Income StatementBalance SheetCash FlowSegments
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Blackrock Cash Flow Statement

Operating, investing, and financing cash movements

Blackrock generated $4.1B in operating cash flow over the trailing twelve months. After $403.0M in capital expenditures, free cash flow was $3.7B. Free cash flow increased 4.8% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$4.1BNet Cash From Investing (TTM)-$1.4BNet Cash From Financing (TTM)-$5.4BCapital Expenditures (TTM)$403.0MDepreciation And Amortization Cf (TTM)$1.3BNet Change In Cash (TTM)$6.7B
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$166.57B
P/E Ratio26.63
ROE11.93%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$2.9B$3.1B—$390.0M—$15.0M
Net consolidations and deconsolidations of sponsored investment funds$29.0M$1.0M$67.0M$17.0M$12.0M$5.0M
Capital expenditures$90.0M$78.0M$89.0M$78.0M$130.0M$106.0M
Proceeds from disposition of marketable securities and other investments$120.0M$151.0M$79.0M$237.0M$77.0M$69.0M
Net cash from investing activities-$3.1B-$3.3B$0.0-$923.0M-$212.0M-$280.0M
Dividend Received from Consumer Healthcare JV$22.0M$13.0M$249.0M$35.0M$93.0M$90.0M
Purchases of investments$232.0M$298.0M$136.0M$710.0M$240.0M$313.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Share of Profits (Losses) of Related Party—$51.0M$42.0M—$3.0M$46.0M
Gains (losses) on consolidated sponsored investment products—$13.0M$170.0M$236.0M$61.0M$23.0M
Net purchases and proceeds within consolidated sponsored investment products-$396.0M-$1.1B-$886.0M-$1.4B-$870.0M-$1.7B
Change in accounts payable$34.0M$84.0M$98.0M-$203.0M$96.0M$340.0M
Change in accounts receivable$33.0M-$123.0M$9.0M$379.0M$354.0M$111.0M
Change in other liabilities-$870.0M$3.0B—$536.0M—$3.5B
Deferred income taxes-$11.0M$15.0M-$93.0M-$160.0M-$393.0M$60.0M
Depreciation and amortization$200.0M$194.0M$217.0M$346.0M$369.0M$380.0M
Other non-cash income$0.0$36.0M$397.0M——$22.0M
Income (Loss) from Equity Method Investments—$51.0M$42.0M—$3.0M$46.0M
Income (Loss) from Equity Method Investments—$51.0M$42.0M—$3.0M$46.0M
Income (Loss) from Equity Method Investments—$51.0M$42.0M—$3.0M$46.0M
Net cash from operating activities$2.6B-$1.1B$1.4B$1.4B$2.3B-$980.0M
Net income$1.7B$1.5B$1.7B$1.5B$1.2B$2.3B
Contingent Consideration Fair Value Adjustment$28.0M-$96.0M-$76.0M-$93.0M-$455.0M$549.0M
Distributions of earnings from equity method investees$16.0M$14.0M$133.0M$8.0M$274.0M$9.0M
Equity in earnings (losses) of equity method investees—$51.0M$42.0M—$3.0M$46.0M
Accrued compensation and employee benefits$664.0M-$1.8B——$1.1B-$2.3B
Increase (Decrease) in Other Operating Assets-$878.0M$3.5B—$186.0M—$3.5B
Operating lease right-of-use asset amortization$33.0M$34.0M$35.0M$35.0M$44.0M$43.0M
Income (Loss) from Equity Method Investments—$51.0M$42.0M—$3.0M$46.0M
Stock-based compensation$242.0M$241.0M$226.0M$419.0M$421.0M$319.0M
Change in trading and equity securities-$92.0M-$12.0M-$66.0M-$61.0M-$54.0M-$198.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net borrowings by consolidated sponsored investment products-$33.0M-$24.0M-$5.0M-$15.0M-$68.0M$193.0M
Change in non-controlling interests-$991.0M-$522.0M-$670.0M-$447.0M-$1.4B-$248.0M
Dividends Or Subco Distributions Paid$791.0M$838.0M——$850.0M$973.0M
Other, net—-$4.0M-$1.0M$7.0M$3.0M-$6.0M
Proceeds From Payments To Minority Shareholders$414.0M$811.0M$905.0M$1.3B$827.0M$1.2B
Shares Or Subco Unit Repurchased$386.0M$657.0M——$514.0M$810.0M
Payment of Deferred Purchase Consideration—-$4.0M-$1.0M$7.0M$3.0M-$6.0M
Noncontrolling interest transactions and other—-$4.0M-$1.0M$7.0M$3.0M-$6.0M
Net cash from financing activities—-$661.0M——-$588.0M-$304.0M
Noncontrolling Interests Activity and Other—-$4.0M-$1.0M$7.0M$3.0M-$6.0M
Proceeds from issuance of common stock$217.0M$51.0M$47.0M$55.0M$14.0M$74.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$2.5B-$1.2B$1.3B$1.3B$2.1B-$1.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$244.0M$110.0M$288.0M—$12.0M-$63.0M
Net increase (decrease) in cash—-$5.0B———-$1.6B
Issuance of common stock for the acquisition of Ansys—$0.0$42.0M$77.0M$32.0M$818.0M
Treasury Stock Retired Cost Method Amount$3.2B$0.0$0.0$0.0$0.0—

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$424.8M$574.5M$574.5M$574.5M$574.5M—
Interest paid$72.3M$120.5M$120.5M$120.5M$120.5M—
Income Taxes Paid, Net$424.8M$574.5M$574.5M$574.5M$574.5M—