Investing
CapEx
Blackrock CapEx increased by 66.7% to $130.00M in Q4 2025 compared to the prior quarter. Over 2 years (FY 2022 to FY 2025), CapEx shows a downward trend with a -16.1% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
14 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $133.25M | $133.25M | $133.25M | $133.25M | $86.00M | $86.00M | $86.00M | $86.00M | $64.00M | $7.00M | $78.00M | $89.00M | $78.00M | $130.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -35.5% | +0.0% | +0.0% | +0.0% | -25.6% | -89.1% | >999% | +14.1% | -12.4% | +66.7% |
| YoY Change | — | — | — | — | -35.5% | -35.5% | -35.5% | -35.5% | -25.6% | -91.9% | +21.9% | >999% | — | — |
Range$7.00M – $133.25M
CAGR-0.8%
Avg YoY Growth+116.8%
Median YoY Growth-35.5%
CapEx at Other Companies
Frequently Asked Questions
- What is Blackrock's capex?
- Blackrock (BLK) reported capex of $130.00M in Q4 2025.
- What is the long-term trend for Blackrock's capex?
- Over 2 years (2022 to 2025), Blackrock's capex has grown at a -16.1% compound annual growth rate (CAGR), from $533.00M to $375.00M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.