BlackRock

BLK Financial Asset Management

BlackRock’s revenue for fiscal 2025 (year ended December 2025) was $24.2 billion, up 18.7% from fiscal 2024.

Revenue
+19.1%
EPS
+25.5%
Free cash flow
−12.3%
Total debt
−0.22%

Quarter to September 2026, against a year earlier

1,178.77 8.10 +0.69%
Market cap
$190.2B
P/E
26.3×
Fwd P/E
14.8×
Dividend yield
1.91%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

BlackRock 10-Q filed Aug 6, 2026

Fiscal Q2 2026 · Period ended Jun 30, 2026 · Filed · accepted 10:57 AM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed May 6, 2026: 39 added · 5 removed · 55 modified; 35 with only figures updated; 5 moved without change

  1. Removed · Three Months Ended March 31, 2026 Compared with Three Months Ended March 31, 2025

    GAAP. Operating income of $2.8 billion increased $1.1 billion and operating margin of 42.0% increased 980 bps from the three months ended March 31, 2025. Increases in operating income and operating margin were driven by higher revenue, reflecting organic base fee growth, the positive impact of markets, and fees related to the HPS Transaction. GAAP operating income and operating margin were also impacted by noncash acquisition-related items in connection with the HPS and GIP Transactions.