BlackRock Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), BlackRock Inc. reported revenue of $24.2B (+18.7% year on year) and net income of $5.9B (-8.8% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Total revenue | $24.2B | $20.4B |
| Employee compensation and benefits | $8.4B | $6.5B |
| Distribution and servicing costs | $2.5B | $2.2B |
| Direct fund expense | $1.8B | $1.5B |
| Sub-advisory and other | $233.0M | $140.0M |
| Total sales, asset and account expense | $4.5B | $3.8B |
| General and administration expense | $2.7B | $2.2B |
| Change in fair value of contingent consideration | $720.0M | — |
| Restructuring Charge | $39.0M | $0 |
| Amortization and impairment of intangible assets | $775.0M | $291.0M |
| Total expense | $17.2B | $12.8B |
| Operating income | $7.0B | $7.6B |
| Net gain (loss) on investments | $634.0M | $492.0M |
| Interest and dividend income | $554.0M | $767.0M |
| Interest expense | ($614.0M) | ($538.0M) |
| Total nonoperating income (expense) | $574.0M | $721.0M |
| Income before income taxes | $7.6B | $8.3B |
| Income tax expense | $1.7B | $1.8B |
| Net income | $5.9B | $6.5B |
| Net income (loss) attributable to noncontrolling interests | $262.0M | $143.0M |
| Net income attributable to BlackRock, Inc. | $5.6B | $6.4B |
| Basic | $35.83 | $42.45 |
| Diluted | $35.31 | $42.01 |
| Basic | 155.0M | 150.0M |
| Diluted (including Subco Units) | 160.9M | 151.6M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenue | $7.1B | $6.7B | $6.5B | $5.4B |
| Employee compensation and benefits | $2.3B | $2.2B | $2.4B | $1.8B |
| Distribution and servicing costs | $732.0M | $705.0M | $638.0M | $576.0M |
| Direct fund expense | $543.0M | $481.0M | $464.0M | $441.0M |
| Sub-advisory and other | $67.0M | $71.0M | $60.0M | $46.0M |
| Total sales, asset and account expense | $1.3B | $1.3B | $1.2B | $1.1B |
| General and administration expense | $720.0M | $674.0M | $782.0M | $689.0M |
| Change in fair value of contingent consideration | $11.0M | ($549.0M) | — | — |
| Restructuring charge | $0 | — | $0 | $39.0M |
| Amortization of intangible assets | $276.0M | $277.0M | — | $137.0M |
| Total expense | $4.6B | $3.9B | $4.6B | $3.7B |
| Operating income | $2.5B | $2.8B | $2.0B | $1.7B |
| Net gain (loss) on investments | $283.0M | $72.0M | $64.0M | $550.0M |
| Interest and dividend income | $109.0M | $90.0M | $113.0M | $144.0M |
| Interest expense | ($134.0M) | ($134.0M) | ($135.0M) | ($173.0M) |
| Dividend income and net interest income (expense) | ($25.0M) | ($44.0M) | — | — |
| Total nonoperating income (expense) | $258.0M | $28.0M | $42.0M | $521.0M |
| Income before income taxes | $2.7B | $2.8B | $2.0B | $2.3B |
| Income tax expense | $677.0M | $516.0M | $470.0M | $587.0M |
| Net income | $2.0B | $2.3B | $1.5B | $1.7B |
| Net income (loss) attributable to noncontrolling interests | $128.0M | $114.0M | $134.0M | $72.0M |
| Net income attributable to BlackRock, Inc. | $1.9B | $2.2B | $1.3B | $1.6B |
| Basic | $12.34 | $14.24 | $8.54 | $10.29 |
| Diluted | $12.19 | $14.06 | $8.43 | $10.19 |
| Basic | 155.2M | 155.3M | 154.9M | 154.9M |
| Diluted | 164.6M | 165.0M | 165.2M | 156.3M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Cash and cash equivalents | $11.5B | $12.8B |
| Accounts receivable | $5.2B | $4.3B |
| Investments | $13.3B | $9.8B |
| Separate account assets | $60.1B | $52.8B |
| Separate account collateral held under securities lending agreements | $7.9B | $6.1B |
| Property and equipment (net of accumulated depreciation and amortization of $1,692 and $1,553 at December 31, 2025 and 2024, respectively) | $1.3B | $1.1B |
