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
Operating Revenue	23,511	20,407	17,859	17,873	19,374
Other Revenue	705	-	-	-	-
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	12,168	10,321	9,277	9,189	9,556
Gross Profit	12,048	10,086	8,582	8,684	9,818
Selling, General & Admin	2,609	2,167	2,085	2,054	2,187
Amortization of Goodwill & Intangibles	775	241	151	151	147
Operating Expenses	3,384	2,408	2,236	2,205	2,334
Operating Income	8,664	7,678	6,346	6,479	7,484
Interest Expense	-60	-538	-292	-212	-205
Interest & Investment Income	-	767	473	152	87
EBT Excluding Unusual Items	8,604	7,907	6,527	6,419	7,366
Merger & Restructuring Charges	-899	-90	-68	-91	-
Gain (Loss) on Sale of Investments	634	492	699	-35	841
Asset Writedown	-	-50	-	-	-
Other Unusual Items	-720	36	-3	-3	-34
Pretax Income	7,619	8,295	7,155	6,290	8,173
Income Tax Expense	1,677	1,783	1,479	1,296	1,968
Earnings From Continuing Operations	5,942	6,512	5,676	4,994	6,205
Minority Interest in Earnings	-389	-143	-174	184	-304
Net Income	5,553	6,369	5,502	5,178	5,901
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)	158	152	151	152	154
Shares Change (YoY)	4.01%	0.60%	-1.14%	-1.27%	-0.28%
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	-	4,701	3,821	4,423	4,603
Free Cash Flow Per Share	-	31.01	25.35	29.02	29.81
Dividend 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	49.75%	49.42%	48.05%	48.59%	50.68%
Operating Margin	35.78%	37.62%	35.53%	36.25%	38.63%
Profit Margin	22.93%	31.21%	30.81%	28.97%	30.46%
Free Cash Flow Margin	-	23.04%	21.39%	24.75%	23.76%
EBITDA	9,673	8,207	6,773	6,897	7,899
EBITDA Margin	39.95%	40.22%	37.92%	38.59%	40.77%
D&A For EBITDA	1,009	529	427	418	415
EBIT	8,664	7,678	6,346	6,479	7,484
EBIT Margin	35.78%	37.62%	35.53%	36.25%	38.63%
Effective Tax Rate	22.01%	21.50%	20.67%	20.60%	24.08%
Revenue as Reported	24,216	20,407	17,859	17,873	19,374

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.