Financials in USD. Standardized financial statements.
A compact view of how BlackRock, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $24.22B | $20.41B | $17.86B | $17.87B | $19.37B | $16.20B | $14.54B | $14.20B | $13.60B | $12.26B |
| Revenue Growth? | +18.7% | +14.3% | -0.1% | -7.7% | +19.6% | +11.5% | +2.4% | +4.4% | +10.9% | 0.0% |
| Cost of Revenue? | $10.77B | $10.32B | $9.28B | $9.19B | $9.56B | $7.94B | $7.13B | $6.99B | $6.81B | $6.24B |
| Gross Profit? | $13.45B | $10.09B | $8.58B | $8.68B | $9.82B | $8.27B | $7.41B | $7.21B | $6.79B | $6.02B |
| Gross Margin? | +55.5% | +49.4% | +48.1% | +48.6% | +50.7% | +51.0% | +50.9% | +50.7% | +49.9% | +49.1% |
| Operating Expenses? | $6.40B | $2.51B | $2.31B | $2.30B | $2.37B | $2.57B | $1.85B | $1.75B | $1.53B | $1.45B |
| Operating Income? | $7.04B | $7.57B | $6.28B | $6.38B | $7.45B | $5.70B | $5.55B | $5.46B | $5.25B | $4.57B |
| EBITDA? | $8.47B | $8.21B | $6.77B | $6.90B | $7.90B | $6.08B | $5.90B | $5.80B | $5.50B | $4.90B |
| Income Before Tax | $7.62B | $8.29B | $7.16B | $6.29B | $8.17B | $6.52B | $5.79B | $5.38B | $5.26B | $4.46B |
| Income Tax Expense | $1.68B | $1.78B | $1.48B | $1.30B | $1.97B | $1.24B | $1.26B | $1.08B | $270.00M | $1.29B |
| Net Income? | $5.55B | $6.37B | $5.50B | $5.18B | $5.90B | $4.93B | $4.48B | $4.30B | $4.95B | $3.17B |
| EPS? | $35.84 | $42.45 | $36.85 | $34.31 | $38.76 | $32.13 | $28.69 | $26.75 | $30.42 | $19.19 |
| Diluted EPS? | $35.42 | $42.01 | $36.51 | $33.97 | $38.22 | $31.85 | $28.43 | $26.48 | $30.00 | $18.94 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality