BlackRock balance sheet

At the end of fiscal 2025, BlackRock had total assets of $170.00bn, total liabilities of $108.46bn and shareholders' equity of $55.89bn. It held $11.47bn in cash against $12.77bn of debt: net debt of $1.30bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

BlackRock: balance sheet, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	7.4	8.7	12.8	11.5	10.5
Goodwill	15.3	15.5	25.9	35.3	35.2
Total assets	—	123.2	138.6	170.0	175.9
Long-term debt	—	7.9	12.3	12.8	12.7
Total debt	0.0	7.9	12.3	12.8	12.7
Total liabilities	—	82.0	89.3	108.5	111.3
Shareholders' equity	37.9	39.3	47.5	55.9	57.6
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	5.7	6.9
Net debt (negative = net cash)	−7.4	−0.8	−0.4	1.3	2.3
Shares outstanding	—	149m	155m	155m	155m

US$ billions unless shown otherwise. Fiscal quarters.

BlackRock: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Goodwill	15.7	25.9	28.3	28.3	35.4	35.3	35.3	35.2
Total assets	132.8	138.6	141.9	146.5	162.7	170.0	170.2	175.9
Long-term debt	12.4	12.3	12.3	12.8	12.8	12.8	12.7	12.7
Total debt	12.4	12.3	12.3	12.8	12.8	12.8	12.7	12.7
Total liabilities	89.2	89.3	91.8	94.9	100.8	108.5	106.9	111.3
Shareholders' equity	41.2	47.5	48.0	49.1	55.5	55.9	56.7	57.6
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	6.3	5.7	6.6	6.9
Shares outstanding	148m	155m	155m	155m	155m	155m	155m	155m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from BlackRock's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to BlackRock.