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Blackrock BLK Minimum Annual Contractual Obligations

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Other financials

Income statement

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Revenue$7.1B+30.6%
Operating income$2.5B+42.2%
Net income$1.9B+20.2%
EPS (diluted)$12.19+19.6%

Balance sheet

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Cash & equivalents$10.5B+10.7%
Total debt$15.0B+1.8%
Total equity$57.6B+17.2%
Total assets$175.88B+20.1%

Cash flow

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Operating cash flow$1.2B-10.0%
CapEx$109.0M+22.5%
Free cash flow$1.1B-12.3%

Valuation

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Market cap$175.7B+1.3%
Enterprise value$180.15B+0.8%
P/E26.7×-0.4×
P/S6.4×-1.6×

Profitability

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Operating margin32.6%-2.2pp
Net margin24.1%-5.6pp
FCF margin12.9%-5.1pp

Returns & leverage

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Return on equity12.3%-2.0pp
Debt / equity0.3×0.0×

Where this comes from

Reported directly by Blackrock in its filing.

Tagged under the XBRL concept blk:EstimatedAnnualFixedMinimumFeesForCurrentlyOutstandingContracts.

The source filing: Blackrock’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 10:57 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-337177

In addition to amounts disclosed in the tables above, certain technology services and subscription contracts require fixed minimum fees, which are billed on a monthly or quarterly basis in arrears. The Company recognizes such revenue as services are performed. As of June 30, 2026, the estimated fixed minimum fees for the remainder of the year approximated $685 million. The term for these contracts, which are either in their initial or renewal period, ranges from one to five years.

Item 1. Financial Statements

FAQ

What is Blackrock's minimum annual contractual obligations?
Blackrock (BLK) reported minimum annual contractual obligations of $685M in Q2 2026.
How has Blackrock's minimum annual contractual obligations changed year-over-year?
Blackrock's minimum annual contractual obligations increased by 12.3% year-over-year, from $610M to $685M.
What does minimum annual contractual obligations mean?
The minimum annual payments required under non-cancelable contractual agreements, such as service contracts or purchase commitments. This metric highlights the firm's fixed cost commitments that must be met regardless of business performance. It is a critical measure of financial flexibility and the burden of fixed operating expenses.

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