BlackRock, Inc. logo BLK - BlackRock, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 25
HOLD 8
SELL 0
STRONG
SELL 0
| PRICE TARGET: $1,306.25 DETAILS
HIGH: $1,430.00
LOW: $1,140.00
MEDIAN: $1,350.50
CONSENSUS: $1,306.25
UPSIDE: 28.10%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue
Revenue 24,216 20,407 17,859 17,873 19,374 16,205 14,539 14,198 13,600 12,261 11,401 11,081 10,180 9,337 9,081 8,612 4,700 5,063.9 5,365.2 2,098.0 1,191.4 725.3 598.2 577.0 533.1 476.9 381.0 339.5
Cost of Revenue 12,906 10,321 9,277 9,189 9,556 7,939 7,133 6,993 6,811 6,243 5,229 4,997 4,622 4,297 3,355 3,505 1,949 597 547.6 173 64.6 320.7 0 0 0 0 0 0
Gross Profit 11,310 10,086 8,582 8,684 9,818 8,266 7,406 7,205 6,789 6,018 6,172 6,084 5,558 5,040 4,852 5,107 4,223 4,466.9 4,297.0 2,098.0 1,191.4 725.3 598.2 577.0 533.1 476.9 381.0 341.5
Operating Expenses
R&D Expenses 0 674 607 0 0 0 0 0 0 175 170 164 160 150 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 2,626 2,257 2,098 2,054 2,187 2,442 1,705 1,573 1,438 1,280 1,380 1,453 1,416 1,359 1,978 1,847 2,676 1,342.2 2,765.5 443.3 204.8 128.7 107.3 90.1 76.6 58.3 48.6 148.4
Other Expenses 775 (419) (398) 245 181 129 150 175 97 (2) (42) (7) 125 7 (375) 262 1,150 1,537.8 1,594.7 1,182.9 646.0 424.7 262.6 271.8 286.4 275.5 221.5 111.7
Operating Expenses 3,401 2,512 2,307 2,299 2,368 2,571 1,855 1,748 1,535 1,453 1,508 1,610 1,701 1,516 1,603 2,109 3,826 2,880 4,360.2 1,626.2 850.8 553.4 369.9 361.8 363.0 333.8 270.0 260.1
Operating Income
Operating Income 7,909 7,574 6,275 6,385 7,450 5,695 5,551 5,457 5,254 4,570 4,664 4,474 3,857 3,524 3,249 2,998 1,541 1,016 1,962.5 648.1 340.5 171.9 228.3 215.1 170.2 143.0 110.9 79.4
Interest Expense 706 538 292 212 205 205 203 184 205 205 204 232 211 215 176 150 68 69 52 10 7.9 0 0 0 0 0 0 0
Interest Income 685 767 473 152 87 62 97 104 49 40 26 29 22 36 34 29 20 64.7 74 29 18.9 35.5 0 0 0 0 0 0
Profitability
EBITDA 9,359 8,207 6,773 6,897 7,899 6,076 5,900 5,802 5,502 4,902 4,959 4,752 4,272 3,819 3,471 3,551 1,773 1,246 2,160.0 721.0 371.4 192.6 249.6 235.4 196.2 163.0 129.1 96.5
EBIT 8,233 7,678 6,346 6,479 7,484 5,718 5,604 5,582 5,262 4,639 4,664 4,474 3,981 3,524 3,311 3,246 1,541 1,016 1,962.5 648.1 340.5 171.9 228.3 215.1 170.2 143.0 110.9 83.7
Income Before Tax 7,619 8,295 7,155 6,290 8,173 6,524 5,787 5,378 5,259 4,460 4,602 4,395 3,973 3,470 3,135 3,021 1,272 1,019.1 1,822.7 528.2 375.8 200.4 250.9 223.9 181.0 149.9 103.5 68
Income Tax Expense 1,677 1,783 1,479 1,296 1,968 1,238 1,261 1,076 270 1,290 1,250 1,131 1,022 1,030 796 971 375 387.3 463.8 189.5 138.6 52.3 95.2 90.7 73.6 62.6 44.0 32.4
Net Income 5,553 6,369 5,502 5,178 5,901 4,932 4,476 4,305 4,952 3,172 3,345 3,294 2,932 2,458 2,337 2,063 875 786.4 995.3 322.6 233.9 143.1 155.4 133.2 107.4 87.4 59.4 35.6
Per Share Data
EPS (Basic) 35.84 42.45 36.85 34.31 38.76 32.13 28.69 26.75 30.42 19.19 20.02 19.50 17.16 13.97 12.51 10.63 6.22 6.05 7.75 3.98 3.63 2.24 2.39 2.05 1.66 1.36 1.04 0.67
