Balance Sheet BlackRock, Inc.

Stocks

BLK

US09290D1019

Investment Management & Fund Operators

Market Closed - NYSE Other stock markets 16:00:02 2026-06-16 EDT			5-day change	1st Jan Change
1,052.23 ^USD	+0.90%		+3.98%	-1.69%

06-16	A consortium led by William McMorrow, Chairman and Chief Executive Officer, other senior executives of Kennedy Wilson and Fairfax Financial Holdings Limited completed the acquisition of remaining 77.59% stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) from BlackRock, Inc., The Vanguard Group, Inc., Eldridge Industries LLC, and others.	CI
06-16	BlackRock Launches iShares Bitcoin Premium Income ETF	CI

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Published financial data: BLACKROCK, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	19.37B	17.87B	17.86B	20.41B	23.51B
Interest And Invest. Income (Rev)	-	-	-	-	705M
Other Revenues, Total	-	-	-	-	-
Total Revenues	19.37B	17.87B	17.86B	20.41B	24.22B
Cost of Goods Sold, Total	9.56B	9.09B	9.16B	10.32B	12.91B
Gross Profit	9.82B	8.79B	8.7B	10.09B	11.31B
Selling General & Admin Expenses, Total	2.19B	2.16B	2.21B	2.17B	1.98B
Amortization of Goodwill and Intangible Assets - (IS)	147M	151M	151M	241M	775M
Other Operating Expenses, Total	2.33B	2.31B	2.36B	2.41B	2.75B
Operating Income	7.48B	6.48B	6.34B	7.68B	8.56B
Interest Expense, Total	-205M	-212M	-292M	-538M	-614M
Interest And Investment Income	87M	152M	473M	767M	554M
Net Interest Expenses	-118M	-60M	181M	229M	-60M
EBT, Excl. Unusual Items	7.37B	6.42B	6.52B	7.91B	8.5B
Restructuring Charges	-	-91M	-61M	-	-39M
Merger & Related Restructuring Charges	-	-	-	-90M	-647M
Gain (Loss) On Sale Of Investments	841M	-35M	699M	492M	634M
Asset Writedown	-	-	-	-50M	-
Other Unusual Items	-34M	-3M	-3M	36M	-829M
EBT, Incl. Unusual Items	8.17B	6.29B	7.16B	8.3B	7.62B
Income Tax Expense	1.97B	1.3B	1.48B	1.78B	1.68B
Earnings From Continuing Operations	6.2B	4.99B	5.68B	6.51B	5.94B
Net Income to Company	6.2B	4.99B	5.68B	6.51B	5.94B
Minority Interest	-304M	184M	-174M	-143M	-389M
Net Income - (IS)	5.9B	5.18B	5.5B	6.37B	5.55B
Net Income to Common Incl Extra Items	5.9B	5.18B	5.5B	6.37B	5.55B
Net Income to Common Excl. Extra Items	5.9B	5.18B	5.5B	6.37B	5.55B
Per Share Items
Net EPS - Basic	38.76	34.31	36.85	42.45	35.83
Basic EPS - Continuing Operations	38.76	34.31	36.85	42.45	35.83
Basic Weighted Average Shares Outstanding	152M	151M	149M	150M	155M
Net EPS - Diluted	38.22	33.97	36.51	42.01	35.31
Diluted EPS - Continuing Operations	38.22	33.97	36.51	42.01	35.31
Diluted Weighted Average Shares Outstanding	154M	152M	151M	152M	161M
Normalized Basic EPS	28.24	27.8	26.12	31.98	31.77
Normalized Diluted EPS	27.85	27.52	25.88	31.65	30.61
