BlackRock Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	25,350	23,939	20,183	17,700	17,710	19,205
Other Revenues	288	277	224	159	163	169
Revenue	25,638	24,216	20,407	17,859	17,873	19,374
Revenue Growth (YoY)	22.35%	18.67%	14.27%	-0.08%	-7.75%	19.56%
Cost of Revenue	13,638	12,906	10,321	9,277	9,189	9,556
Gross Profit	12,000	11,310	10,086	8,582	8,684	9,818
Selling, General & Admin	2,694	2,731	2,257	2,092	2,057	2,221
Depreciation & Amortization Expenses	1,203	775	291	151	151	147
Other Operating Expenses	39	39	-	61	91	-
Operating Income	8,064	7,765	7,538	6,278	6,385	7,450
Interest Income	321	554	767	473	152	87
Interest Expense	-448	-614	-538	-292	-212	-205
Other Non-Operating Income (Expense)	742	-86	528	696	-35	841
Total Non-Operating Income (Expense)	615	-146	757	877	-95	723
Pretax Income	8,698	7,619	8,295	7,155	6,290	8,173
Provision for Income Taxes	1,945	1,677	1,783	1,479	1,296	1,968
Net Income	6,255	5,553	6,369	5,502	5,178	5,901
Minority Interest in Earnings	498	389	143	174	-184	304
Net Income to Common	6,255	5,553	6,369	5,502	5,178	5,901
Net Income Growth	-0.81%	-12.81%	15.76%	6.26%	-12.25%	19.65%
Shares Outstanding (Basic)	155	155	150	149	151	152
Shares Outstanding (Diluted)	163	161	152	151	152	154
Shares Change (YoY)	6.86%	6.10%	0.60%	-1.14%	-1.27%	-0.26%
EPS (Basic)	40.34	35.83	42.45	36.85	34.31	38.76
EPS (Diluted)	39.84	35.31	42.01	36.51	33.97	38.22
EPS Growth	-3.21%	-15.95%	15.06%	7.48%	-11.12%	20.00%
Shares Outstanding	155.54	155.07	154.95	148.5	149.76	151.68
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	21.360	20.840	20.400	20.000	19.520	16.520
Dividend Growth	2.50%	2.16%	2.00%	2.46%	18.16%	13.77%
Gross Margin	46.81%	46.70%	49.42%	48.05%	48.59%	50.68%
Operating Margin	31.45%	32.07%	36.94%	35.15%	35.72%	38.45%
Profit Margin	26.34%	24.54%	31.91%	31.78%	27.94%	32.03%
FCF Margin	-	14.67%	23.04%	21.40%	24.75%	23.76%
EBITDA	8,064	8,891	8,067	6,705	6,803	7,865
EBITDA Margin	31.45%	36.72%	39.53%	37.54%	38.06%	40.60%
EBIT	8,064	7,765	7,538	6,278	6,385	7,450
EBIT Margin	31.45%	32.07%	36.94%	35.15%	35.72%	38.45%
Effective Tax Rate	22.36%	22.01%	21.49%	20.67%	20.60%	24.08%

Updated Mar 31, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q