Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of BlackRock.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.41B | $17.86B | $17.87B | $19.37B | $16.20B | $14.54B | $14.20B | $13.60B | $11.15B | $11.40B |
| Cost of Revenue | $10.32B | $9.51B | $9.09B | $9.56B | $7.94B | $7.13B | $6.99B | $6.81B | $5.11B | $5.23B |
| Gross Profit | $10.09B | $8.35B | $8.79B | $9.82B | $8.27B | $7.41B | $7.21B | $6.79B | $6.05B | $6.17B |
| Gross Profit Ratio | 49.42% | 46.70% | 49.16% | 50.70% | 51.01% | 50.94% | 50.75% | 49.92% | 54.20% | 54.14% |
| Research and Development Expenses | $674.00M | $- | $600.00M | $508.00M | $0 | $0 | $0 | $0 | $175.00M | $170.00M |
| General and Administrative Expenses | $1.85B | $1.52B | $1.82B | $1.95B | $1.62B | $1.32B | $1.20B | $1.45B | $1.30B | $1.38B |
| Selling and Marketing Expenses | $314.00M | $344.00M | $331.00M | $238.00M | $229.00M | $350.00M | $361.00M | $333.00M | $325.00M | $365.00M |
| Selling General and Administrative Expenses | $2.17B | $1.86B | $2.15B | $2.18B | $1.85B | $1.67B | $1.56B | $1.45B | $1.30B | $1.38B |
| Other Expenses | $-329.00M | $- | $151.00M | $147.00M | $106.00M | $97.00M | $50.00M | $5.00M | $99.00M | $128.00M |
| Operating Expenses | $2.51B | $2.07B | $2.30B | $2.33B | $1.95B | $1.77B | $1.61B | $1.53B | $1.40B | $1.51B |
| Cost and Expenses | $12.83B | $11.58B | $11.38B | $11.89B | $9.89B | $8.90B | $8.60B | $8.35B | $6.51B | $6.74B |
| Interest Income | $767.00M | $473.00M | $152.00M | $87.00M | $62.00M | $97.00M | $104.00M | $49.00M | $40.00M | $26.00M |
| Interest Expense | $538.00M | $292.00M | $212.00M | $205.00M | $205.00M | $203.00M | $184.00M | $205.00M | $205.00M | $204.00M |
| Depreciation and Amortization | $438.67M | $427.00M | $11.16B | $11.86B | $10.22B | $8.90B | $8.78B | $8.52B | $6.51B | $128.00M |
| EBITDA | $8.12B | $7.87B | $6.90B | $7.90B | $6.08B | $5.90B | $5.80B | $5.50B | $4.90B | $4.96B |
| EBITDA Ratio | 39.77% | 44.09% | 38.00% | 39.86% | 39.99% | 40.09% | 40.51% | 39.29% | 42.90% | 42.77% |
| Operating Income | $7.57B | $6.28B | $6.38B | $7.45B | $5.70B | $5.55B | $5.46B | $5.25B | $4.57B | $4.66B |
| Operating Income Ratio | 37.11% | 35.14% | 35.72% | 38.45% | 35.14% | 38.18% | 38.43% | 38.63% | 40.97% | 40.91% |
| Total Other Income Expenses Net | $721.00M | $880.00M | $-95.00M | $723.00M | $829.00M | $236.00M | $-79.00M | $5.00M | $-110.00M | $-62.00M |
| Income Before Tax | $8.29B | $7.16B | $6.29B | $8.17B | $6.52B | $5.79B | $5.38B | $5.26B | $4.46B | $4.60B |
| Income Before Tax Ratio | 40.65% | 40.06% | 35.19% | 42.19% | 40.26% | 39.80% | 37.88% | 38.67% | 39.98% | 40.36% |
| Income Tax Expense | $1.78B | $1.48B | $1.30B | $1.97B | $1.24B | $1.26B | $1.08B | $270.00M | $1.29B | $1.25B |
| Net Income | $6.37B | $5.50B | $5.18B | $5.90B | $4.93B | $4.48B | $4.30B | $4.95B | $3.17B | $3.35B |
| Net Income Ratio | 31.21% | 30.81% | 28.97% | 30.46% | 30.44% | 30.79% | 30.32% | 36.41% | 28.44% | 29.34% |
| EPS | $42.46 | $36.85 | $34.31 | $38.76 | $32.13 | $28.69 | $26.75 | $30.42 | $19.19 | $20.02 |
