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Blackrock BLK Q4 2025 Annual earnings

Reported January 15, 2026 · Before market open

Revenue$7.0BBeat by $247.6M
EPS$13.16Beat by $0.92
Revenue estimate$6.8B
EPS estimate$12.24

Next report

Oct 14, 2026 (In 1 week)
Revenue estimate$7.4B
EPS estimate$14.25

Financials

Q4 2025

Income statement

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Revenue$7.0B+23.4%
Operating income$1.7B-20.0%
Net income$1.1B-32.5%
EPS (diluted)$7.10-33.3%

Balance sheet

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Cash & equivalents$11.5B-10.1%
Total debt$15.0B+5.4%
Total equity$55.9B+17.7%
Total assets$170.00B+22.6%

Cash flow

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Operating cash flow$2.3B-13.0%
CapEx$130.0M+44.4%
Free cash flow$2.1B-15.1%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$166.06B+4.6%
Enterprise value$169.57B+5.8%
P/E29.9×+5.0×
P/S6.9×-0.9×

Profitability

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Operating margin29.1%-8.0pp
Net margin22.9%-8.3pp
FCF margin14.7%-8.4pp

Returns & leverage

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Return on equity10.7%-3.9pp
Debt / equity0.3×0.0×

Segments

By product

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Investment Advice$5.3B+19.5%
Investment Performance$754.0M+67.2%
Technology Services And Subscription Revenue$531.0M+24.1%
Distribution And Shareholder Service$359.0M+11.5%
Service Other$86.0M+45.8%

By geography

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Americas$4.7B+22.9%
Europe$1.9B+22.6%
Asia Pacific$333.0M+37.0%

FAQ

When did Blackrock report Q4 2025 earnings?
Blackrock (BLK) reported Q4 2025 earnings on January 15, 2026 before market open.
What were Blackrock's Q4 2025 revenue and EPS?
Blackrock reported revenue of $7.0B and eps of $13.16 for Q4 2025.
Did Blackrock beat estimates in Q4 2025?
Revenue beat the consensus estimate of $6.8B by $247.6M. EPS beat the consensus estimate of $12.24 by $0.92.
How did Blackrock's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 23.4% from $5.7B a year earlier and eps grew 23.7% from $10.64.
Where can I find Blackrock's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-013503) and the 10-K periodic report (0001193125-26-071966) directly on SEC EDGAR. The filing index links above go to sec.gov.