BlackRock Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Transaction-Based Revenues	23,857	20,172	17,793	17,710	19,205
Other Revenues	277	224	159	163	169
Revenue	24,216	20,407	17,859	17,873	19,374
Revenue Growth (YoY)	18.67%	14.27%	-0.08%	-7.75%	19.56%
Cost of Revenue	17,366	14,096	12,775	12,697	9,556
Gross Profit	6,850	6,311	5,084	5,176	9,818
Selling, General & Admin	11,177	8,803	7,871	7,738	8,264
Depreciation & Amortization Expenses	775	291	151	151	147
Other Operating Expenses	39	-	61	91	-
Operating Income	7,045	7,574	6,275	6,385	7,450
Interest Income	554	767	473	152	87
Interest Expense	-614	-538	-292	-212	-205
Other Non-Operating Income (Expense)	-86	528	696	-35	841
Total Non-Operating Income (Expense)	-146	757	877	-95	723
Pretax Income	7,619	8,295	7,155	6,290	8,173
Provision for Income Taxes	1,677	1,783	1,479	1,296	1,968
Net Income	5,553	6,369	5,502	5,178	5,901
Minority Interest in Earnings	389	143	174	-184	304
Net Income to Common	5,553	6,369	5,502	5,178	5,901
Net Income Growth	-12.81%	15.76%	6.26%	-12.25%	19.65%
Shares Outstanding (Basic)	155	150	149	151	152
Shares Outstanding (Diluted)	161	152	151	152	154
Shares Change (YoY)	6.10%	0.60%	-1.14%	-1.27%	-0.26%
EPS (Basic)	35.83	42.45	36.85	34.31	38.76
EPS (Diluted)	35.31	42.01	36.51	33.97	38.22
EPS Growth	-15.95%	15.06%	7.48%	-11.12%	20.00%
Free Cash Flow	3,552	4,701	3,821	4,423	4,603
Free Cash Flow Growth	-24.44%	23.03%	-13.61%	-3.91%	29.70%
Free Cash Flow Per Share	22.08	31.01	25.35	29.01	29.81
Dividends Per Share	20.840	20.400	20.000	19.520	16.520
Dividend Growth	2.16%	2.00%	2.46%	18.16%	13.77%
Gross Margin	28.29%	30.93%	28.47%	28.96%	50.68%
Operating Margin	29.09%	37.11%	35.14%	35.72%	38.45%
Profit Margin	24.54%	31.91%	31.78%	27.94%	32.03%
FCF Margin	14.67%	23.04%	21.40%	24.75%	23.76%
EBITDA	8,171	8,103	6,702	6,803	7,865
EBITDA Margin	33.74%	39.71%	37.53%	38.06%	40.60%
EBIT	7,045	7,574	6,275	6,385	7,450
EBIT Margin	29.09%	37.11%	35.14%	35.72%	38.45%
Effective Tax Rate	22.01%	21.49%	20.67%	20.60%	24.08%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.