BlackRock, Inc. (BLK)

BlackRock Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	17,859	17,873	19,374	16,205	14,539
Revenue Growth (YoY)	-0.08%	-7.75%	19.56%	11.46%	2.40%
Cost of Revenue	9,161	9,086	9,556	7,939	7,133
Gross Profit	8,698	8,787	9,818	8,266	7,406
Selling, General & Admin	2,211	2,160	2,221	2,465	1,758
Other Operating Expenses	212	242	147	106	97
Operating Expenses	2,423	2,402	2,368	2,571	1,855
Operating Income	6,275	6,385	7,450	5,695	5,551
Interest Expense / Income	292	212	205	205	203
Other Expense / Income	-998	-301	-624	-680	-389
Pretax Income	6,981	6,474	7,869	6,170	5,737
Income Tax	1,479	1,296	1,968	1,238	1,261
Net Income	5,502	5,178	5,901	4,932	4,476
Net Income Growth	6.26%	-12.25%	19.65%	10.19%	3.97%
Shares Outstanding (Basic)	149	151	152	154	156
Shares Outstanding (Diluted)	151	152	154	155	157
Shares Change	-1.12%	-1.30%	-0.26%	-1.69%	-2.77%
EPS (Basic)	36.85	34.31	38.76	32.13	28.69
EPS (Diluted)	36.51	33.97	38.22	31.85	28.43
EPS Growth	7.48%	-11.12%	20.00%	12.03%	6.96%
Free Cash Flow	3,821	4,423	4,603	3,549	2,630
Free Cash Flow Per Share	25.59	29.31	30.24	23.12	16.86
Dividend Per Share	20.000	19.520	16.520	14.520	13.200
Dividend Growth	2.46%	18.16%	13.77%	10.00%	9.15%
Gross Margin	48.70%	49.16%	50.68%	51.01%	50.94%
Operating Margin	35.14%	35.72%	38.45%	35.14%	38.18%
Profit Margin	30.81%	28.97%	30.46%	30.44%	30.79%
Free Cash Flow Margin	21.40%	24.75%	23.76%	21.90%	18.09%
Effective Tax Rate	21.19%	20.02%	25.01%	20.06%	21.98%
EBITDA	7,840	7,269	8,633	6,851	6,345
EBITDA Margin	43.90%	40.67%	44.56%	42.28%	43.64%
Depreciation & Amortization	567	583	559	476	405
EBIT	7,273	6,686	8,074	6,375	5,940
EBIT Margin	40.72%	37.41%	41.67%	39.34%	40.86%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).