Dividend Per Share	16.52	19.52	20	20.4	20.84
Payout Ratio	43.16	57.74	55.16	48.69	60.27
American Depositary Receipts Ratio (ADR)	0.17	0.17	0.17	0.17	0.17
Supplemental Items
EBITDA	7.9B	6.9B	6.77B	8.21B	9.69B
EBITA	7.63B	6.63B	6.49B	7.92B	9.34B
EBIT	7.48B	6.48B	6.34B	7.68B	8.56B
EBITDAR	8.13B	7.15B	7B	8.45B	9.99B
Total Revenues (As Reported)	19.37B	17.87B	17.86B	20.41B	24.22B
Effective Tax Rate - (Ratio)	24.08	20.6	20.67	21.49	22.01
Current Domestic Taxes	2.26B	246M	817M	1.1B	1.46B
Current Foreign Taxes	576M	448M	538M	787M	844M
Total Current Taxes	2.83B	694M	1.36B	1.89B	2.31B
Deferred Domestic Taxes	-1.08B	626M	112M	-105M	-560M
Deferred Foreign Taxes	220M	-24M	12M	-1M	-71M
Total Deferred Taxes	-865M	602M	124M	-106M	-631M
Normalized Net Income	4.3B	4.2B	3.9B	4.8B	4.92B
Supplemental Operating Expense Items
Marketing Expenses	238M	331M	344M	314M	373M
Selling and Marketing Expenses	238M	331M	344M	314M	373M
General and Administrative Expenses	1.72B	1.57B	1.63B	1.61B	1.3B
Research And Development Expense From Footnotes	508M	600M	607M	674M	809M
Net Rental Expense, Total	228M	255M	238M	243M	302M
Imputed Operating Lease Interest Expense	42.98M	48.54M	60.8M	87.43M	102M
Imputed Operating Lease Depreciation	185M	206M	177M	156M	200M
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	734M	708M	630M	753M	1.31B
Total Stock-Based Compensation	734M	708M	630M	753M	1.31B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	9.07B	7.42B	8.74B	12.76B	11.47B
Short Term Investments	-	-	-	9M	-
Trading Asset Securities, Total	-	-	-	1.82B	2.79B
Total Cash And Short Term Investments	9.07B	7.42B	8.74B	14.59B	14.26B
Accounts Receivable, Total	3.95B	3.66B	4.12B	4.55B	5.54B
Other Receivables	218M	354M	252M	215M	247M
Total Receivables	4.17B	4.01B	4.37B	4.76B	5.78B
Restricted Cash	17M	17M	17M	17M	22M
Other Current Assets, Total	7.37B	5.77B	4.58B	6.07B	7.93B
Total Current Assets	20.63B	17.21B	17.7B	25.44B	27.99B
Gross Property Plant And Equipment	3.64B	3.94B	3.97B	4.18B	4.82B
Accumulated Depreciation	-1.26B	-1.39B	-1.44B	-1.55B	-1.69B
Net Property Plant And Equipment	2.38B	2.55B	2.53B	2.62B	3.13B
Long-term Investments	4.29B	8.94B	11.15B	9.64B	13.15B
Goodwill	15.35B	15.34B	15.52B	25.95B	35.28B
Other Intangibles, Total	18.45B	18.3B	18.26B	20.74B	27.97B
Deferred Tax Assets Long-Term	245M	237M	208M	181M	189M
Other Long-Term Assets, Total	91.3B	55.04B	57.83B	54.04B	62.29B
Total Assets	153B	118B	123B	139B	170B
Liabilities
Accounts Payable, Total	1.21B	1.2B	886M	1.4B	1.55B
Accrued Expenses, Total	2.95B	2.27B	2.39B	2.96B	3.83B
Current Portion of Long-Term Debt	764M	-	1.1B	725M	-
Current Portion of Leases	144M	142M	180M	198M	237M