EPS (Diluted) 35.42 42.01 36.51 33.97 38.22 31.85 28.43 26.48 30.00 18.94 19.71 19.17 16.80 13.73 12.32 10.51 6.09 5.89 7.53 3.85 3.49 2.16 2.35 2.03 1.64 1.34 1.04 0.66
Shares Outstanding 155.1 150.0 149.3 150.9 152.2 153.5 156.0 160.9 162.8 165.1 167.1 168.9 170.9 175.7 185.0 191.3 137.2 130.1 129.0 81.0 64.4 63.9 64.9 65.0 64.5 64.1 57.3 53.7
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Current Assets
Cash & Cash Equivalents 11,468 12,762 8,736 7,416 9,323 8,664 4,829 6,488 7,038 6,175 6,231 6,001 4,551 4,903 3,560 3,460 4,708 2,032 1,656.2 1,160.3 484.2 457.7 315.9 255.2 186.5 192.6 157.1 113.5
Short-Term Investments 2,789 1,823 1,871 1,331 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,097.6 298.7 227.5 234.9 208.7 139.1 13.3 2.3 2.5
Net Receivables 5,158 4,449 4,121 3,618 3,789 3,535 3,179 2,657 4,192 3,123 3,267 5,440 4,572 4,514 3,741 2,245 1,907 1,210 1,411 1,077.5 339.6 154.9 127.3 114.1 96.7 83.3 65.8 0.4
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 8,009 6,152 4,650 5,856 7,081 16,507 15,466 20,655 24,190 27,792 31,336 33,654 21,788 23,021 20,918 0 0 0 0 177.2 0 0 0 0 0 0 0 0
Total Current Assets 27,424 25,186 19,378 18,221 20,193 28,706 23,474 29,800 35,420 37,090 40,834 45,095 30,911 32,438 28,219 5,705 6,615 3,242 3,067 2,415.1 1,122.5 840.1 678.2 578.0 422.2 289.2 225.2 116.4
Non-Current Assets
Property, Plant & Equipment 3,130 2,622 2,533 2,547 2,383 1,330 715 643 592 559 581 467 525 557 537 428 443 260 266 214.8 129.5 93.7 87.0 93.9 70.5 45.6 22.7 12.3
Goodwill 35,283 25,949 15,524 15,341 15,351 14,551 14,562 13,526 13,220 13,118 13,123 12,961 12,980 12,910 12,792 12,805 12,570 5,533 5,519.7 5,257.0 0 0 0 0 0 0 194.3 0
Intangible Assets 27,968 20,743 18,258 18,302 18,453 18,263 18,369 17,839 17,389 17,363 17,372 17,344 17,501 17,402 17,356 17,512 17,648 6,441 6,553.1 5,882.4 484.0 184.1 192.1 182.8 181.7 192.1 0 203.9
Long-Term Investments 10,395 7,708 7,572 5,690 7,262 6,919 5,489 4,476 1,981 1,595 1,578 1,921 2,151 1,750 1,631 2,852 1,049 1,429 2,000 2,097.6 (298.7) (227.5) (234.9) (208.7) (139.1) (13.3) (2.3) (2.5)
Other Non-Current Assets 65,798 56,407 59,946 57,527 89,006 107,213 106,013 93,289 151,639 150,452 151,773 162,004 155,805 135,394 119,361 139,157 139,799 3,019 5,155.2 4,602.6 410.8 254.8 244.9 218.1 149.2 23.4 7.7 110.7
Total Non-Current Assets 142,574 113,429 103,833 99,407 132,455 148,276 145,148 129,773 184,821 183,087 184,427 194,697 188,962 168,013 151,677 172,754 171,509 16,682 19,494 18,054.4 725.5 305.1 289.0 286.1 262.2 247.8 222.4 324.4
Total Assets 169,998 138,615 123,211 117,628 152,648 176,982 168,622 159,573 220,217 220,177 225,261 239,808 219,873 200,451 179,896 178,459 177,994 19,924 22,561.5 20,469.5 1,848 1,145.2 967.2 864.2 684.5 537.0 447.6 440.8
Current Liabilities
Account Payables 0 0 1,155 1,202 1,207 897 1,167 1,292 1,161 880 1,068 1,035 1,084 1,055 923 1,068 840 545 789 753.8 0 0 0 0 0 0 0.7 0
Short-Term Debt 0 0 0 0 14 0 0 0 0 0 0 750 0 100 100 100 2,234 200 300 0 0 0 0 0 0 0 28.2 197
