Your Best Stock

Blackrock BLK

US equityMarket cap rank #95Asset Management
$1,067.79
+$6.90 (+0.65%)
Market open · Sep 24, 2:00 pm ET
After hours $1,060.05 -0.08%
Open$1,059.70
Prev close$1,060.89
Day range$1,053.49 – $1,070.09
Volume201.1K
Market cap$165.37B
P/E (TTM)25.6
Dividend yield2.05%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$7.08B+30.6% YoY
Operating profit$2.47B+33.6% YoY
Net profit$2.04B+22.6% YoY
Diluted EPS$12.19+19.6% YoY
Free cash flow$1.12B-12.3% YoY
Operating cash flow$1.23B

Revenue, last 8 quarters

$5.2BSep '24$5.7BDec '24$5.3BMar '25$5.4BJun '25$6.5BSep '25$7.0BDec '25$6.7BMar '26$7.1BJun '26

Net profit, last 8 quarters

$1.7BSep '24$1.7BDec '24$1.5BMar '25$1.7BJun '25$1.5BSep '25$1.2BDec '25$2.3BMar '26$2.0BJun '26

Diluted EPS by quarter

10.90Sep '2410.63Dec '249.64Mar '2510.19Jun '258.43Sep '257.16Dec '2514.06Mar '2612.19Jun '26

Free cash flow by quarter

$1.3BSep '24$2.5BDec '24$-1.2BMar '25$1.3BJun '25$1.3BSep '25$2.1BDec '25$-1.1BMar '26$1.1BJun '26

Annual revenue

$16.2BFY20$19.4BFY21$17.9BFY22$17.9BFY23$20.4BFY24$24.2BFY25

Profitability & balance sheet

Gross margin47.2%
Operating margin33.0%
Net margin24.1%
Return on equity12.3%
Return on assets4.1%
Return on invested capital9.8%
Current ratio12.76
Liabilities / assets63.3%
Cash & investments$13.87B
Total debt$14.97B
Net cash (debt)-$1.10B
Free cash flow / sales12.9%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Equity$2.62B 36.9%
  • Fixed income$982.00M 13.9%
  • Alternatives$851.00M 12.0%
  • Technology services and subscription revenue$566.00M 8.0%
  • Distribution fees$395.00M 5.6%
  • Active multi-asset$387.00M 5.5%
  • Non-exchange-traded fund (ETF) index$385.00M 5.4%
  • Cash management$343.00M 4.8%
  • Investment Advisory Performance Fees$305.00M 4.3%
  • Other$255.00M 3.6%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $7.08B $6.70B $24.22B $7.01B $6.51B
Total Operating Revenue $7.08B $6.70B $24.22B $7.01B $6.51B
Cost of Revenue $3.62B $3.48B $12.91B $3.81B $3.52B
Gross Profit $3.47B $3.22B $11.31B $3.20B $2.99B
Operating Expense $996.00M $955.00M $3.40B $970.00M $945.00M
Selling and Admin Expenses $720.00M $678.00M $2.63B $702.00M $692.00M
-Selling & Marketing Expense $94.00M $101.00M $373.00M $101.00M $82.00M
-General & Admin Expense $626.00M $577.00M $2.25B $601.00M $610.00M
Depreciation & Amortization & Depletion $276.00M $277.00M $775.00M $268.00M $253.00M
-Depreciation & Amortization $276.00M $277.00M $775.00M $268.00M $253.00M
Operating Profit $2.47B $2.26B $7.91B $2.23B $2.05B
Net Non-Operating Interest Income (Expense) -$25.00M -$44.00M -$60.00M -$16.00M -$22.00M
Non-Operating Interest Income $109.00M $90.00M $554.00M $124.00M $113.00M
Non-Operating Interest Expense $134.00M $134.00M $614.00M $140.00M $135.00M
Other Income (Expense) $272.00M $625.00M -$230.00M -$605.00M -$26.00M
Gain on Sale of Security $283.00M $76.00M $638.00M -$41.00M $67.00M
Special Income (Charges) -$11.00M $549.00M -$759.00M -$455.00M -$93.00M
-Less:Restructuring and Mergern & Acquisition $11.00M -$549.00M $759.00M $455.00M $93.00M
Pretax Profit $2.72B $2.84B $7.62B $1.61B $2.00B
Tax $677.00M $516.00M $1.68B $372.00M $470.00M
Net Profit $2.04B $2.33B $5.94B $1.24B $1.53B
Profit from Continuing Operations $2.04B $2.33B $5.94B $1.24B $1.53B
Minority Interests $128.00M $114.00M $389.00M $108.00M $204.00M
Net Income to Parent Company $1.91B $2.21B $5.55B $1.13B $1.32B
Net Income to Common Stockholders $1.91B $2.21B $5.55B $1.13B $1.32B
Basic EPS $12.34 $14.24 $35.83 $7.27 $8.54
Diluted EPS $12.19 $14.06 $35.31 $7.16 $8.43
Dividend Per Share $5.73 $5.73 $20.84 $5.21 $5.21
-Less:Other Special Charges – – $109.00M – –
Other Non-Operating Income (Expenses) – – -$109.00M – –

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $175.88B $170.24B $170.00B $170.00B $162.68B
Total Current Assets $25.67B $25.02B $27.42B $27.42B $23.72B
Cash and Cash Equivalents & Short-Term Investments $13.87B $13.15B $14.26B $14.26B $12.60B
-Cash and Cash Equivalents $10.49B $9.84B $11.47B $11.47B $9.98B
-Short Term Investments $3.38B $3.30B $2.79B $2.79B $2.62B
Receivables $5.44B $5.22B $5.16B $5.16B $4.80B
-Accounts Receivable $5.44B $5.22B $5.16B $5.16B $4.80B
Restricted Cash $6.36B $6.66B $8.01B $8.01B $6.33B
Total Non-Current Assets $150.20B $145.22B $142.57B $142.57B $138.96B
Net PPE $3.15B $3.13B $3.13B $3.13B $3.14B
-Gross PPE $5.01B $4.89B $4.82B $4.82B $4.90B
-Accumulated Depreciation -$1.85B -$1.77B -$1.69B -$1.69B -$1.77B
Investments and Advances $11.68B $11.18B $10.40B $10.40B $10.96B
-Available for Sale Securities $538.00M $537.00M $568.00M $568.00M $552.00M
-Held to Maturity Securities $487.00M $495.00M $507.00M $507.00M $532.00M
-Long Term Equity Investment $2.45B $2.33B $2.13B $2.13B $2.47B
Goodwill and Other Intangible Assets $62.62B $62.99B $63.25B $63.25B $63.52B
-Goodwill $35.20B $35.30B $35.28B $35.28B $35.36B
-Other Intangible Assets $27.42B $27.69B $27.97B $27.97B $28.16B
Other Non-Current Assets $72.76B $67.92B $65.80B $65.80B $61.35B
Total Liabilities $111.34B $106.92B $108.46B $108.46B $100.83B
Total Current Liabilities $2.01B $2.10B $1.74B $1.74B $1.65B
Total Non-Current Liabilities $109.32B $104.82B $106.72B $106.72B $99.18B
Long Term Debt and Capital Lease Obligation $14.97B $14.97B $15.00B $15.00B $15.04B
-Long Term Debt $12.74B $12.75B $12.77B $12.77B $12.77B
-Long Term Capital Lease Obligation $2.22B $2.22B $2.23B $2.23B $2.28B
Non-Current Deferred Liabilities $4.49B $4.66B $4.62B $4.62B $5.00B
Employee Benefits $2.43B $1.59B $3.83B $3.83B $2.79B
Other Non-Current Liabilities $87.44B $83.61B $83.27B $83.27B $76.36B
Total Equity $64.54B $63.32B $61.54B $61.54B $61.86B
Stockholders' Equity $57.61B $56.69B $55.89B $55.89B $55.52B
Capital Stock $2.00M $2.00M $2.00M $2.00M $2.00M
-Common Stock $2.00M $2.00M $2.00M $2.00M $2.00M
Additional Paid-In Capital $19.41B $19.15B $19.75B $19.75B $19.65B
Retained Earnings $40.21B $39.18B $37.90B $37.90B $37.58B
Less: Treasury Stock $1.36B $964.00M $1.22B $1.22B $1.16B
Gains/Losses Not Affecting Retained Earnings -$653.00M -$678.00M -$545.00M -$545.00M -$558.00M
Minority Interests $6.93B $6.63B $5.65B $5.65B $6.34B
-Loans Receivable – – $0.00 $0.00 $0.00

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.23B -$980.00M $3.93B $2.28B $1.41B
Net cash flow from continuing operations $1.23B -$980.00M $3.93B $2.28B $1.41B
Net Income from Continuing Operations $2.04B $2.33B $5.94B $1.24B $1.53B
Gain/Loss from Continuing Operations -$280.00M -$91.00M -$820.00M $7.00M -$118.00M
Depreciation & Depletion & Amortization $385.00M $380.00M $1.13B $369.00M $346.00M
Deferred Tax -$78.00M $60.00M -$631.00M -$393.00M -$160.00M
Other Non-Cash Items -$1.38B -$2.18B -$3.24B -$262.00M -$1.23B
Change in Working Capital $207.00M -$1.81B -$189.00M $626.00M $624.00M
-Change in Receivables -$222.00M -$111.00M -$619.00M -$354.00M -$379.00M
-Change in Payables and Accrued Expense -$84.00M $340.00M $75.00M $96.00M -$203.00M
-Change in Other Current Assets $1.73B -$3.26B -$529.00M $2.00B -$125.00M
-Change in Other Current Liabilities -$2.06B $3.47B $225.00M -$2.16B $536.00M
-Change In Other Working Capital $845.00M -$2.26B $659.00M $1.05B $795.00M
Net cash flow from investing -$460.00M -$280.00M -$4.42B -$212.00M -$923.00M
Net Cash Flow from Continuing Investing Activities -$460.00M -$280.00M -$4.42B -$212.00M -$923.00M
Net PPE Purchase and Sale -$109.00M -$106.00M -$375.00M -$130.00M -$78.00M
Net Business Purchase and Sale $0.00 -$15.00M -$3.50B $0.00 -$390.00M
Net Investment Purchase and Sale -$375.00M -$249.00M -$937.00M -$175.00M -$490.00M
Financing Cash Flow -$117.00M -$304.00M -$1.13B -$588.00M $96.00M
Net Cash Flow from Continuing Financing Activities -$117.00M -$304.00M -$1.13B -$588.00M $96.00M
Net Issuance Payments Of Debt -$61.00M $193.00M $172.00M -$68.00M -$15.00M
Net Common Stock Issuance -$461.00M -$810.00M -$1.95B -$514.00M -$384.00M
Cash Dividends Paid -$933.00M -$973.00M -$3.35B -$850.00M -$851.00M
Proceeds from Stock Option Exercised $14.00M $74.00M $167.00M $14.00M $55.00M
Net Other Financing Charges $1.32B $1.21B $3.83B $830.00M $1.29B
Ending Cash Balance $10.51B $9.86B $11.49B $11.49B $10.00B
Net Change in Cash $650.00M -$1.56B -$1.62B $1.48B $587.00M
Beginning Cash Balance $9.86B $11.49B $12.78B $10.00B $9.50B
Effect of Exchange Rate Changes $1.00M -$63.00M $329.00M $12.00M -$81.00M
Free Cash Flow $1.12B -$1.09B $3.55B $2.15B $1.34B
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