Friday 6 November 2026 Export BLK’s income statement to Excel — free account

BlackRock

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

1,183.64 12.97 +1.11%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

BlackRock (BLK) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by regions, and margins
Americas	15,956	65.89%
Europe	7,166	29.59%
Asia-Pacific	1,094	4.52%
Gross margin		100.00%
Operating margin		29.09%
Pre-tax margin		31.46%

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022
Americas	15,956 65.89%	13,411 65.72%	11,899 66.63%	11,931 66.75%
Europe	7,166 29.59%	6,137 30.07%	5,209 29.17%	5,164 28.89%
Asia-Pacific	1,094 4.52%	859 4.21%	751 4.21%	778 4.35%
Revenue	24,216	20,407	17,859	17,873

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
ETFs net flows	Q3 FY2026	$134.5B	$153.0B	−12.06%
Fixed income index AUM within or above applicable tolerance, five-year period	Q3 FY2026	100.0%	100.0%	—
Fixed income index AUM within or above applicable tolerance, one-year period	Q3 FY2026	98.0%	97.0%	—
Fixed income index AUM within or above applicable tolerance, three-year period	Q3 FY2026	99.0%	99.0%	—
Fundamental equity actively managed AUM above benchmark or peer median, five-year period	Q3 FY2026	65.0%	50.0%	—
Fundamental equity actively managed AUM above benchmark or peer median, one-year period	Q3 FY2026	73.0%	48.0%	—
Fundamental equity actively managed AUM above benchmark or peer median, three-year period	Q3 FY2026	65.0%	64.0%	—
Organic base fee growth	Q3 FY2026	11.0%	10.0%	—
Systematic equity actively managed AUM above benchmark or peer median, one-year period	Q3 FY2026	92.0%	90.0%	—
Taxable fixed income actively managed AUM above benchmark or peer median, five-year period	Q3 FY2026	84.0%	84.0%	—
Taxable fixed income actively managed AUM above benchmark or peer median, one-year period	Q3 FY2026	71.0%	80.0%	—
Taxable fixed income actively managed AUM above benchmark or peer median, three-year period	Q3 FY2026	85.0%	86.0%	—
Tax-exempt fixed income actively managed AUM above benchmark or peer median, five-year period	Q3 FY2026	47.0%	61.0%	—
Tax-exempt fixed income actively managed AUM above benchmark or peer median, one-year period	Q3 FY2026	56.0%	47.0%	—
Tax-exempt fixed income actively managed AUM above benchmark or peer median, three-year period	Q3 FY2026	58.0%	67.0%	—
Technology services ACV growth	Q3 FY2026	12.0%	29.0%	—
Technology services and subscription annual contract value growth excluding acquired ACV	Q4 FY2025	16.0%	—	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024
ETFs net flows	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fixed income index AUM within or above applicable tolerance, five-year period	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fixed income index AUM within or above applicable tolerance, one-year period	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fixed income index AUM within or above applicable tolerance, three-year period	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fundamental equity actively managed AUM above benchmark or peer median, five-year period	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fundamental equity actively managed AUM above benchmark or peer median, one-year period	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fundamental equity actively managed AUM above benchmark or peer median, three-year period	‡	‡	‡	‡	‡	‡	‡	‡	‡
Organic base fee growth	‡	‡	‡	‡	‡	‡	‡	‡	‡
Systematic equity actively managed AUM above benchmark or peer median, one-year period	‡	‡	‡	‡	‡	‡	‡	‡	‡
Taxable fixed income actively managed AUM above benchmark or peer median, five-year period	‡	‡	‡	‡	‡	‡	‡	‡	‡
Taxable fixed income actively managed AUM above benchmark or peer median, one-year period	‡	‡	‡	‡	‡	‡	‡	‡	‡
Taxable fixed income actively managed AUM above benchmark or peer median, three-year period	‡	‡	‡	‡	‡	‡	‡	‡	‡
Tax-exempt fixed income actively managed AUM above benchmark or peer median, five-year period	‡	‡	‡	‡	‡	‡	‡	‡	‡
Tax-exempt fixed income actively managed AUM above benchmark or peer median, one-year period	‡	‡	‡	‡	‡	‡	‡	‡	‡
Tax-exempt fixed income actively managed AUM above benchmark or peer median, three-year period	‡	‡	‡	‡	‡	‡	‡	‡	‡
Technology services ACV growth	‡	‡	‡	‡	‡	‡	‡	‡	‡
Technology services and subscription annual contract value growth excluding acquired ACV	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.