| EPS Diluted | $42.01 | $36.51 | $33.97 | $38.22 | $31.85 | $28.43 | $26.48 | $30.00 | $18.94 | $19.71 |
| Weighted Average Shares Outstanding | 150.00M | 149.30M | 150.92M | 152.24M | 153.49M | 156.01M | 160.94M | 162.81M | 165.09M | 167.06M |
| Weighted Average Shares Outstanding Diluted | 151.60M | 150.71M | 152.44M | 154.40M | 154.84M | 157.46M | 162.60M | 165.08M | 167.25M | 169.72M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $12.76B | $8.74B | $7.42B | $9.32B | $8.66B | $4.83B | $6.49B | $7.04B | $6.17B | $6.23B |
| Short Term Investments | $1.82B | $1.87B | $1.33B | $- | $- | $- | $- | $779.00M | $566.00M | $720.00M |
| Cash and Short Term Investments | $14.59B | $8.74B | $7.42B | $9.32B | $8.66B | $4.83B | $6.49B | $7.04B | $6.17B | $6.23B |
| Net Receivables | $4.45B | $4.12B | $3.26B | $3.79B | $3.54B | $3.18B | $5.34B | $4.19B | $3.12B | $3.27B |
| Inventory | $- | $- | $- | $22.13B | $29.62B | $24.40B | $30.65B | $-779.00M | $-566.00M | $-720.00M |
| Other Current Assets | $6.15B | $4.85B | $5.76B | $7.08B | $16.51B | $15.47B | $20.66B | $24.19B | $27.79B | $31.34B |
| Total Current Assets | $25.19B | $17.70B | $16.45B | $20.19B | $28.71B | $23.47B | $32.48B | $35.42B | $37.33B | $40.83B |
| Property Plant Equipment Net | $2.62B | $2.53B | $2.55B | $2.38B | $681.00M | $715.00M | $643.00M | $592.00M | $559.00M | $581.00M |
| Goodwill | $25.95B | $15.52B | $15.34B | $15.35B | $14.55B | $14.56B | $13.53B | $13.22B | $13.12B | $13.12B |
| Intangible Assets | $20.74B | $18.26B | $18.30B | $18.45B | $18.26B | $18.37B | $17.84B | $17.39B | $17.36B | $17.37B |
| Goodwill and Intangible Assets | $46.69B | $33.78B | $33.64B | $33.80B | $32.81B | $32.93B | $31.36B | $30.61B | $30.48B | $30.50B |
| Long Term Investments | $7.71B | $7.78B | $7.47B | $7.26B | $6.92B | $5.49B | $1.80B | $1.98B | $1.59B | $1.58B |
| Tax Assets | $- | $208.00M | $3.38B | $2.76B | $304.00M | $175.00M | $163.00M | $19.00M | $20.00M | $- |
| Other Non-Current Assets | $56.41B | $61.21B | $54.15B | $86.25B | $107.56B | $105.84B | $93.13B | $151.60B | $150.20B | $151.77B |
| Total Non-Current Assets | $113.43B | $105.51B | $101.18B | $132.46B | $148.28B | $145.15B | $127.09B | $184.80B | $182.85B | $184.43B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $138.62B | $123.21B | $117.63B | $152.65B | $176.98B | $168.62B | $159.57B | $220.22B | $220.18B | $225.26B |
| Account Payables | $- | $886.00M | $1.20B | $1.21B | $897.00M | $874.00M | $951.00M | $1.16B | $805.00M | $1.07B |
| Short Term Debt | $- | $- | $1.00B | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-1.20B | $-1.21B | $-19.81B | $-17.97B | $-23.98B | $-192.99B | $-30.45B | $- |
| Other Current Liabilities | $1.54B | $354.00M | $-367.00M | $10.24B | $19.19B | $17.82B | $22.98B | $26.34B | $29.75B | $33.31B |
| Total Current Liabilities | $1.54B | $1.24B | $1.29B | $1.40B | $1.03B | $1.17B | $1.29B | $1.16B | $1.09B | $1.07B |
| Long Term Debt | $14.22B | $9.70B | $7.49B | $9.32B | $8.02B | $5.58B | $4.98B | $5.01B | $4.92B | $4.93B |