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,740 1,536 85 92 176 131 0 0 0 0 0 (750) 0 0 (1,383) 0 0 826 1,087 0 0 0 0 0 0 0 0 0
Total Current Liabilities 1,740 1,536 1,240 1,294 1,397 1,028 1,167 1,292 1,161 880 1,068 1,035 1,084 1,155 1,045 2,745 5,061 1,674 2,290 2,048.9 522.6 311.4 172.4 173.0 146.0 130.1 119.3 307.3
Non-Current Liabilities
Long-Term Debt 12,768 12,314 7,918 6,654 7,446 7,264 4,955 4,979 5,014 4,915 4,930 8,311 7,308 8,089 6,264 4,537 3,434 942 947 253.2 265.7 4.8 0 0 0 0 28.2 178.2
Deferred Tax Liabilities 4,618 3,334 3,506 3,381 2,758 3,673 3,734 3,571 3,538 4,840 4,851 4,989 5,085 5,293 5,323 5,477 5,526 1,825 2,060.0 1,738.7 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 87,102 70,168 67,523 65,679 100,282 126,606 123,837 116,191 178,275 180,198 185,368 197,937 179,726 160,297 141,902 139,366 139,456 2,922 5,090 4,537.7 127.8 43.6 80.2 56.5 52.3 38.7 19.6 (150.9)
Total Non-Current Liabilities 106,716 87,724 80,731 77,549 112,358 138,298 132,526 124,741 186,816 189,953 195,149 211,237 192,119 173,679 153,489 149,380 148,461 5,690 8,097 6,529.6 393.5 48.4 80.2 56.5 52.3 38.7 47.8 27.3
Total Liabilities 108,456 89,260 81,971 78,843 113,755 139,326 133,693 126,033 187,926 190,833 196,217 212,288 193,203 174,834 154,534 152,125 153,392 7,367 10,386.4 8,578.5 916.1 359.7 252.7 229.5 198.4 168.8 167.1 334.6
Stockholders' Equity
Common Stock 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 1 1 1 1.2 1.2 0.7 0.6 0.7 0.7 0.6 0.6 0.6 0.5
Retained Earnings 37,899 35,611 32,343 29,876 27,688 24,334 21,662 19,282 16,966 13,660 12,033 10,145 8,230 6,473 5,118 3,798 2,436 1,991 1,622.0 993.8 806.9 650.0 570.5 440.7 307.5 200.1 112.7 53.3
Accumulated Other Comprehensive Income (545) (1,178) (840) (1,101) (550) (337) (571) (691) (432) (716) (448) (273) (35) (59) (127) (96) (96) (186) 71.0 44.7 2.7 8.3 6.0 0.2 (3.5) (2.5) (0.2) 0
Total Stockholders' Equity 55,888 47,495 39,347 37,744 37,693 35,283 33,547 32,374 31,825 29,098 28,503 27,366 26,460 25,403 25,048 26,094 24,329 12,066 11,597.0 10,781.9 922.2 768.4 713.3 634.7 486.1 368.2 280.5 106.2
Total Liabilities & Equity 169,998 138,615 123,211 117,628 152,648 176,982 168,622 159,573 220,217 220,177 225,261 239,808 219,873 200,451 179,896 178,459 177,994 19,924 22,561.5 20,469.5 1,848 1,145.2 967.2 864.2 684.5 537.0 447.6 440.8
Debt Metrics
Total Debt 14,996 14,222 9,702 8,489 9,318 8,019 4,955 4,979 5,014 4,915 4,930 8,311 7,308 8,189 6,364 4,637 5,668 1,142 1,247 253.2 265.7 4.8 0 0 0 0 56.4 375.2
Net Debt 3,528 1,460 966 1,073 (5) (645) 126 (1,509) (2,024) (1,260) (1,301) 2,310 2,757 3,286 2,804 1,177 960 (890) (409) (907.1) (218.5) (452.9) (315.9) (255.2) (186.5) (192.6) (100.7) 261.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Operating Activities
Net Income 5,942 6,512 5,676 4,994 6,205 5,286 4,526 4,302 5,007 3,170 3,352 3,264 2,951 2,440 2,339 2,050 897 786 995.3 322.6 233.9 143.1 155.4 133.2 107.4 87.4 59.4 35.6