Current Income Taxes Payable	190M	92M	354M	134M	188M
Other Current Liabilities	7.08B	5.78B	4.56B	6.09B	7.92B
Total Current Liabilities	12.34B	9.49B	9.47B	11.52B	13.73B
Long-Term Debt	6.7B	6.65B	6.92B	11.59B	12.77B
Long-Term Leases	1.73B	1.69B	1.6B	1.71B	1.99B
Unearned Revenue Non Current	1.63B	1.54B	1.92B	1.98B	3.78B
Deferred Tax Liability Non Current	2.76B	3.38B	3.51B	3.33B	4.62B
Other Non Current Liabilities	88.61B	56.08B	58.55B	59.13B	71.57B
Total Liabilities	114B	78.84B	81.97B	89.26B	108B
Common Stock, Total	2M	2M	2M	2M	2M
Additional Paid In Capital	19.64B	19.77B	19.83B	13.45B	19.75B
Retained Earnings	27.69B	29.88B	32.34B	35.61B	37.9B
Treasury Stock	-9.09B	-10.8B	-11.99B	-386M	-1.22B
Comprehensive Income and Other	-550M	-1.1B	-840M	-1.18B	-545M
Total Common Equity	37.69B	37.74B	39.35B	47.5B	55.89B
Minority Interest	1.2B	1.04B	1.89B	1.86B	5.65B
Total Equity	38.89B	38.78B	41.24B	49.36B	61.54B
Total Liabilities And Equity	153B	118B	123B	139B	170B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	152M	150M	149M	155M	156M
ECS Total Common Shares Outstanding	152M	150M	149M	155M	155M
Book Value / Share	248.5	252.04	264.96	306.52	360.41
Tangible Book Value	3.89B	4.1B	5.56B	803M	-7.36B
Tangible Book Value Per Share	25.64	27.38	37.47	5.18	-47.48
Total Debt	9.33B	8.49B	9.8B	14.22B	15B
Net Debt	260M	1.07B	1.06B	-372M	739M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-35M	-29M	-28M	-27M	-28M
Debt Equivalent Oper. Leases	1.82B	2.04B	1.9B	1.94B	2.42B
Minority Interest, Total (Incl. Fin. Div)	1.2B	1.04B	1.89B	1.86B	5.65B
Equity Method Investments, Total	992M	1.48B	1.41B	4.15B	4.14B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	6M	6M	6M	6M	6M
Buildings, Total	64M	64M	64M	65M	67M
Machinery, Total	1.18B	1.32B	1.38B	1.44B	1.55B
Full Time Employees	18.4K	19.8K	19.8K	21.1K	24.9K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	5.9B	5.18B	5.5B	6.37B	5.55B
Depreciation & Amortization - CF	268M	267M	276M	288M	351M
Amortization of Goodwill and Intangible Assets - (CF)	147M	151M	151M	241M	775M
Depreciation & Amortization, Total	415M	418M	427M	529M	1.13B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-302M	400M	-380M	-269M	-480M
(Gain) Loss on Sale of Investments - (CF)	-165M	-268M	-	-126M	-289M
Asset Writedown & Restructuring Costs	-	-	-	50M	-
(Income) Loss On Equity Investments - (CF)	-231M	21M	-329M	16M	378M
Stock-Based Compensation (CF)	734M	708M	630M	753M	1.31B
Other Operating Activities, Total	-2.07B	-604M	-1.34B	-2.54B	-3.48B
Change in Trading Asset Securities	323M	196M	72M	58M	193M
Change In Accounts Receivable	-322M	416M	-586M	-443M	-619M
Change In Accounts Payable	342M	-151M	-26M	259M	75M
Change in Other Net Operating Assets	315M	-1.36B	194M	302M	162M
