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
Follow BLK
Alert me
BlackRock 10-Q filed Aug 6, 2026
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
-
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.