Valuein

Overview

BlackRock, Inc.

BLKNYSEFinancialsSecurity Brokers, Dealers & Flotation CompaniesCIK 0002012383Large-cap benchmark

Latest 10-K: FY2025, filed Feb 25, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$24.22B
18.7%YoYup from FY2024
TotalRevenue
Gross profit
Not reported
Operating income
$7.04B
7.0%YoYdown from FY2024
OperatingIncome
Net income
$5.55B
12.8%YoYdown from FY2024
NetIncome
Diluted EPS
$35.31
15.9%YoYdown from FY2024
EPSDiluted
Diluted shares
160.9M
6.1%YoYup from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • BlackRock, Inc. reported revenue of $24.22B for fiscal 2025, up 18.7% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 3 of the last 5 fiscal years.

Profitability

  • Operating margin was 29.1% and net margin was 22.9%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $35.31, down 15.9% from the prior year.
Loading insider and institutional summary

Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$24.22B18.7%up
Benchmark median 6.4%
$20.41B14.3%up
Benchmark median 4.5%
$17.86B61.5%up
Benchmark median 4.8%
$11.06B7.9%down
Benchmark median 10.3%
$12.01B25.9%down
Benchmark median 13.8%
19.2%
Benchmark median 6.6%
Gross Profit
Median of 315 / 498
—
—
—
—
—
—
Benchmark median 6.2%
Operating Income
Median of 373 / 498
$7.04B7.0%down
Benchmark median 7.3%
$7.57B20.7%up
Benchmark median 7.4%
$6.28B1.7%down
Benchmark median 4.9%
$6.38B14.3%down
Benchmark median 7.5%
$7.45B30.8%up
Benchmark median 23.5%
-1.4%
Benchmark median 7.2%
Net Income
$5.55B12.8%down
Benchmark median 4.8%
$6.37B15.8%up
Benchmark median 5.7%
$5.50B6.3%up
Benchmark median 1.9%
$5.18B12.3%down
Benchmark median 1.3%
$5.90B19.6%up
Benchmark median 33.9%
-1.5%
Benchmark median 4.1%
EPS (Diluted)
$35.3115.9%down
Benchmark median 6.2%
$42.0115.1%up
Benchmark median 7.9%
$36.517.5%up
Benchmark median 1.9%
$33.9711.1%down
Benchmark median 1.5%
$38.2220.0%up
Benchmark median 34.8%
-2.0%
Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$170.00B22.6%up
Benchmark median 5.6%
$138.62B12.5%up
Benchmark median 3.4%
$123.21B4.7%up
Benchmark median 4.1%
$117.63B22.9%down
Benchmark median 2.2%
$152.65B13.7%down
Benchmark median 6.7%
2.7%
Benchmark median 4.7%
Total Liabilities
Median of 357 / 498
$108.46B21.5%up
Benchmark median 6.4%
$89.26B8.9%up
Benchmark median 1.9%
$81.97B4.0%up
Benchmark median 2.9%
$78.84B30.7%down
Benchmark median 2.0%
$113.75B18.4%down
Benchmark median 5.2%
-1.2%
Benchmark median 4.4%
Stockholders' Equity
$56.12B17.7%up
Benchmark median 6.8%
$47.66B20.7%up
Benchmark median 5.4%
$39.50B4.3%up
Benchmark median 7.3%
$37.88B0.2%up
Benchmark median 2.5%
$37.81B7.0%up
Benchmark median 9.0%
10.4%
Benchmark median 6.1%
Cash & Equivalents
$11.47B10.1%down
Benchmark median 5.2%
$12.76B46.1%up
Benchmark median 1.9%
$8.74B17.8%up
Benchmark median 6.7%
$7.42B20.5%down
Benchmark median -8.6%
$9.32B7.6%up
Benchmark median -2.9%
5.3%
Benchmark median 2.0%
Total Debt
$12.77B†3.7%up
Benchmark median 2.1%
$12.31B†55.5%up
Benchmark median 0.2%
$7.92B†19.0%up
Benchmark median 0.3%
$6.65B†10.6%down
Benchmark median 0.1%
$7.45B†2.5%up
Benchmark median -0.1%
14.4%
Benchmark median 4.3%

† Sum of short-term and long-term debt; the company files no total-debt line.

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$3.93B20.8%down
Benchmark median 6.3%
$4.96B19.0%up
Benchmark median 4.8%
$4.17B16.0%down
Benchmark median 9.9%
$4.96B0.2%up
Benchmark median -0.7%
$4.94B32.1%up
Benchmark median 10.7%
-5.6%
Benchmark median 7.0%
Capital Expenditures
$375.00M47.1%up
Benchmark median 5.4%
$255.00M25.9%down
Benchmark median 2.8%
$344.00M35.5%down
Benchmark median 11.3%
$533.00M56.3%up
Benchmark median 14.0%
$341.00M75.8%up
Benchmark median 8.1%
2.4%
Benchmark median 9.0%
Free Cash Flow
Median of 378 / 498
$3.55B24.4%down
Benchmark median 7.3%
$4.70B23.0%up
Benchmark median 6.1%
$3.82B13.6%down
Benchmark median 8.8%
$4.42B3.9%down
Benchmark median -11.3%
$4.60B29.7%up
Benchmark median 10.2%
-6.3%
Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

3.3%

Wall Street

on net earnings

FY2024 4.1%

2.1%

Value investor

on free cash flow

FY2024 3.0%

Gap −1.2 pts: Value-investor figure 1.2 points lower

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 30.3×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

Loading capital allocation

Smart money

Loading insider and institutional activity

Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

Loading sector peers
Loading recent filings

Research Reports

No published research on BLK yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on BLK and publish the result to your public profile.

Loading the data behind this page

Cite this page

Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/BLK

APA-style text
Valuein. (2026, October 31). BlackRock, Inc. (BLK) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/BLK
BibTeX
@misc{valuein_blk_2026,
  author = {{Valuein}},
  title = {BlackRock, Inc. (BLK) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/BLK}},
  note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 25, 2026 · accession 0001193125-26-071966

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

Index names are trademarks of their owners; Valuein is not affiliated with or endorsed by any index provider.