Financials · Asset Management & Custody Banks
BlackRock: revenue, profit and dividends
In fiscal 2025, BlackRock had revenue of $24.2B, up 7.8% a year on average since 2015, and net income of $5.55B (22.9% of revenue). Its dividend per share has gone up 3 years in a row, to $20.84.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +18.7% vs 2024
- Ticker
- BLK · NYSE
- Sector
- Financials
- Sub-industry
- Asset Management & Custody Banks
- Headquarters
- New York City, New York
- Founded
- 1988
- In the S&P 500 since
- April 4, 2011
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- BlackRock, Inc. · CIK 0002012383
Revenue and net income
Revenue went from $4.84B in 2007 to $24.2B in 2025.
Diluted earnings per share
Diluted EPS went from $10.55 in 2010 to $35.31 in 2025. Ten-year growth: 6.0% a year.
Dividends per share
Raised 3 years in a row, every year from 2023 to 2025. Ten-year growth: 9.1% a year.
Shares outstanding
4.8% fewer shares in 2025 than in 2015 (169M → 161M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $3.55B in 2025, 14.7% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $24.2B | $5.55B | 22.9% | $35.31 | $20.84 | 161M | $3.93B | $375M | $3.55B |
| 2024 | $20.4B | $6.37B | 31.2% | $42.01 | $20.40 | 152M | $4.96B | $255M | $4.7B |
| 2023 | $17.9B | $5.5B | 30.8% | $36.51 | $20.00 | 151M | $4.17B | $344M | $3.82B |
| 2022 | $17.9B | $5.18B | 29.0% | $33.97 | $19.52 | 152M | $4.96B | $533M | $4.42B |
| 2021 | $19.4B | $5.9B | 30.5% | $38.22 | — | 154M | $4.94B | $341M | $4.6B |
| 2020 | $16.2B | $4.93B | 30.4% | $31.85 | — | 155M | $3.74B | $194M | $3.55B |
| 2019 | $14.5B | $4.48B | 30.8% | $28.43 | $13.20* | 157M | $2.88B | $254M | $2.63B |
| 2018 | $14.2B | $4.3B | 30.3% | $26.58 | $12.02 | 162M | $3.08B | $204M | $2.87B |
| 2017 | $13.6B | $4.95B | 36.4% | $30.12 | $10.00 | 164M | $3.95B | $155M | $3.79B |
| 2016 | $12.3B | $3.17B | 25.8% | $19.02 | $9.16 | 167M | $2.27B | $119M | $2.15B |
| 2015 | $11.4B | $3.35B | 29.3% | $19.79 | $8.72 | 169M | $3.0B | $221M | $2.78B |
| 2014 | $11.1B | $3.29B | 29.7% | $19.25 | $7.72 | 171M | $3.09B | $66M | $3.02B |
| 2013 | $10.2B | $2.93B | 28.8% | $16.87 | $6.72 | 174M | $3.64B | $94M | $3.55B |
| 2012 | $9.34B | $2.46B | 26.3% | $13.79 | $6.00 | 178M | $2.24B | $150M | $2.09B |
| 2011 | $9.08B | $2.34B | 25.7% | $12.37 | $5.50 | 187M | $2.83B | $247M | $2.58B |
| 2010 | $8.61B | $2.06B | 24.0% | $10.55 | $4.00 | 193M | $2.49B | $131M | $2.36B |
| 2009 | $4.7B | $875M | 18.6% | — | — | — | $1.4B | $65M | $1.33B |
| 2008 | $5.06B | $784M | 15.5% | — | — | — | $1.92B | $77M | $1.84B |
| 2007 | $4.84B | $993M | 20.5% | — | — | — | $587M | $111M | $476M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data. * added up from quarterly reports.
About these figures
- Figures filed before November 6, 2024 come from Blackrock Finance, Inc. (CIK 0001364742), the earlier SEC registrant of the same business.
- The share count goes from 63.1M in 2009 to 132M in 2010, far more than buybacks or new shares explain — usually an IPO, a reverse split or a reorganization that the data are not adjusted for. Per-share figures and share counts before 2010 are therefore left out.
- Dividends per share for 2019 are added up from the quarterly reports.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Asset Management & Custody Banks companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.