| Intangible assets (net of accumulated amortization of $1,482 and $782 at December 31, 2025 and 2024, respectively) | $28.0B | $20.7B |
| Goodwill | $35.3B | $25.9B |
| Operating lease right-of-use assets | $1.9B | $1.5B |
| Other assets | $5.7B | $3.6B |
| Total assets | $170.0B | $138.6B |
| Accrued compensation and benefits | $3.8B | $3.0B |
| Accounts payable and accrued liabilities | $1.7B | $1.5B |
| Borrowings | $12.8B | $12.3B |
| Separate account liabilities | $60.1B | $52.8B |
| Separate account collateral liabilities under securities lending agreements | $7.9B | $6.1B |
| Contingent consideration liabilities | $8.4B | $4.3B |
| Deferred income tax liabilities | $4.6B | $3.3B |
| Operating lease liabilities | $2.2B | $1.9B |
| Other liabilities | $6.8B | $4.0B |
| Total liabilities | $108.5B | $89.3B |
| Redeemable noncontrolling interests | $2.6B | $1.7B |
| Common stock, $0.01 par value; Shares authorized: 500,000,000 at December 31, 2025 and 2024; Shares issued: 156,276,289 and 155,318,170 at December 31, 2025 and 2024, respectively; Shares outstanding: 155,069,171 and 154,947,813 at December 31, 2025 and 2024, respectively | 2.0M | 2.0M |
| Additional paid-in capital | $19.7B | $13.4B |
| Retained earnings | $37.9B | $35.6B |
| Accumulated other comprehensive loss | ($545.0M) | ($1.2B) |
| Treasury stock, common, at cost (1,207,118 and 370,357 shares held at December 31, 2025 and 2024, respectively) | -1.2B | -386.0M |
| Total BlackRock, Inc. stockholders’ equity | $55.9B | $47.5B |
| Nonredeemable NCI - CIPs | $227.0M | $169.0M |
| Total permanent equity | $56.1B | $47.7B |
| Total liabilities, temporary equity and permanent equity | $170.0B | $138.6B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $10.5B | $9.8B | $10.0B | $9.5B |
| Accounts receivable | $5.4B | $5.2B | $4.8B | $4.4B |
| Investments | $15.1B | $14.6B | $13.7B | $10.9B |
| Separate account assets | $65.3B | $58.8B | $53.6B | $56.1B |
| Separate account collateral held under securities lending agreements | $6.3B | $6.6B | $6.2B | $6.3B |
| Property and equipment (net of accumulated depreciation and amortization of $1,852 and $1,692 at June 30, 2026 and December 31, 2025, respectively) | $1.3B | $1.3B | $1.2B | $1.2B |
| Intangible assets (net of accumulated amortization of $1,989 and $1,482 at June 30, 2026 and December 31, 2025, respectively) | $27.4B | $27.7B | $28.2B | $21.7B |
| Goodwill | $35.2B | $35.3B | $35.4B | $28.3B |
| Operating lease right-of-use assets | $1.8B | $1.8B | $1.9B | $1.6B |
| Other assets | $7.5B | $9.1B | $7.8B | $6.6B |
| Total assets | $175.9B | $170.2B | $162.7B | $146.5B |
| Accrued compensation and benefits | $2.4B | $1.6B | $2.8B | $1.7B |
| Accounts payable and accrued liabilities | $2.0B | $2.1B | $1.6B | $1.7B |
| Borrowings | $12.7B | $12.7B | $12.8B | $12.8B |
| Separate account liabilities | $65.3B | $58.8B | $53.6B | $56.1B |
| Separate account collateral liabilities under securities lending agreements | $6.3B | $6.6B | $6.2B | $6.3B |
| Contingent consideration liabilities | $7.9B | $7.9B | $8.0B | $4.5B |
| Deferred income tax liabilities | $4.5B | $4.7B | $5.0B | $3.6B |
| Operating lease liabilities | $2.2B | $2.2B | $2.3B | $1.9B |
| Other liabilities | $8.0B | $10.4B | $8.6B | $6.3B |
| Total liabilities | $111.3B | $106.9B | $100.8B | $94.9B |
| Redeemable noncontrolling interests | $3.9B | $3.6B | $3.2B | $2.3B |
| Common stock, $0.01 par value;Shares authorized: 500,000,000 at June 30, 2026 and December 31, 2025; Shares issued: 156,276,289 at both June 30, 2026 and December 31, 2025, Shares outstanding: 154,996,807and 155,069,171 at June 30, 2026 and December 31, 2025, respectively | 2.0M | 2.0M | 2.0M | 2.0M |
| Additional paid-in capital | $19.4B | $19.1B | $19.6B | $13.9B |
| Retained earnings | $40.2B | $39.2B | $37.6B | $37.1B |
| Accumulated other comprehensive loss | ($653.0M) | ($678.0M) | ($558.0M) | ($515.0M) |
| Treasury stock, common, at cost (1,279,482 and 1,207,118 shares held at June 30, 2026 and December 31, 2025, respectively) | -1.4B | -964.0M | -1.2B | -1.3B |
| Total BlackRock, Inc. stockholders’ equity | $57.6B | $56.7B | $55.5B | $49.1B |
| Nonredeemable NCI - CIPs | $227.0M | $217.0M | $216.0M | $165.0M |
| Total permanent equity | $57.8B | $56.9B | $55.7B | $49.3B |
| Total liabilities, temporary equity and permanent equity | $175.9B | $170.2B | $162.7B | $146.5B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Net income | $5.9B | $6.5B |
| Depreciation and amortization | $1.1B | $529.0M |
| Impairment of intangible assets | $0 | $50.0M |
| Noncash lease expense | $148.0M | $129.0M |
| Stock-based compensation | $1.3B | $753.0M |
| Deferred income tax expense (benefit) | ($631.0M) | ($106.0M) |
| Charitable Contribution | $109.0M | — |
| Change in fair value of contingent consideration | $720.0M | ($36.0M) |
| Other investment gains | ($289.0M) | ($126.0M) |
| Net (gains) losses within CIPs | ($480.0M) | ($269.0M) |
| Net (purchases) proceeds within CIPs | ($4.2B) | ($2.7B) |
| (Earnings) losses from equity method investees | ($51.0M) | ($41.0M) |
| Distributions of earnings from equity method investees | $429.0M | $57.0M |
| Accounts receivable | ($619.0M) | ($443.0M) |
| Investments, trading | $193.0M | $58.0M |
| Other assets | ($722.0M) | $317.0M |
| Accrued compensation and benefits | $659.0M | $367.0M |
| Accounts payable and accrued liabilities | $75.0M | $259.0M |
| Other liabilities | $225.0M | ($382.0M) |
| Net cash provided by/(used in) operating activities | $3.9B | $5.0B |
| Purchases of investments | ($1.4B) | ($818.0M) |
| Proceeds from sales and maturities of investments | $544.0M | $766.0M |
| Distributions of capital from equity method investees | $390.0M | $366.0M |
| Net consolidations (deconsolidations) of sponsored investment funds | ($97.0M) | ($127.0M) |
| Acquisitions, net of cash acquired | ($3.5B) | ($2.9B) |
| Purchases of property and equipment | ($375.0M) | ($255.0M) |
| Net cash provided by/(used in) investing activities | ($4.4B) | ($3.0B) |
| Repayments of long-term borrowings | ($796.0M) | ($1.0B) |
| Proceeds from long-term borrowings | $1.1B | $5.5B |
| Dividends/Subco distributions paid | ($3.3B) | — |
| Proceeds from stock options exercised | $167.0M | $464.0M |
| Shares/Subco Units repurchased | -2.0B | — |
| Net proceeds from (repayments of) borrowings by CIPs | ($112.0M) | ($58.0M) |
| Net subscriptions received/(redemptions/distributions paid) from noncontrolling interest holders | $3.8B | $2.4B |
| Other financing activities | $5.0M | ($18.0M) |
| Net cash provided by/(used in) financing activities | ($1.1B) | $2.2B |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $329.0M | ($162.0M) |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | ($1.3B) | $4.0B |
| Cash, cash equivalents and restricted cash, beginning of year | $12.8B | $8.8B |
| Cash, cash equivalents and restricted cash, end of year | $11.5B | $12.8B |
| Interest | $482.0M | $289.0M |
| Income taxes (net of refunds) | $2.3B | $1.7B |
| Issuance of common shares related to employee stock transactions | 151.0M | 215.0M |
| Issuance of Subco Units/common shares in connection with acquisitions | 8.7B | — |