Cash from Operations	4.94B	4.96B	4.16B	4.96B	3.93B
Capital Expenditure	-341M	-533M	-344M	-255M	-375M
Cash Acquisitions	-1.11B	-	-189M	-2.94B	-3.5B
Investment in Marketable and Equity Securities, Total	-490M	-597M	-426M	187M	-547M
Cash from Investing	-1.94B	-1.13B	-959M	-3B	-4.42B
Long-Term Debt Issued, Total	1.02B	-	1.24B	5.47B	1.08B
Total Debt Issued	1.02B	-	1.24B	5.47B	1.08B
Long-Term Debt Repaid, Total	-750M	-776M	-59M	-1.06B	-908M
Total Debt Repaid	-750M	-776M	-59M	-1.06B	-908M
Issuance of Common Stock	-	11M	95M	464M	167M
Repurchase of Common Stock	-1.48B	-2.33B	-1.88B	-1.93B	-1.95B
Common Dividends Paid	-2.55B	-	-3.04B	-3.1B	-3.35B
Common & Preferred Stock Dividends Paid	-	-2.99B	-	-	-
Common & Preferred Stock Dividends Paid	-2.55B	-2.99B	-3.04B	-3.1B	-3.35B
Other Financing Activities, Total	1.47B	645M	1.65B	2.39B	3.83B
Cash from Financing	-2.29B	-5.44B	-1.99B	2.24B	-1.13B
Foreign Exchange Rate Adjustments	-61M	-291M	106M	-162M	329M
Net Change in Cash	659M	-1.91B	1.32B	4.03B	-1.29B
Supplemental Items
Cash Interest Paid	189M	177M	200M	289M	482M
Cash Income Tax Paid (Refund)	2.72B	1.07B	1.39B	1.7B	2.3B
Levered Free Cash Flow	5.7B	3.94B	4.17B	6B	7.03B
Unlevered Free Cash Flow	5.83B	4.07B	4.35B	6.34B	7.42B
Change In Net Working Capital	-344M	570M	321M	-515M	-10M
Net Debt Issued / Repaid	273M	-776M	1.18B	4.42B	172M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.84	3	3.29	3.67	3.47
Return on Total Capital	9.96	8.48	8.06	8.38	7.64
Return On Equity %	16.21	12.86	14.19	14.38	10.72
Return on Common Equity	16.17	13.73	14.27	14.67	10.74
Margin Analysis
Gross Profit Margin %	50.68	49.16	48.7	49.42	46.7
SG&A Margin	11.29	12.07	12.36	10.62	8.16
EBITDA Margin %	40.77	38.59	37.89	40.22	40
EBITA Margin %	39.39	37.1	36.34	38.81	38.55
EBIT Margin %	38.63	36.25	35.49	37.62	35.35
Income From Continuing Operations Margin %	32.03	27.94	31.78	31.91	24.54
Net Income Margin %	30.46	28.97	30.81	31.21	22.93
Net Avail. For Common Margin %	30.46	28.97	30.81	31.21	22.93
Normalized Net Income Margin	22.19	23.48	21.84	23.52	20.33
Levered Free Cash Flow Margin	29.43	22.04	23.36	29.42	29.05
Unlevered Free Cash Flow Margin	30.09	22.78	24.38	31.07	30.63
Asset Turnover
Asset Turnover	0.12	0.13	0.15	0.16	0.16
Fixed Assets Turnover	10.44	7.25	7.03	7.92	8.42
Receivables Turnover (Average Receivables)	5.1	4.7	4.59	4.71	4.66
Short Term Liquidity
Current Ratio	1.67	1.81	1.87	2.21	2.04
Quick Ratio	1.07	1.2	1.38	1.68	1.46
Operating Cash Flow to Current Liabilities	0.4	0.52	0.44	0.43	0.29
Days Sales Outstanding (Average Receivables)	71.54	77.72	79.49	77.73	78.27
Average Days Payable Outstanding	40.18	48.39	41.6	45.34	41.77
