BlackRock income statement
In fiscal 2025, BlackRock reported revenue of $24.22bn, up 89.3% on the year before, operating income of $7.04bn (a 29.1% margin) and net income of $5.55bn, or $35.31 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 11.1 | 11.0 | 12.8 | 24.2 | 27.3 |
| General and administrative | 2.1 | 2.1 | 2.3 | 2.7 | 2.7 |
| Operating income | 6.4 | 6.3 | 7.6 | 7.0 | 8.9 |
| Interest expense | 0.2 | 0.3 | 0.5 | 0.6 | 0.5 |
| Income before tax | 6.3 | 7.2 | 8.3 | 7.6 | 9.2 |
| Income tax | 1.3 | 1.5 | 1.8 | 1.7 | 2.0 |
| Net income | 5.2 | 5.5 | 6.4 | 5.6 | 6.6 |
| Diluted EPS | $33.97 | $36.51 | $42.01 | $35.31 | $39.84 |
| Diluted shares (average) | 152m | 151m | 152m | 161m | 165m |
| EBITDA | 6.8 | 6.7 | 8.1 | 8.2 | 10.4 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,197 | −1,936 | 5,276 | 5,423 | 6,509 | 7,008 | 6,698 | 7,084 |
| General and administrative | 562 | 632 | 615 | 613 | 782 | 549 | 674 | 720 |
| Operating income | 2,006 | 2,075 | 1,698 | 1,731 | 1,955 | 1,661 | 2,814 | 2,461 |
| Interest expense | 154 | 166 | 166 | 173 | 135 | 140 | 134 | 134 |
| Income before tax | 2,265 | 2,103 | 1,763 | 2,252 | 1,997 | 1,607 | 2,842 | 2,719 |
| Income tax | 574 | 442 | 248 | 587 | 470 | 372 | 516 | 677 |
| Net income | 1,631 | 1,670 | 1,510 | 1,593 | 1,323 | 1,127 | 2,212 | 1,914 |
| Diluted EPS | $10.90 | $10.64 | $9.64 | $10.19 | $8.43 | $7.10 | $14.06 | $12.19 |
| EBITDA | 2,116 | 2,275 | 1,892 | 1,948 | 2,301 | 2,030 | 3,194 | 2,846 |
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