| Deferred Revenue Non-Current | $- | $133.00M | $125.00M | $2.95B | $2.50B | $2.06B | $1.99B | $2.15B | $1.88B | $1.97B |
| Deferred Tax Liabilities Non-Current | $3.33B | $3.51B | $3.38B | $2.76B | $3.67B | $3.73B | $3.57B | $3.54B | $4.84B | $4.85B |
| Other Non-Current Liabilities | $70.17B | $66.85B | $58.62B | $90.24B | $107.55B | $105.69B | $93.55B | $151.93B | $150.53B | $152.06B |
| Total Non-Current Liabilities | $87.72B | $80.19B | $77.55B | $112.36B | $138.30B | $132.53B | $124.74B | $186.76B | $189.74B | $195.15B |
| Other Liabilities | $- | $544.00M | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $89.26B | $81.97B | $78.84B | $113.75B | $139.33B | $133.69B | $126.03B | $187.93B | $190.83B | $196.22B |
| Preferred Stock | $- | $- | $29.88B | $27.69B | $24.33B | $21.66B | $19.28B | $16.94B | $13.66B | $- |
| Common Stock | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M |
| Retained Earnings | $- | $32.34B | $29.88B | $27.69B | $24.33B | $21.66B | $19.28B | $16.97B | $13.66B | $12.03B |
| Accumulated Other Comprehensive Income Loss | $41.18B | $-840.00M | $-1.10B | $-550.00M | $-337.00M | $-571.00M | $-691.00M | $-432.00M | $-716.00M | $-448.00M |
| Other Total Stockholders Equity | $2.44B | $7.84B | $8.97B | $10.55B | $11.28B | $12.45B | $13.78B | $15.29B | $16.15B | $16.92B |
| Total Stockholders Equity | $43.62B | $39.35B | $37.74B | $37.69B | $35.28B | $33.55B | $32.37B | $31.82B | $29.10B | $28.50B |
| Total Equity | $43.62B | $41.24B | $38.78B | $38.89B | $37.66B | $34.93B | $33.54B | $32.29B | $29.34B | $29.04B |
| Total Liabilities and Stockholders Equity | $138.62B | $123.21B | $117.63B | $152.65B | $176.98B | $168.62B | $159.57B | $220.22B | $220.18B | $225.26B |
| Minority Interest | $- | $1.89B | $1.04B | $1.20B | $2.37B | $1.38B | $1.17B | $466.00M | $246.00M | $541.00M |
| Total Liabilities and Total Equity | $138.62B | $123.21B | $117.63B | $152.65B | $176.98B | $168.62B | $159.57B | $220.22B | $220.18B | $225.26B |
| Total Investments | $9.53B | $9.65B | $7.47B | $7.26B | $6.92B | $5.49B | $1.80B | $1.98B | $1.59B | $1.58B |
| Total Debt | $14.22B | $9.70B | $8.49B | $9.32B | $7.26B | $4.96B | $5.06B | $5.01B | $4.92B | $4.93B |
| Net Debt | $1.46B | $966.00M | $1.07B | $-5.00M | $-1.40B | $126.00M | $-1.43B | $-2.02B | $-1.26B | $-1.30B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $6.51B | $5.50B | $4.99B | $6.21B | $5.29B | $4.53B | $4.30B | $5.01B | $3.17B | $3.35B |
| Depreciation and Amortization | $529.00M | $427.00M | $418.00M | $415.00M | $358.00M | $405.00M | $220.00M | $240.00M | $229.00M | $247.00M |
| Deferred Income Tax | $- | $- | $602.00M | $-865.00M | $-157.00M | $17.00M | $-226.00M | $-1.22B | $-14.00M | $-156.00M |
| Stock Based Compensation | $753.00M | $630.00M | $708.00M | $734.00M | $622.00M | $567.00M | $564.00M | $542.00M | $521.00M | $514.00M |
| Change in Working Capital | $176.00M | $-392.00M | $-897.00M | $658.00M | $169.00M | $-608.00M | $-158.00M | $-152.00M | $-753.00M | $-542.00M |
| Accounts Receivables | $- | $- | $416.00M | $-322.00M | $-313.00M | $-433.00M | $4.00M | $-521.00M | $-86.00M | $-154.00M |
