $527 billion.
How did BlackRock perform in Q2 2026?
Q2 2026 revenue rose 31% to $7.08 billion. GAAP net income attributable to BlackRock was $1.91 billion ($12.19 per diluted share) and $2.29 billion as adjusted ($13.91), with net inflows of $191.7 billion.
How much does BlackRock return to shareholders?
BlackRock returned $5 billion in 2025, including $1.6 billion of buybacks, and raised its quarterly dividend 10% to $5.73 a share for 2026. In July 2026 it lifted planned buybacks to $550 million a quarter.
Why did BlackRock's GAAP net income fall in 2025?
GAAP results included non-cash acquisition-related expenses from the GIP and HPS deals and a non-cash charitable contribution of Circle shares. Excluding those items, adjusted operating income rose 18% to $9.6 billion.
How has BlackRock's revenue changed over five years?
Revenue was $19.37 billion in 2021, $17.87 billion in 2022, $17.86 billion in 2023, $20.41 billion in 2024 and $24.22 billion in 2025.
When does BlackRock report Q3 2026 earnings?
BlackRock will report third-quarter 2026 results before the NYSE opens on Wednesday, October 14, 2026.
How much money does BlackRock manage?
BlackRock is the largest asset manager in the world, frequently holding over $10 trillion in Assets Under Management (AUM), effectively making them major shareholders in nearly every public company on Earth.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "BlackRock Revenue & Financials." CorpDigest, https://corpdigest.com/company/blackrock/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>BlackRock reported $24.2B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/blackrock/financials" target="_blank" rel="noopener">CorpDigest — BlackRock financials</a></div>Related Financial Audits
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