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) Operating cash flow
BlackRock's operating cash flow for fiscal 2025 was $3.9B, down 20.8% from $5.0B in fiscal 2024. Over the twelve months to 30 June 2026 it was $3.9B. Over the past ten years it has ranged from $2.3B (fiscal 2016) to $5.0B (fiscal 2024); the current reading is higher than 55% of that period. BlackRock ranks 5th of 115 Asset Management companies by operating cash flow.
Operating cash flow, annual
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Annual newest first
| Period | Operating cash flow | Change |
|---|---|---|
| FY2025 | $3.9B | (20.76%) |
| FY2024 | $5.0B | 18.99% |
| FY2023 | $4.2B | (15.96%) |
| FY2022 | $5.0B | 0.24% |
| FY2021 | $4.9B | 32.09% |
| FY2020 | $3.7B | 29.79% |
| FY2019 | $2.9B | (6.21%) |
| FY2018 | $3.1B | (22.15%) |
| FY2017 | $4.0B | 73.78% |
| FY2016 | $2.3B | (24.33%) |
Quarterly newest first
| Period | Operating cash flow | Change |
|---|---|---|
| Jun 2026 | $1.2B | — |
| Mar 2026 | −$980.0M | — |
| Dec 2025 | $2.3B | 61.03% |
| Sep 2025 | $1.4B | 3.67% |
| 42 more quarters | Free account |
Against its own ten years
Operating cash flow against peers
| Company | Operating cash flow |
|---|---|
| APO Apollo Global Management Inc. compare | $9.5B |
| AMP Ameriprise Financial, Inc. compare | $8.2B |
| BX Blackstone Inc. compare | $5.6B |
| BLK BlackRock | $3.9B |
| STT State Street Corporation compare | $3.5B |
| KKR KKR & Co. Inc. compare | $2.5B |
| BAM Brookfield Asset Management Ltd. compare | $2.3B |
| ARES Ares Management Corporation compare | $912.1M |
| NTRS Northern Trust Corporation compare | $529.3M |
What Operating cash flow is
Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.
Reported line item
More on BLK
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free 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