| Inventory | $- | $- | $151.00M | $-342.00M | $115.00M | $111.00M | $25.00M | $-215.00M | $-632.00M | $-500.00M |
| Accounts Payables | $- | $- | $-151.00M | $342.00M | $-115.00M | $-111.00M | $43.00M | $308.00M | $51.00M | $14.00M |
| Other Working Capital | $176.00M | $-392.00M | $-1.31B | $980.00M | $482.00M | $-175.00M | $-230.00M | $276.00M | $-86.00M | $98.00M |
| Other Non Cash Items | $-3.01B | $-2.03B | $-869.00M | $-2.20B | $-2.54B | $-2.02B | $-1.63B | $-588.00M | $-999.00M | $-411.00M |
| Net Cash Provided by Operating Activities | $4.96B | $4.14B | $4.96B | $4.94B | $3.74B | $2.88B | $3.08B | $3.83B | $2.15B | $3.00B |
| Investments in Property Plant and Equipment | $-255.00M | $-344.00M | $-533.00M | $-341.00M | $-194.00M | $-254.00M | $-204.00M | $-155.00M | $-119.00M | $-221.00M |
| Acquisitions Net | $-2.94B | $-189.00M | $- | $-1.11B | $- | $-1.51B | $-699.00M | $-102.00M | $-30.00M | $-273.00M |
| Purchases of Investments | $- | $-872.00M | $-909.00M | $-1.01B | $-430.00M | $-803.00M | $-378.00M | $-528.00M | $-451.00M | $-493.00M |
| Sales Maturities of Investments | $- | $400.00M | $242.00M | $429.00M | $187.00M | $417.00M | $449.00M | $166.00M | $378.00M | $456.00M |
| Other Investing Activities | $187.00M | $72.00M | $70.00M | $95.00M | $183.00M | $136.00M | $24.00M | $32.00M | $34.00M | $66.00M |
| Net Cash Used for Investing Activities | $-3.00B | $-933.00M | $-1.13B | $-1.94B | $-254.00M | $-2.01B | $-808.00M | $-587.00M | $-188.00M | $-465.00M |
| Debt Repayment | $4.42B | $1.18B | $-776.00M | $273.00M | $2.30B | $103.00M | $40.00M | $-3.00M | $- | $37.00M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-1.93B | $-1.88B | $-2.33B | $-1.49B | $-1.81B | $-1.91B | $-2.09B | $-1.42B | $-1.40B | $-1.33B |
| Dividends Paid | $-3.10B | $-3.04B | $-2.99B | $-2.55B | $-2.26B | $-2.10B | $-1.97B | $-1.66B | $-1.54B | $-1.48B |
| Other Financing Activities | $2.85B | $1.75B | $656.00M | $1.47B | $2.02B | $1.32B | $1.25B | $456.00M | $1.26B | $706.00M |
| Net Cash Used Provided by Financing Activities | $2.24B | $-1.99B | $-5.44B | $-2.29B | $244.00M | $-2.58B | $-2.77B | $-2.63B | $-1.69B | $-2.06B |
| Effect of Forex Changes on Cash | $- | $106.00M | $-291.00M | $-61.00M | $102.00M | $54.00M | $-93.00M | $192.00M | $-273.00M | $-115.00M |
| Net Change in Cash | $4.03B | $1.32B | $-1.91B | $659.00M | $3.83B | $-1.66B | $-591.00M | $803.00M | $8.00M | $360.00M |
| Cash at End of Period | $12.78B | $8.74B | $7.43B | $9.34B | $8.68B | $4.85B | $6.50B | $6.89B | $6.09B | $6.08B |
| Cash at Beginning of Period | $8.75B | $7.42B | $9.34B | $8.68B | $4.85B | $6.50B | $7.10B | $6.09B | $6.08B | $5.72B |
| Operating Cash Flow | $4.96B | $4.14B | $4.96B | $4.94B | $3.74B | $2.88B | $3.08B | $3.83B | $2.15B | $3.00B |
| Capital Expenditure | $-255.00M | $-344.00M | $-533.00M | $-341.00M | $-194.00M | $-254.00M | $-204.00M | $-155.00M | $-119.00M | $-221.00M |
| Free Cash Flow | $4.70B | $3.79B | $4.42B | $4.60B | $3.55B | $2.63B | $2.87B | $3.67B | $2.04B | $2.78B |