| Cancellation of treasury stock, common in connection with the GIP Transaction | $0 | ($12.8B) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $4.4B | $2.3B | $4.7B | $3.2B |
| Depreciation and amortization | $765.0M | $380.0M | $757.0M | $411.0M |
| Noncash lease expense | $86.0M | $43.0M | $104.0M | $69.0M |
| Stock-based compensation | $621.0M | $319.0M | $886.0M | $467.0M |
| Deferred income tax expense (benefit) | ($18.0M) | $60.0M | ($238.0M) | ($78.0M) |
| Change in fair value of contingent consideration | ($538.0M) | ($549.0M) | $265.0M | $172.0M |
| Other investment gains | ($62.0M) | ($22.0M) | ($360.0M) | ($433.0M) |
| Net (gains) losses within CIPs | ($162.0M) | ($23.0M) | ($419.0M) | ($183.0M) |
| Net (purchases) proceeds within CIPs | ($3.1B) | ($1.7B) | ($3.3B) | ($2.0B) |
| (Earnings) losses from equity method investees | ($147.0M) | ($46.0M) | ($48.0M) | ($93.0M) |
| Distributions of earnings from equity method investees | $42.0M | $9.0M | $155.0M | $147.0M |
| Accounts receivable | ($333.0M) | ($111.0M) | ($265.0M) | $114.0M |
| Investments, trading | $190.0M | $198.0M | $139.0M | $78.0M |
| Other assets | ($1.7B) | ($3.5B) | ($2.7B) | ($2.5B) |
| Accrued compensation and benefits | ($1.4B) | ($2.3B) | ($391.0M) | ($1.2B) |
| Accounts payable and accrued liabilities | $256.0M | $340.0M | ($21.0M) | $182.0M |
| Other liabilities | $1.4B | $3.5B | $2.4B | $1.9B |
| Net cash provided by/(used in) operating activities | $247.0M | ($980.0M) | $1.6B | $236.0M |
| Purchases of investments | ($753.0M) | ($313.0M) | ($1.1B) | ($434.0M) |
| Proceeds from sales and maturities of investments | $183.0M | $69.0M | $467.0M | $230.0M |
| Distributions of capital from equity method investees | $114.0M | $90.0M | $297.0M | $262.0M |
| Net consolidations (deconsolidations) of sponsored investment funds | ($54.0M) | ($5.0M) | ($85.0M) | ($68.0M) |
| Acquisitions, net of cash acquired | ($15.0M) | ($15.0M) | ($3.5B) | ($3.1B) |
| Purchases of property and equipment | ($215.0M) | ($106.0M) | ($245.0M) | ($167.0M) |
| Net cash provided by/(used in) investing activities | ($740.0M) | ($280.0M) | ($4.2B) | ($3.3B) |
| Repayments of long-term borrowings | $0 | — | ($796.0M) | ($796.0M) |
| Proceeds from long-term borrowings | $0 | — | $1.1B | $1.1B |
| Dividends/Subco distributions paid | ($1.9B) | ($973.0M) | ($2.5B) | — |
| Proceeds from stock options exercised | $88.0M | $74.0M | $153.0M | $98.0M |
| Shares/Subco Units repurchased | -1.3B | -810.0M | -1.4B | — |
| Net proceeds from (repayments of) borrowings by CIPs | $132.0M | $193.0M | ($44.0M) | ($29.0M) |
| Net subscriptions received/(redemptions/distributions paid) from noncontrolling interest holders | $2.5B | $1.2B | $3.0B | $1.7B |
| Other financing activities | $0 | ($6.0M) | $2.0M | ($5.0M) |
| Net cash provided by/(used in) financing activities | ($421.0M) | ($304.0M) | ($539.0M) | ($635.0M) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($62.0M) | ($63.0M) | $317.0M | $398.0M |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | ($976.0M) | ($1.6B) | ($2.8B) | ($3.3B) |
| Cash, cash equivalents and restricted cash, beginning of period | $11.5B | $11.5B | $12.8B | $12.8B |
| Cash, cash equivalents and restricted cash, end of period | $10.5B | $9.9B | $10.0B | $9.5B |
| Issuance of common shares related to employee stock transactions | 867.0M | 818.0M | 119.0M | 42.0M |
| Increase (decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds | ($1.3B) | ($248.0M) | ($1.6B) | ($1.2B) |
BlackRock Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.