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. In the quarter to September 2026, revenue grew 19.1%, EPS grew 45.2%, free cash flow fell 12.3% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
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BlackRock (BLK) EBITDA
BlackRock's EBITDA for fiscal 2025 was $8.2B, unchanged from fiscal 2024. Over the twelve months to 30 June 2026 it was $10.4B. Over the past ten years it has ranged from $4.8B (fiscal 2016) to $8.2B (fiscal 2025) — the current reading is the highest in ten years. BlackRock ranks 1st of 110 Asset Management companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $8.2B | 0.84% |
| FY2024 | $8.1B | 20.90% |
| FY2023 | $6.7B | (1.48%) |
| FY2022 | $6.8B | (13.50%) |
| FY2021 | $7.9B | 29.94% |
| FY2020 | $6.1B | 3.52% |
| FY2019 | $5.8B | 2.99% |
| FY2018 | $5.7B | 3.33% |
| FY2017 | $5.5B | 13.79% |
| FY2016 | $4.8B | (2.64%) |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Jun 2026 | $2.8B | (10.90%) |
| Mar 2026 | $3.2B | 57.34% |
| Dec 2025 | $2.0B | (11.78%) |
| Sep 2025 | $2.3B | 18.12% |
| 42 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| BLK BlackRock | $10.4B |
| APO Apollo Global Management Inc. compare | $8.9B |
| BX Blackstone Inc. compare | $8.2B |
| AMP Ameriprise Financial, Inc. compare | $6.6B |
| BAM Brookfield Asset Management Ltd. compare | $3.6B |
| KKR KKR & Co. Inc. compare | $1.7B |
| ARES Ares Management Corporation compare | $1.1B |
| STT State Street Corporation compare | — |
| NTRS Northern Trust Corporation compare | — |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
More on BLK
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement