BlackRock, Inc. income statement & cash flow
In the fiscal year ended Dec 31, 2025, BlackRock, Inc. reported net income of $5.55B on revenue of $24.22B. Operating cash flow was $3.93B and capital expenditures were $375.00M, leaving $3.55B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Revenue | $11.06B | $11.01B | $12.79B | $24.22B |
| Operating income | $6.38B | $6.28B | $7.57B | $7.04B |
| Net income | $5.18B | $5.50B | $6.37B | $5.55B |
| Diluted EPS | $33.97 | $36.51 | $42.01 | $35.31 |
| Operating cash flow | $4.96B | $4.17B | $4.96B | $3.93B |
| Capital expenditures | $533.00M | $344.00M | $255.00M | $375.00M |
| Reported in | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 29.1% | 22.9% |
| Dec 2024 | — | 59.2% | 49.8% |
| Dec 2023 | — | 57.0% | 50.0% |
| Dec 2022 | — | 57.7% | 46.8% |
Source: SEC EDGAR XBRL company facts for CIK 2012383 (raw data). Most recent filing in this dataset: 10-Q filed Aug 6, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.