Source: BlackRock's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2022
FY2023
FY2024
FY2025
Revenue
$17.87B
$17.86B
$20.41B
$24.22B
Operating income
$6.38B
$6.28B
$7.57B
$7.04B
Interest expense
$212.00M
$292.00M
$538.00M
$614.00M
Pre-tax income
$6.29B
$7.16B
$8.29B
$7.62B
Income tax
$1.30B
$1.48B
$1.78B
$1.68B
Net income
$5.18B
$5.50B
$6.37B
$5.55B
EBITDA
$6.64B
$6.54B
$7.84B
$7.34B
EPS (basic)
$34.31
$36.85
$42.45
$35.83
EPS (diluted)
$33.97
$36.51
$42.01
$35.31
Diluted shares
152.44M
150.71M
151.62M
160.87M
Operating margin
35.7%
35.1%
37.1%
29.1%
Net margin
29.0%
30.8%
31.2%
22.9%
Balance sheet
fiscal years · USD
Fiscal year
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$7.43B
$8.74B
$12.76B
$11.47B
Goodwill
$15.34B
$15.52B
$25.95B
$35.28B
Total assets
—
$123.21B
$138.62B
$170.00B
Long-term debt
—
$7.92B
$12.31B
$12.77B
Total debt
—
$7.92B
$12.31B
$12.77B
Total liabilities
—
$81.97B
$89.26B
$108.46B
Shareholders' equity
$37.88B
$39.35B
$47.49B
$55.89B
Cash flow
fiscal years · USD
Fiscal year
FY2022
FY2023
FY2024
FY2025
Operating cash flow
$4.96B
$4.17B
$4.96B
$3.93B
Capital expenditures
$533.00M
$344.00M
$255.00M
$375.00M
Free cash flow
$4.42B
$3.82B
$4.70B
$3.55B
Investing cash flow
-$1.13B
-$959.00M
-$3.00B
-$4.42B
Financing cash flow
-$5.44B
-$1.99B
$2.24B
-$1.13B
Dividends paid
$2.99B
$3.04B
$3.10B
—
Share buybacks
$2.33B
$1.88B
$1.93B
—
Stock-based compensation
$708.00M
$630.00M
$753.00M
$1.31B
Depreciation & amortization
$251.00M
$263.00M
$270.00M
$297.00M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$4.63B
$4.73B
$4.80B
$5.20B
$5.68B
$5.28B
$5.42B
$6.51B
$7.01B
$6.70B
$7.08B
$7.75B
Operating income
$1.58B
$1.69B
$1.80B
$2.01B
$2.08B
$1.70B
$1.73B
$1.96B
$1.66B
$2.81B
$2.46B
$2.33B
Interest expense
$82.00M
$92.00M
$126.00M
$154.00M
$166.00M
$166.00M
$173.00M
$135.00M
$140.00M
$134.00M
$134.00M
$134.00M
Pre-tax income
$1.93B
$1.91B
$2.01B
$2.27B
$2.10B
$1.76B
$2.25B
$2.00B
$1.61B
$2.84B
$2.72B
$2.64B
Income tax
$438.00M
$290.00M
$477.00M
$574.00M
$442.00M
$248.00M
$587.00M
$470.00M
$372.00M
$516.00M
$677.00M
$724.00M
Net income
$1.38B
$1.57B
$1.50B
$1.63B
$1.67B
$1.51B
$1.59B
$1.32B
$1.13B
$2.21B
$1.91B
$1.66B
EBITDA
$1.70B
$1.80B
$1.91B
$2.12B
$2.27B
$1.89B
$1.95B
$2.30B
$2.03B
$3.19B
$2.85B
$2.71B
EPS (basic)
$9.25
$10.58
$10.07
$11.02
$10.78
$9.74
$10.29
$8.54
$7.26
$14.24
$12.34
$10.72
EPS (diluted)
$9.15
$10.48
$9.99
$10.90
$10.64
$9.64
$10.19
$8.43
$7.10
$14.06
$12.19
$10.57
Diluted shares
-155.57K
150.13M
149.66M
149.61M
1.82M
156.63M
156.25M
165.20M
1.47M
165.00M
164.65M
164.50M
Operating margin
34.2%
35.8%
37.5%
38.6%
36.6%
32.2%
31.9%
30.0%
23.7%
42.0%
34.7%
30.0%
Net margin
29.7%
33.3%
31.1%
31.4%
29.4%
28.6%
29.4%
20.3%
16.1%
33.0%
27.0%
21.4%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$8.74B
$9.39B
$10.24B
$14.04B
$12.76B
$7.75B
$9.48B
$9.98B
$11.47B
$9.84B
$10.49B
$12.88B
Goodwill
$15.52B
—
—
$15.66B
$25.95B
$28.30B
$28.33B
$35.36B
$35.28B
$35.30B
$35.20B
$35.20B
Total assets
$123.21B
—
—
$132.82B
$138.62B
$141.94B
$146.47B
$162.68B
$170.00B
$170.24B
$175.88B
$177.90B
Long-term debt
$7.92B
—
—
$12.37B
$12.31B
$12.35B
$12.76B
$12.77B
$12.77B
$12.75B
$12.74B
$12.74B
Total debt
$7.92B
—
—
$12.37B
$12.31B
$12.35B
$12.76B
$12.77B
$12.77B
$12.75B
$12.74B
$12.74B
Total liabilities
$81.97B
—
—
$89.19B
$89.26B
$91.75B
$94.87B
$100.83B
$108.46B
$106.92B
$111.33B
$110.12B
Shareholders' equity
$39.35B
$39.90B
$40.27B
$41.18B
$47.49B
$48.04B
$49.14B
$55.52B
$55.89B
$56.69B
$57.61B
$58.13B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$2.00B
-$408.00M
$1.36B
$1.38B
$2.62B
-$1.13B
$1.36B
$1.41B
$2.28B
-$980.00M
$1.23B
$2.71B
Capital expenditures
$124.00M
$64.00M
$7.00M
$94.00M
$90.00M
$78.00M
$89.00M
$78.00M
$130.00M
$106.00M
$109.00M
$101.00M
Free cash flow
$1.87B
-$472.00M
$1.36B
$1.29B
$2.53B
-$1.21B
$1.27B
$1.34B
$2.15B
-$1.09B
$1.12B
$2.60B
Investing cash flow
-$186.00M
-$22.00M
$163.00M
-$74.00M
-$3.07B
-$3.34B
$53.00M
-$923.00M
-$212.00M
-$280.00M
-$460.00M
-$357.00M
Financing cash flow
-$503.00M
$1.09B
-$641.00M
$2.36B
-$578.00M
-$661.00M
$26.00M
$96.00M
-$588.00M
-$304.00M
-$117.00M
$48.00M
Dividends paid
$743.00M
$795.00M
$758.00M
$757.00M
$791.00M
$838.00M
$808.00M
—
—
—
—
—
Share buybacks
$384.00M
$634.00M
$519.00M
$391.00M
$386.00M
$657.00M
$396.00M
—
—
—
—
—
Stock-based compensation
$161.00M
$176.00M
$179.00M
$156.00M
$242.00M
$241.00M
$226.00M
$419.00M
$421.00M
$319.00M
$302.00M
$290.00M
Depreciation & amortization
$111.00M
$111.00M
$108.00M
$110.00M
$200.00M
$194.00M
$217.00M
$346.00M
$369.00M
$380.00M
$385.00M
$386.00M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.