Depreciation & Amortization 1,126 529 427 418 415 358 405 220 240 229 247 278 291 295 299 310 239 232 198.8 72.8 30.9 20.7 21.4 20.2 26.0 20.0 18.2 12.9
Stock-Based Compensation 1,307 753 630 708 734 622 567 564 542 521 514 453 448 451 497 445 317 278 188.3 0 0 0 0 0 0 0 0 0
Change in Working Capital (189) 176 (346) (897) 658 169 (608) (158) (152) (753) (542) (320) (6) (559) (383) (294) (280) 111 (380.3) 199.7 (107.1) (5.2) 17.1 14.2 32.3 (0.2) 38.7 7
Other Non-Cash Items (3,628) (2,908) (2,346) (869) (2,203) (2,535) (2,023) (1,627) (588) (999) (411) (490) 151 (326) 211 (26) 315 741 (309.9) 168.3 78.4 97.9 (11.9) (2.7) 10.1 1.5 0.1 (1.8)
Operating Cash Flow 3,927 4,956 4,165 4,956 4,944 3,743 2,884 3,075 3,828 2,154 3,004 3,081 3,642 2,240 2,826 2,488 1,399 1,916 587.4 720.9 254.9 231.4 179.6 172.0 167.4 108.6 116.3 53.7
Investing Activities
Capital Expenditure (375) (255) (344) (533) (341) (194) (254) (204) (155) (119) (221) (66) (94) (150) (247) (132) (67) (77) (111.3) (84.0) (55.2) (25.6) (13.5) (42.8) (40.5) (32.8) (18.9) (8.4)
Acquisitions (3,496) (2,936) (189) 0 (1,106) 0 (1,510) (699) (102) (30) (273) 0 (298) (267) 0 (21) (5,755) (34) (591.8) (272.4) (275.2) (0.1) (8.9) (1.7) 0 0 0 0
Purchases of Investments (1,481) (945) (872) (909) (1,014) (430) (803) (378) (528) (451) (493) (492) (460) (617) (204) (708) (73) (420) (638.3) (212.6) (51.6) (97.6) (177.8) (52.2) (126.6) (12.9) 0 0
Sales/Maturities of Investments 544 766 400 242 429 187 417 449 166 378 456 654 286 695 247 234 287 122 265.6 25.7 169.9 192.3 180.5 0 0 0 0.0 3.4
Other Investing Activities 390 366 46 70 95 183 136 24 32 34 66 143 83 73 0 0 89 15 7.0 546.9 (7.7) (61.9) 0 0 0 0 0 0
Investing Cash Flow (4,418) (3,004) (959) (1,130) (1,937) (254) (2,014) (808) (587) (188) (465) 239 (483) (266) (204) (627) (5,519) (394) (1,068.8) 3.6 (219.8) 7.0 (19.6) (96.8) (167.1) (45.7) (18.9) (5)
Financing Activities
Net Debt Issuance 172 4,416 1,179 (776) 273 2,296 103 40 (3) 0 37 509 (1,260) 1,326 1,304 (2,310) 4,592 (304) 1,107.8 0 132.1 0 (0.8) 0 0 (28.2) (168.8) (28.2)
Stock Repurchased (1,951) (1,930) (1,884) (2,332) (1,485) (1,809) (1,911) (2,087) (1,421) (1,399) (1,331) (1,344) (1,243) (1,645) (2,885) (264) (46) (46) (383.3) (31) (77.5) (57.6) (83.4) (12.4) (7.4) (0.0) (0.6) (0.2)
Dividends Paid (3,347) (3,101) (3,035) (2,990) (2,547) (2,260) (2,096) (1,968) (1,662) (1,545) (1,476) (1,338) (1,168) (1,060) (1,014) (776) (422) (419) (353.5) (135.7) (76.6) (63.7) (25.6) 0 0 0 0 (12.3)
Other Financing Activities 3,832 2,851 1,748 656 1,472 2,017 1,321 1,250 456 1,259 706 318 279 435 105 174 (179) (124) 511.0 72.4 1.8 6.3 0 (0.8) (0.7) 0 (2.6) 2.1
Financing Cash Flow (1,127) 2,236 (1,992) (5,442) (2,287) 244 (2,583) (2,765) (2,630) (1,685) (2,064) (1,855) (3,392) (944) (2,485) (3,170) 6,749 (887) 958.9 (84.9) (4.3) (99.6) (102.3) (8.2) (6.2) (27.1) (53.8) (4.4)
Cash Position
Net Change in Cash (1,294) 4,026 1,320 (1,907) 659 3,835 (1,659) (591) 803 8 360 1,333 (216) 1,100 139 (1,341) 2,676 376 495.9 676.1 26.6 141.7 60.7 68.8 (6.1) 35.5 43.7 44.4
