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BlackRock revenue

BlackRock's revenue was $24.22bn in fiscal 2025, up 89.3% on the year before. Since fiscal 2022 ($11.06bn) it has grown at a compound 29.8% a year. Over the last twelve months it was $27.30bn.

Revenue history

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

BlackRock: revenue history, annual
Fiscal year2022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue11.111.012.824.227.3
Growth on the year before—−0.4%+16.2%+89.3%—

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Investment Advice $19.2B ▲ 19.1%
Revenue By Client Type $19.2B ▲ 19.1%
Revenue By Investment Style $19.2B ▲ 19.1%
Technology Services and Subscription Revenue $2B ▲ 23.6%
Investment Performance $1.4B ▲ 18.0%
Distribution and Shareholder Service $1.4B ▲ 6.4%
Other services $277M ▲ 23.7%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
Americas $16B 65.9% ▲ 19.0%
Europe $7.2B 29.6% ▲ 16.8%
Asia Pacific $1.1B 4.5% ▲ 27.4%

From BlackRock's 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Asset Management & Custody Banks: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
BlackRock $27.30bn 95.6% —
BNY Mellon $21.96bn 11.2% 8.4%
KKR & Co. $21.31bn 31.1% 24.2%
Apollo Global Management $35.90bn 41.2% 10.2%
Ameriprise Financial $20.14bn 8.8% 8.9%
Blackstone Inc. $16.11bn 17.2% 32.3%

Compare with peers

Head to head: BLK vs BNYBLK vs KKRAPO vs BLK

More: Asset Management & Custody Banks stocks compared, Financials sector, rankings of US companies

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.