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NYSE · Financials

BlackRock, Inc. (BLK)

As-reported financials and SEC filings for BlackRock, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About BlackRock, Inc.

BlackRock, Inc. is an investment management firm that manages approximately $14 trillion in assets as of the end of 2025. The company offers a variety of investment products including equities, fixed income, private markets, and ETFs, serving institutional and retail clients worldwide. BlackRock also provides technology and advisory services through platforms like Aladdin to support investment and risk management.

Snapshot

Revenue
$24.22B
Revenue growth (YoY)
18.7%
Net income
$5.55B
Diluted EPS
$35.31
Gross margin
—
Operating margin
29.1%
Net margin
22.9%
FCF margin
14.7%
ROE
—
net income / fiscal-year-end equity
P/E
25.5×
trailing when available, otherwise FY EPS
Market cap
$183.22B
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at BlackRock

  • Revenue grew 18.7% to $24.2B in FY2025, faster than the 14.3% the year before.
  • Most recent quarter Q2 FY2026: revenue $7.1B, up 30.6% from Q2 FY2025.
  • Free cash flow was $3.6B in FY2025, 14.7% of revenue.
  • Net income fell 12.8% to $5.6B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where BlackRock’s fundamentals sit among the 425 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin29.1%
75th percentile of 141
Net margin22.9%
65th percentile of 372
FCF margin14.7%
40th percentile of 266
Revenue growth (YoY)+18.7%
66th percentile of 419
P/E25.5×
83rd percentile of 308
Short interest3.61d
50th percentile of 418

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
6
+7 quant / multi-strat
Initiated / added
7
2 new, 5 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$3.88B
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$1.06B1.1MAdded
AQR Capital ManagementquantQ2 2026$632.0M657.3KAdded
ValueAct CapitalQ2 2026$559.3M581.7KAdded
Millennium ManagementquantQ2 2026$476.2M495.3KReduced
Two Sigma InvestmentsquantQ2 2026$466.7M485.3KAdded
Markel GroupQ2 2026$211.7M220.2KHeld
Point72 Asset ManagementquantQ2 2026$172.6M179.5KAdded
D. E. ShawquantQ2 2026$121.2M126.1KReduced
Renaissance TechnologiesquantQ2 2026$114.2M118.7KNew
Harris Associates (Oakmark)Q2 2026$42.9M44.6KReduced
Gotham Asset ManagementQ2 2026$19.3M20.0KReduced
Bridgewater AssociatesQ2 2026$4.5M4.7KNew
Dodge & CoxQ2 2026$683,669711Held

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
0
—
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-16
filed 2026-07-17
Christopher J. MeadeGeneral Counsel and CLOSell15.9K$1101.99$17.5M
2026-07-16
filed 2026-07-17
Christopher J. MeadeGeneral Counsel and CLOSell2.2K$1102.80$2.4M
2026-07-16
filed 2026-07-17
Laurence FinkChairman and CEOSell1.9K$1080.57$2.1M
2026-04-28
filed 2026-04-29
Laurence FinkChairman and CEOSell13.8K$1050.44$14.5M
2026-04-28
filed 2026-04-29
Laurence FinkChairman and CEOSell9.7K$1049.61$10.2M
2026-04-28
filed 2026-04-29
Laurence FinkChairman and CEOSell8.2K$1051.35$8.6M
2026-04-28
filed 2026-04-29
Laurence FinkChairman and CEOSell2.1K$1052.50$2.2M
2026-04-27
filed 2026-04-28
Robert KapitoPresidentSell5.4K$1056.86$5.7M
2026-04-27
filed 2026-04-28
Robert KapitoPresidentSell3.2K$1056.10$3.4M
2026-04-27
filed 2026-04-28
Robert KapitoPresidentSell187$1057.60$198K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.0M
settled 2026-09-30
Change vs prior
+0.0%
vs previous settlement
Days to cover
3.61
at avg daily volume
Avg daily volume
565.6K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-302.0M+0.0%3.61
2026-09-152.0M+6.7%4.03
2026-08-311.9M+5.4%3.25
2026-08-141.8M-16.7%3.13
2026-07-312.2M+3.9%2.78
2026-07-152.1M+1.0%2.59
2026-06-302.1M+3.2%1.97
2026-06-152.0M-0.1%2.79

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$24.22B$20.41B$17.86B$17.87B—
Gross profit—————
Operating income$7.04B$7.57B$6.28B$6.38B—
Pre-tax income$7.62B$8.29B$7.16B$6.29B—
Net income$5.55B$6.37B$5.50B$5.18B$5.90B
Diluted EPS$35.31$42.01$36.51$33.97—

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$11.47B$12.76B$8.74B$7.43B$9.34B
Current assets—————
Total assets$170.00B$138.62B$123.21B——
Current liabilities—————
Long-term debt$12.77B$12.31B$7.92B——
Total liabilities$108.46B$89.26B$81.97B——
Total equity$56.12B$47.66B$39.50B$37.88B$37.81B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$3.93B$4.96B$4.17B$4.96B—
Capital expenditure$375.0M$255.0M$344.0M$533.0M—
Free cash flow—

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$7.08B30.6%$1.91B$12.19
Q1 FY2026$6.70B27.0%$2.21B$14.06
Q4 FY2025—
Q3 FY2025$6.51B25.2%$1.32B$8.43
Q2 FY2025$5.42B12.9%$1.59B$10.19
Q1 FY2025$5.28B11.6%$1.51B$9.64
Q4 FY2024-141.8%
Q3 FY2024$5.20B14.9%$1.63B$10.90

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorFinancials
SIC industrySecurity Brokers, Dealers & Flotation Companies
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2025
SEC CIK2012383

Selected SEC filings

10-K2026-02-25
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
10-Q2025-11-05
View on EDGAR →
10-Q2025-08-06
View on EDGAR →
8-K2026-10-14
View on EDGAR →
8-K2026-07-15
View on EDGAR →
8-K2026-06-30
View on EDGAR →

Largest Financials peers

All Financials companies →

BLK head to head

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.