Long Term Solvency
Total Debt/Equity	23.99	21.89	23.76	28.82	24.37
Total Debt / Total Capital	19.35	17.96	19.2	22.37	19.59
LT Debt/Equity	21.66	21.52	20.66	26.95	23.98
Long-Term Debt / Total Capital	17.47	17.66	16.7	20.92	19.28
Total Liabilities / Total Assets	74.52	67.03	66.53	64.39	63.8
EBIT / Interest Expense	36.51	30.56	21.71	14.27	13.94
EBITDA / Interest Expense	39.64	33.74	23.99	15.71	16.27
(EBITDA - Capex) / Interest Expense	37.98	31.22	22.81	15.23	15.66
Total Debt / EBITDA	1.15	1.19	1.4	1.68	1.5
Net Debt / EBITDA	0.03	0.15	0.15	-0.04	0.07
Total Debt / (EBITDA - Capex)	1.2	1.28	1.47	1.74	1.56
Net Debt / (EBITDA - Capex)	0.03	0.16	0.16	-0.05	0.08
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	19.56	-7.75	-0.08	14.27	18.67
Gross Profit, 1 Yr. Growth %	18.78	-10.5	-1.01	17.52	12.14
EBITDA, 1 Yr. Growth %	30	-12.69	-1.9	21.17	18.02
EBITA, 1 Yr. Growth %	31.03	-13.12	-2.11	21.89	17.88
EBIT, 1 Yr. Growth %	30.88	-13.43	-2.16	20.99	11.49
Earnings From Cont. Operations, 1 Yr. Growth %	17.39	-19.52	13.66	14.73	-8.75
Net Income, 1 Yr. Growth %	19.65	-12.25	6.26	15.76	-12.81
Normalized Net Income, 1 Yr. Growth %	37.36	-2.42	-7.03	22.88	2.6
Diluted EPS Before Extra, 1 Yr. Growth %	20	-11.12	7.48	15.06	-15.95
Accounts Receivable, 1 Yr. Growth %	8.42	-7.37	12.54	10.44	21.68
Net Property, Plant and Equip., 1 Yr. Growth %	79.17	6.88	-0.55	3.51	19.37
Total Assets, 1 Yr. Growth %	-13.75	-22.94	4.75	12.5	22.64
Tangible Book Value, 1 Yr. Growth %	57.51	5.45	35.7	-85.57	-1.02K
Common Equity, 1 Yr. Growth %	6.83	0.14	4.25	20.71	17.67
Cash From Operations, 1 Yr. Growth %	32.09	0.24	-15.96	18.99	-20.76
Capital Expenditures, 1 Yr. Growth %	75.77	56.3	-35.46	-25.87	47.06
Levered Free Cash Flow, 1 Yr. Growth %	33.72	-33.81	5.88	43.79	17.15
Unlevered Free Cash Flow, 1 Yr. Growth %	32.74	-33.03	6.91	45.49	16.99
Dividend Per Share, 1 Yr. Growth %	13.77	18.16	2.46	2	2.16
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	15.44	5.02	-3.99	6.85	16.45
Gross Profit, 2 Yr. CAGR %	15.14	3.1	-5.88	7.77	14.8
EBITDA, 2 Yr. CAGR %	15.71	6.54	-7.45	9.08	19.65
EBITA, 2 Yr. CAGR %	15.7	6.7	-7.78	9.29	19.93
EBIT, 2 Yr. CAGR %	15.56	6.45	-7.97	8.86	16.21
Earnings From Cont. Operations, 2 Yr. CAGR %	17.09	-2.8	-4.36	14.19	2.32
Net Income, 2 Yr. CAGR %	14.82	2.46	-3.44	10.91	0.46
Normalized Net Income, 2 Yr. CAGR %	12.68	15.77	-4.75	6.94	12.34
Diluted EPS Before Extra, 2 Yr. CAGR %	15.95	3.27	-2.26	11.21	-1.66
Accounts Receivable, 2 Yr. CAGR %	9.45	0.22	2.1	11.49	15.92
Net Property, Plant and Equip., 2 Yr. CAGR %	31.22	38.38	3.1	1.46	11.16
Total Assets, 2 Yr. CAGR %	-4.85	-18.48	-10.16	8.56	17.46
Tangible Book Value, 2 Yr. CAGR %	151.26	28.88	19.62	-55.75	15.03
