BlackRockBLKEarnings & Financial Report
BlackRock, Inc. is an American multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with $12.5 trillion in assets under management as of 2025. Headquartered in New York City, BlackRock has 70 offices in 30 countries and clients in 100 countries.
BLK Q1 FY2026 Key Financial Metrics
Revenue
$6.7B
Gross Profit
N/A
Operating Profit
$2.8B
Net Profit
$2.1B
Gross Margin
N/A
Operating Margin
42.0%
Net Margin
30.9%
YoY Growth
27.0%
EPS
$14.06
BlackRock Q1 FY2026 Financial Summary
BlackRock reported revenue of $6.7B (up 27.0% YoY) for Q1 FY2026, with a net profit of $2.1B (up 16.8% YoY) (30.9% margin).
Key Financial Metrics
| Total Revenue | $6.7B |
|---|---|
| Net Profit | $2.1B |
| Gross Margin | N/A |
| Operating Margin | 42.0% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
BlackRock Q1 FY2026 revenue of $6.7B breaks down across 16 segments, led by ETFs at $1.8B (26.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| ETFs | $1.8B | 26.8% |
| Fixed income subtotal | $965.0M | 14.4% |
| Private markets | $658.0M | 9.8% |
| Active | $593.0M | 8.9% |
| Technology services and subscription revenue | $530.0M | 7.9% |
| Distribution fees | $389.0M | 5.8% |
| Active multi-asset | $371.0M | 5.5% |
| Non-ETF index | $342.0M | 5.1% |
| Cash management | $340.0M | 5.1% |
| Other | $296.0M | 4.4% |
| Liquid alternatives | $197.0M | 2.9% |
| Digital assets, commodities and multi-asset ETFs (1) | $179.0M | 2.7% |
| Equity | $22.0M | 0.3% |
| Advisory | $12.0M | 0.2% |
| Multi-asset | $9.0M | 0.1% |
| Fixed income | $2.0M | 0.0% |
BlackRock Annual Revenue by Year
BlackRock annual revenue history includes year-by-year totals (for example, 2025 revenue was $24.2B).
| Year | Annual Revenue | |
|---|---|---|
| 2025 | $24.2B | — |
BlackRock Quarterly Revenue & Net Profit History
BlackRock results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $6.7B | +27.0% | $2.1B | 30.9% |
| Q4 FY2025 | $7.0B | — | $1.1B | 16.1% |
| Q3 FY2025 | $6.5B | +25.2% | $1.3B | 20.3% |
| Q2 FY2025 | $5.4B | +12.9% | $1.6B | 29.4% |
| Q1 FY2025 | $5.3B | +11.6% | $1.5B | 28.6% |
| Q3 FY2024 | $5.2B | +14.9% | $1.6B | 31.4% |
| Q2 FY2024 | $4.8B | — | $1.5B | 31.1% |
| Q1 FY2024 | $4.7B | — | $1.6B | 33.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.73B | $4.80B | $5.20B | $5.28B | $5.42B | $6.51B | $7.01B | $6.70B |
| YoY Growth | N/A | N/A | 14.9% | 11.6% | 12.9% | 25.2% | N/A | 27.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | N/A | N/A | $132.82B | $141.94B | $146.47B | $162.68B | $170.00B | N/A |
| Liabilities | N/A | N/A | $89.19B | $91.75B | $94.87B | $100.83B | $108.46B | N/A |
| Equity | $39.90B | $40.27B | $41.18B | $48.04B | $49.14B | $55.52B | $55.89B | $71.84B |
Cash Flow
| Q1 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|
| Operating CF | $-408.0M | $-1.13B | $1.36B | $1.41B | $2.28B |