BlackRock, Inc. logo BLK - BlackRock, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 25
HOLD 8
SELL 0
STRONG
SELL 0
| PRICE TARGET: $1,311.78 DETAILS
HIGH: $1,393.00
LOW: $1,200.00
MEDIAN: $1,350.00
CONSENSUS: $1,311.78
UPSIDE: 22.25%
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 10,771 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 13,445 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 189 674 607 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 4,687 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 1,524 (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 6,400 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 7,045 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 8,474 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 7,810 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 2009 2008 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 4,708 2,032 457.7 315.9 255.2 186.5 192.6 157.1 113.5
Short-Term Investments 2,789 1,823 1,871 1,331 0 0 0 0 0 0 0 0 227.5 234.9 208.7 139.1 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 1,907 1,210 154.9 127.3 114.1 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
Other Current Assets 8,009 6,152 4,650 5,856 7,081 16,507 15,466 20,655 24,190 27,792 0 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 6,615 3,242 840.1 678.2 578.0 422.2 289.2 225.2 116.4
Non-Current Assets
Property, Plant & Equipment 3,130 2,622 2,533 2,547 2,383 1,330 715 643 592 559 443 260 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 12,570 5,533 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 17,648 6,441 184.1 192.1 182.8 181.7 192.1 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 1,049 1,429 (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 93,289 151,639 150,452 139,799 3,019 254.8 244.9 218.1 149.2 23.4 7.7 110.7
Total Non-Current Assets 142,574 113,429 103,833 99,407 132,455 148,276 145,148 129,773 184,821 183,087 171,509 16,682 305.1 289.0 286.1 262.2 247.8 222.4 324.4
Total Assets 169,998 138,615 123,211 117,628 152,648 176,982 168,622 159,573 220,217 220,177 177,994 19,924 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 1,161 880 840 545 0 0 0 0 0 0.7 0
Short-Term Debt 0 0 0 0 14 0 0 0 0 0 2,234 200 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
Other Current Liabilities 1,740 1,536 85 92 176 131 0 0 0 0 0 826 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 5,061 1,674 311.4 172.4 173.0 146.0 130.1 119.3 307.3
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 3,434 942 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 5,526 1,825 0 0 0 0 0 0 0
Other Non-Current Liabilities 87,102 70,168 67,523 65,679 100,282 126,606 123,837 116,191 178,275 180,198 139,456 2,922 43.6 80.2 56.5 52.3 38.7 19.6 (150.9)
Total Non-Current Liabilities 106,716 87,724 80,731 77,549 112,358 138,298 132,526 124,741 186,816 189,953 148,461 5,690 48.4 80.2 56.5 52.3 38.7 47.8 27.3
Total Liabilities 108,456 89,260 81,971 78,843 113,755 139,326 133,693 126,033 187,926 190,833 153,392 7,367 359.7 252.7 229.5 198.4 168.8 167.1 334.6
Stockholders' Equity
Common Stock 2 2 2 2 2 2 2 2 2 2 1 1 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 2,436 1,991 650.0 570.5 440.7 307.5 200.1 112.7 53.3
Accumulated Other Comprehensive Income (545) (1,178) (840) (1,101) (550) (337) (571) (691) (432) (716) (96) (186) 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 24,329 12,066 768.4 713.3 634.7 486.1 368.2 280.5 106.2
Total Liabilities & Equity 169,998 138,615 123,211 117,628 152,648 176,982 168,622 159,573 220,217 220,177 177,994 19,924 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 5,668 1,142 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) 960 (890) (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 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 3,170 233.9 143.1 155.4 133.2 107.4 87.4 59.4 35.6
Depreciation & Amortization 1,126 529 427 418 415 358 405 220 240 229 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 0 0 0 0 0 0 0 0
Change in Working Capital (189) 176 (346) (897) 658 169 (608) (158) (152) (753) (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) 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 2,154 254.9 231.4 179.6 172.0 167.4 108.6 116.3 53.7
Investing Activities
Capital Expenditure (375) (255) (344) (533) (341) (194) (254) (204) (155) (119) (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) (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) (51.6) (97.6) (177.8) (52.2) (126.6) (12.9) 0 0
Sales/Maturities of Investments 544 766 400 242 429 187 417 449 166 378 169.9 192.3 180.5 0 0 0 0.0 3.4
Other Investing Activities 390 366 46 70 95 183 136 24 32 34 (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) (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) 0 132.1 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) (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) (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 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) (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 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 6,083 457.7 315.9 255.2 186.5 192.6 157.1 113.5 69.1
Cash at End 11,468 12,779 8,753 7,433 9,340 8,681 4,846 6,505 6,894 6,091 484.2 457.7 315.9 255.2 186.5 192.6 157.1 113.5
Free Cash Flow 3,552 4,701 3,821 4,423 4,603 3,549 2,630 2,871 3,673 2,035 199.8 205.8 166.1 129.2 126.9 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 13,445 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 7,045 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 4,708 2,032 457.7 315.9 255.2 186.5 192.6 157.1 113.5
Total Assets 169,998 138,615 123,211 117,628 152,648 176,982 168,622 159,573 220,217 220,177 177,994 19,924 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 5,668 1,142 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 24,329 12,066 768.4 713.3 634.7 486.1 368.2 280.5 106.2
Cash Flow
Operating Cash Flow 3,927 4,956 4,165 4,956 4,944 3,743 2,884 3,075 3,828 2,154 254.9 231.4 179.6 172.0 167.4 108.6 116.3 53.7
Capital Expenditure (375) (255) (344) (533) (341) (194) (254) (204) (155) (119) (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 2,035 199.8 205.8 166.1 129.2 126.9 75.8 97.4 45.3