Cash at Beginning 12,762 8,753 7,433 9,340 8,681 4,846 6,505 7,096 6,091 6,083 5,723 4,390 4,606 3,506 3,367 4,708 2,032 1,656 1,160.3 484.2 457.7 315.9 255.2 186.5 192.6 157.1 113.5 69.1
Cash at End 11,468 12,779 8,753 7,433 9,340 8,681 4,846 6,505 6,894 6,091 6,083 5,723 4,390 4,606 3,506 3,367 4,708 2,032 1,656.2 1,160.3 484.2 457.7 315.9 255.2 186.5 192.6 157.1 113.5
Free Cash Flow 3,552 4,701 3,821 4,423 4,603 3,549 2,630 2,871 3,673 2,035 2,783 3,015 3,548 2,090 2,579 2,356 1,332 1,839 476.1 636.9 199.8 205.8 166.1 129.2 126.9 75.8 97.4 45.3
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Income Statement
Revenue 24,216 20,407 17,859 17,873 19,374 16,205 14,539 14,198 13,600 12,261 11,401 11,081 10,180 9,337 9,081 8,612 4,700 5,063.9 5,365.2 2,098.0 1,191.4 725.3 598.2 577.0 533.1 476.9 381.0 339.5
Gross Profit 11,310 10,086 8,582 8,684 9,818 8,266 7,406 7,205 6,789 6,018 6,172 6,084 5,558 5,040 4,852 5,107 4,223 4,466.9 4,297.0 2,098.0 1,191.4 725.3 598.2 577.0 533.1 476.9 381.0 341.5
Operating Income 7,909 7,574 6,275 6,385 7,450 5,695 5,551 5,457 5,254 4,570 4,664 4,474 3,857 3,524 3,249 2,998 1,541 1,016 1,962.5 648.1 340.5 171.9 228.3 215.1 170.2 143.0 110.9 79.4
Net Income 5,553 6,369 5,502 5,178 5,901 4,932 4,476 4,305 4,952 3,172 3,345 3,294 2,932 2,458 2,337 2,063 875 786.4 995.3 322.6 233.9 143.1 155.4 133.2 107.4 87.4 59.4 35.6
EPS (Diluted) 35.42 42.01 36.51 33.97 38.22 31.85 28.43 26.48 30.00 18.94 19.71 19.17 16.80 13.73 12.32 10.51 6.09 5.89 7.53 3.85 3.49 2.16 2.35 2.03 1.64 1.34 1.04 0.66
Balance Sheet
Cash & Equivalents 11,468 12,762 8,736 7,416 9,323 8,664 4,829 6,488 7,038 6,175 6,231 6,001 4,551 4,903 3,560 3,460 4,708 2,032 1,656.2 1,160.3 484.2 457.7 315.9 255.2 186.5 192.6 157.1 113.5
Total Assets 169,998 138,615 123,211 117,628 152,648 176,982 168,622 159,573 220,217 220,177 225,261 239,808 219,873 200,451 179,896 178,459 177,994 19,924 22,561.5 20,469.5 1,848 1,145.2 967.2 864.2 684.5 537.0 447.6 440.8
Total Debt 14,996 14,222 9,702 8,489 9,318 8,019 4,955 4,979 5,014 4,915 4,930 8,311 7,308 8,189 6,364 4,637 5,668 1,142 1,247 253.2 265.7 4.8 0 0 0 0 56.4 375.2
Stockholders' Equity 55,888 47,495 39,347 37,744 37,693 35,283 33,547 32,374 31,825 29,098 28,503 27,366 26,460 25,403 25,048 26,094 24,329 12,066 11,597.0 10,781.9 922.2 768.4 713.3 634.7 486.1 368.2 280.5 106.2
Cash Flow
Operating Cash Flow 3,927 4,956 4,165 4,956 4,944 3,743 2,884 3,075 3,828 2,154 3,004 3,081 3,642 2,240 2,826 2,488 1,399 1,916 587.4 720.9 254.9 231.4 179.6 172.0 167.4 108.6 116.3 53.7
Capital Expenditure (375) (255) (344) (533) (341) (194) (254) (204) (155) (119) (221) (66) (94) (150) (247) (132) (67) (77) (111.3) (84.0) (55.2) (25.6) (13.5) (42.8) (40.5) (32.8) (18.9) (8.4)
Free Cash Flow 3,552 4,701 3,821 4,423 4,603 3,549 2,630 2,871 3,673 2,035 2,783 3,015 3,548 2,090 2,579 2,356 1,332 1,839 476.1 636.9 199.8 205.8 166.1 129.2 126.9 75.8 97.4 45.3