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Blackrock Income Statement

Revenue, expenses, and profitability over time

Blackrock generated $25.6B in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $6.3B with a 24.4% net margin. Diluted EPS is $39.78, which declined 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$25.6BOperating Income (TTM)$8.2BNet Income (TTM)$6.3BEps Diluted (TTM)$39.78
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$157.81B
P/E Ratio25.23
ROE11.95%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of Finite-Lived Intangible Assets—$117M$137M——$277M
Change in contingent consideration liability-$9M$96M———-$549M
Direct fund expense$389M$392M$441M$464M$470M$481M
Sponsor fees$565M$570M$576M$638M$676M$705M
Sub-advisory and other expense$42M$47M$46M$60M$80M$71M
Total sales asset and account expense$996M$1B$1.1B$1.2B$1.2B$1.3B
Amortization expense—$117M$137M——$277M
Compensation and benefits$1.9B$1.7B$1.8B$2.4B$2.6B$2.2B
General and administrative$632M$615M$689M$782M$549M$674M
Contingent consideration fair value adjustment-$9M$180M$180M$180M$180M—
Other operating expenses$3.6B$3.6B$3.7B$4.6B$5.3B$3.9B
Total operating expenses$3.6B$3.6B$3.7B$4.6B$5.3B$3.9B

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (Loss) on Investments$0$58M$550M$64M$0$72M
Gains on strategic investments, net$0$58M$550M$64M$0$72M
Investment Income, Interest and Dividend$212M$173M$144M$113M$124M$90M
Gains (losses) on equity investments$0$58M$550M$64M$0$72M
Interest expense$166M$166M$173M$135M$140M$134M
Gains on disposal of investments and other property$0$58M$550M$64M$0$72M
Other income (expense), net$28M$65M$521M$42M$0$28M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$10.78$9.74$10.29$8.54$7.26$14.24
Diluted earnings per share$10.64$9.64$10.19$8.43$7.10$14.06
Weighted-average shares, basic150M155M154.9M154.9M155M155.3M
Weighted-average shares, diluted151.6M156.6M156.3M165.2M160.9M165M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$2.1B$1.8B$2.3B$2B$1.6B$2.8B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$442M$248M$587M$470M$372M$516M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.7B$1.5B$1.6B$1.3B$1.1B$2.2B

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$2.1B$1.7B$1.7B$2B$1.7B$2.8B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of capitalized software and acquired intangible assets—$117M$137M——$277M
Dividend Income And Net Interest Income Expense—$7M———-$44M
Revenue From Contract With Customer Excluding Assessed Tax$5.7B$5.3B$5.4B$6.5B$7B$6.7B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment and other income$212M$173M$144M$113M$124M$90M
Total revenue$5.7B$5.3B$5.4B$6.5B$7B$6.7B