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BlackRock

NYSE: BLK · USD

BlackRock financials

6 charts

Revenue

USD millions

$7,084M
BlackRock Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodRevenue
FY 2024 Q3$5,197M; Change unavailable vs FY 2024 Q2
FY 2024 Q4$5,677M; +9.2% vs FY 2024 Q3
FY 2025 Q1$5,276M; −7.1% vs FY 2024 Q4
FY 2025 Q2$5,423M; +2.8% vs FY 2025 Q1
FY 2025 Q3$6,509M; +20.0% vs FY 2025 Q2
FY 2025 Q4$7,008M; +7.7% vs FY 2025 Q3
FY 2026 Q1$6,698M; −4.4% vs FY 2025 Q4
FY 2026 Q2$7,084M; +5.8% vs FY 2026 Q1
Sep 30, 2024 through Sep 25, 2026

Free cash flow

USD millions

$1,118M
BlackRock Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodFree cash flow
FY 2024 Q3$1,287M; Change unavailable vs FY 2024 Q2
FY 2024 Q4$2,528M; +96.4% vs FY 2024 Q3
FY 2025 Q1$-1,206M; −147.7% vs FY 2024 Q4
FY 2025 Q2$1,275M; +205.7% vs FY 2025 Q1
FY 2025 Q3$1,336M; +4.8% vs FY 2025 Q2
FY 2025 Q4$2,147M; +60.7% vs FY 2025 Q3
FY 2026 Q1$-1,086M; −150.6% vs FY 2025 Q4
FY 2026 Q2$1,118M; +202.9% vs FY 2026 Q1

Net margin

%

27.02%
BlackRock Net margin. Reported fiscal history.
Fiscal period%
FY 2024 Q331.38%
FY 2024 Q429.42%
FY 2025 Q128.62%
FY 2025 Q229.37%
FY 2025 Q320.33%
FY 2025 Q416.08%
FY 2026 Q133.02%
FY 2026 Q227.02%

P/E

× · TTM · Daily

27.2×
BlackRock P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date× · TTM · DailyFinancials through
2025-02-2824.11×2024-12-31
2025-03-3123.34×2024-12-31
2025-04-3022.54×2024-12-31
2025-05-3024.16×2024-12-31
2025-06-3025.87×2024-12-31
2025-07-3127.27×2024-12-31
2025-08-2927.5×2025-06-30
2025-09-3028.45×2025-06-30
2025-10-3126.42×2025-06-30
2025-11-2828.38×2025-09-30
2025-12-3129×2025-09-30
2026-01-3030.32×2025-09-30
2026-02-2731.66×2025-12-31
2026-03-3128.64×2025-12-31
2026-04-3031.73×2025-12-31
2026-05-2927.62×2026-03-31
2026-06-3025.37×2026-03-31
2026-07-3128.76×2026-03-31
2026-08-3128.93×2026-06-30
2026-09-2527.2×2026-06-30

ROIC

% · Annual / TTM

12.28%
BlackRock ROIC. Reported fiscal history.
Fiscal period% · Annual / TTM
FY 2024 Q3—
FY 2024 Q4—
FY 2025 Q1—
FY 2025 Q2—
FY 2025 Q311.92%
FY 2025 Q410.5%
FY 2026 Q111.25%
FY 2026 Q212.28%

Capital allocation

% of tracked cash uses

$109M
BlackRock capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2024 Q37.57% · $94M0% · $0M31.48% · $391M60.95% · $757M0% · $0M100% · $1,242M
FY 2024 Q42.18% · $90M69.31% · $2,862M9.35% · $386M19.16% · $791M0% · $0M100% · $4,129M
FY 2025 Q11.66% · $78M66.5% · $3,123M13.99% · $657M17.84% · $838M0% · $0M100% · $4,696M
FY 2025 Q24.26% · $89MUnavailable18.96% · $396M38.68% · $808M38.1% · $796M100% · $2,089M
FY 2025 Q316.67% · $78M83.33% · $390MUnavailableUnavailable0% · $0M100% · $468M
FY 2025 Q4100% · $130M0% · $0MUnavailableUnavailable0% · $0M100% · $130M
FY 2026 Q187.6% · $106M12.4% · $15MUnavailableUnavailableUnavailable100% · $121M
FY 2026 Q2100% · $109M0% · $0MUnavailableUnavailableUnavailable100% · $109M

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for BlackRock.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue
Reported revenue from company filings.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin
Reported net income / revenue × 100.
P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation
Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.
Reported revenue and sources