BlackRock (BLK): financials, SEC filings and peers
BlackRock (BLK) is an asset management & custody banks company in the Financials sector of the S&P 500, headquartered in New York City, New York.
It was founded in 1988 and joined the S&P 500 on April 4, 2011.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Security Brokers, Dealers & Flotation Companies”.
BlackRock at a glance
- Revenue (12 months)
- $28.5B
- Revenue growth
- +24.7%
- Operating margin
- 32.5%
- Net income (12 months)
- $6.9B
- Free cash flow (12 months)
- $4.8B
- Cash
- $12.9B
- Debt
- $12.7B
- Diluted EPS (12 months)
- $43.92
Twelve months to September 30, 2026, from the 10-Q filed November 4, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, BlackRock reported revenue of $28.5 billion, up 24.7% from a year earlier.
Its operating margin was 32.5%: for every $100 of sales, about $32 was left as operating profit.
Net income was $6.9 billion (24.2% of revenue), 13.4% higher than a year earlier.
Operating cash flow was $5.2 billion and capital spending $446 million, leaving free cash flow of $4.8 billion (16.8% of revenue).
At the end of the period it held $12.9 billion in cash and $12.7 billion in debt, a net cash position of $137 million.
Five-year trend
- Revenue went from $11.1 billion in fiscal 2022 to $24.2 billion in fiscal 2025, about 29.8% a year.
- Operating margin narrowed from 57.7% to 29.1% over the same years.
- Free cash flow was positive in each of the last 4 fiscal years.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $11.1B | $11.0B | $12.8B | $24.2B |
| Revenue growth | — | -0.4% | 16.2% | 89.3% |
| Operating margin | 57.7% | 57.0% | 59.2% | 29.1% |
| Net income | $5.2B | $5.5B | $6.4B | $5.6B |
| Free cash flow | $4.4B | $3.8B | $4.7B | $3.6B |
| Diluted EPS | $33.97 | $36.51 | $42.01 | $35.31 |
Fiscal years as reported in BlackRock’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed November 4, 2026 — quarterly report
Companies like BlackRock
Other S&P 500 companies in Asset Management & Custody Banks:
- AMPAmeriprise FinancialMinneapolis, Minnesota
- APOApollo Global ManagementNew York City, New York
- ARESAres ManagementLos Angeles, California
- BENFranklin ResourcesSan Mateo, California
- BNYBNY MellonNew York City, New York
- BXBlackstone Inc.New York City, New York
- IVZInvescoAtlanta, Georgia
- KKRKKR & Co.New York City, New York
More from Financials
Questions about BlackRock
Is BlackRock's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $28.5 billion, up 24.7% from a year earlier, according to its SEC filings.
Is BlackRock profitable?
Yes. It earned $6.9 billion in net income over the twelve months to September 30, 2026, a net margin of 24.2%.
Does BlackRock have more cash or more debt?
At September 30, 2026 it had $12.9 billion in cash and $12.7 billion in debt, so more cash than debt.
When did BlackRock last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on November 4, 2026.
Which companies are similar to BlackRock?
In the S&P 500, BlackRock is grouped in Asset Management & Custody Banks within the Financials sector. Ameriprise Financial (AMP), Apollo Global Management (APO), Ares Management (ARES), Franklin Resources (BEN), BNY Mellon (BNY) are in the same group.
Understand the numbers
Source: BlackRock’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.