BlackRock cash flow statement
In fiscal 2025, BlackRock's operations generated $3.93bn of cash; it spent $375m on capital projects, leaving free cash flow of $3.55bn.
Cash flow statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Cash from operations | 4,956 | 4,165 | 4,956 | 3,927 | 3,938 |
| Depreciation and amortisation | 418 | 427 | 529 | 1,126 | 1,480 |
| Stock-based pay | 708 | 630 | 753 | 1,307 | 1,461 |
| Capital spending | 533 | 344 | 255 | 375 | 423 |
| Free cash flow | 4,423 | 3,821 | 4,701 | 3,552 | 3,515 |
| Free cash flow after stock pay | 3,715 | 3,191 | 3,948 | 2,245 | 2,054 |
| Dividends paid | 2,990 | 3,035 | 3,101 | — | — |
| Share buybacks | 2,332 | 1,884 | 1,930 | — | — |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,381 | 2,618 | −1,128 | 1,364 | 1,414 | 2,277 | −980 | 1,227 |
| Depreciation and amortisation | 110 | 200 | 194 | 217 | 346 | 369 | 380 | 385 |
| Stock-based pay | 156 | 242 | 241 | 226 | 419 | 421 | 319 | 302 |
| Capital spending | 94 | 90 | 78 | 89 | 78 | 130 | 106 | 109 |
| Free cash flow | 1,287 | 2,528 | −1,206 | 1,275 | 1,336 | 2,147 | −1,086 | 1,118 |
| Free cash flow after stock pay | 1,131 | 2,286 | −1,447 | 1,049 | 917 | 1,726 | −1,405 | 816 |
Compare with peers
- BNY Mellon cash flow
- KKR & Co. cash flow
- Apollo Global Management cash flow
- Ameriprise Financial cash flow
- Blackstone Inc. cash flow
Head to head: BLK vs BNYBLK vs KKRAPO vs BLK
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