BlackRock, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 19.37B | 17.87B | 17.86B | 20.41B | 24.22B | 18.7% | |
| Cost of Revenue | (9.56B) | (9.19B) | (9.28B) | (10.32B) | (12.91B) | 25.0% | |
Gross Profit | 9.82B | 8.68B | 8.58B | 10.09B | 11.31B | 12.1% | |
| Operating Expenses | |||||||
| Research & Development | — | — | (607.00M) | (674.00M) | — | -100.0% | |
| Selling, General & Administrative | (2.19B) | (2.05B) | (2.10B) | (2.26B) | (2.63B) | 16.3% | |
| General & Administrative | (1.96B) | (1.80B) | (1.79B) | (1.94B) | (2.25B) | 16.0% | |
| Selling & Marketing | (228.00M) | (255.00M) | (309.00M) | (314.00M) | (373.00M) | 18.8% | |
| Depreciation & Amortization | (415.00M) | (418.00M) | (427.00M) | (529.00M) | (1.13B) | 112.9% | |
Operating Income (EBIT) | 7.45B | 6.38B | 6.28B | 7.57B | 7.91B | 4.4% | |
| Non-Operating Items | |||||||
| Interest Income | 87.00M | 152.00M | 473.00M | 767.00M | 685.00M | -10.7% | |
| Interest Expense | (205.00M) | (212.00M) | (292.00M) | (538.00M) | (706.00M) | 31.2% | |
| Other Income/Expenses (Net) | 723.00M | -95.00M | 880.00M | 721.00M | -290.00M | -140.2% | |
Income Before Tax | 8.17B | 6.29B | 7.16B | 8.29B | 7.62B | -8.1% | |
| Income Tax Expense | (1.97B) | (1.30B) | (1.48B) | (1.78B) | (1.68B) | -5.9% | |
Net Income | 5.90B | 5.18B | 5.50B | 6.37B | 5.55B | -12.8% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $39 | $34 | $37 | $42 | $36 | -15.6% | |
| Weighted Avg Shares Outstanding | 152.24M | 150.92M | 149.30M | 150.04M | 155.10M | 3.4% | |
| Weighted Avg Shares Outstanding (Diluted) | 154.40M | 152.44M | 150.71M | 151.60M | 165.40M | 9.1% | |
EBITDA | 7.90B | 6.90B | 6.77B | 8.21B | 9.36B | 14.0% |
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Large Cap