Common Equity, 2 Yr. CAGR %	6	3.43	2.17	12.18	19.18
Cash From Operations, 2 Yr. CAGR %	30.93	15.07	-8.22	0	-2.9
Capital Expenditures, 2 Yr. CAGR %	15.87	65.75	0.44	-30.83	4.41
Levered Free Cash Flow, 2 Yr. CAGR %	27.24	-3.87	-16.29	23.45	29.86
Unlevered Free Cash Flow, 2 Yr. CAGR %	26.4	-3.7	-15.38	24.78	30.53
Dividend Per Share, 2 Yr. CAGR %	11.87	15.95	10.03	2.23	2.08
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.92	7.12	3.29	1.75	10.65
Gross Profit, 3 Yr. CAGR %	10.87	5.86	1.71	0.9	9.21
EBITDA, 3 Yr. CAGR %	10.83	5.34	3.65	1.28	11.99
EBITA, 3 Yr. CAGR %	10.66	5.16	3.68	1.24	12.08
EBIT, 3 Yr. CAGR %	10.27	4.96	3.5	0.86	9.73
Earnings From Cont. Operations, 3 Yr. CAGR %	12.99	3.33	2.4	1.62	5.96
Net Income, 3 Yr. CAGR %	11.08	4.98	3.71	2.58	2.36
Normalized Net Income, 3 Yr. CAGR %	7.7	7.41	7.61	3.73	5.48
Diluted EPS Before Extra, 3 Yr. CAGR %	12.87	6.11	4.66	3.2	1.3
Accounts Receivable, 3 Yr. CAGR %	11.69	3.53	4.17	4.81	14.78
Net Property, Plant and Equip., 3 Yr. CAGR %	54.75	22.55	23.95	3.24	7.11
Total Assets, 3 Yr. CAGR %	-1.47	-11.31	-11.37	-3.16	13.06
Tangible Book Value, 3 Yr. CAGR %	56.79	88.12	31.11	-40.89	21.54
Common Equity, 3 Yr. CAGR %	5.2	4.01	3.7	8.01	13.98
Cash From Operations, 3 Yr. CAGR %	17.15	19.78	3.63	0.08	-7.46
Capital Expenditures, 3 Yr. CAGR %	18.68	28.03	21.04	-9.23	-11.06
Levered Free Cash Flow, 3 Yr. CAGR %	14.59	3.81	-0.73	0.29	21.31
Unlevered Free Cash Flow, 3 Yr. CAGR %	14.3	3.73	-0.29	1.41	22.13
Dividend Per Share, 3 Yr. CAGR %	11.18	13.93	11.26	7.29	2.21
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.58	5.62	4.7	7.02	8.37
Gross Profit, 5 Yr. CAGR %	10.28	5.29	3.84	6.37	6.47
EBITDA, 5 Yr. CAGR %	10.01	4.62	3.12	6.82	9.78
EBITA, 5 Yr. CAGR %	10	4.38	2.88	6.79	9.9
EBIT, 5 Yr. CAGR %	10.04	4.25	2.58	6.5	8.4
Earnings From Cont. Operations, 5 Yr. CAGR %	14.41	0.02	5.7	7.55	2.37
Net Income, 5 Yr. CAGR %	13.25	0.9	5.03	7.31	2.4
Normalized Net Income, 5 Yr. CAGR %	8.97	5.87	2.54	7.22	9.48
Diluted EPS Before Extra, 5 Yr. CAGR %	14.98	2.43	6.55	8.12	2.08
Accounts Receivable, 5 Yr. CAGR %	12.27	5.58	7.75	6.64	8.72
Net Property, Plant and Equip., 5 Yr. CAGR %	33.64	33.89	31.55	13.63	18.67
Total Assets, 5 Yr. CAGR %	-7.06	-11.79	-5.04	-3.84	-0.8
Tangible Book Value, 5 Yr. CAGR %	22.97	28.1	40.71	5.45	24.42
Common Equity, 5 Yr. CAGR %	5.31	3.49	3.98	7.2	9.64
Cash From Operations, 5 Yr. CAGR %	16.81	4.64	6.26	11.44	0.96
Capital Expenditures, 5 Yr. CAGR %	23.44	28.02	11.02	0.08	14.09
Levered Free Cash Flow, 5 Yr. CAGR %	11.96	0.96	1.94	11.26	10.53
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.59	0.95	2.21	11.69	11.05
Dividend Per Share, 5 Yr. CAGR %	12.52	14.31	10.72	9.1	7.49