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What changed in BlackRock, Inc.'s latest annual report

In the year ended 31 Dec 2025, BlackRock, Inc.'s revenue rose 18.7% to USD 24.22bn, from USD 20.41bn; net income fell 12.8% to USD 5.55bn, from USD 6.37bn; total assets rose 22.6% to USD 170.00bn, from USD 138.62bn.

Year ended 31 Dec 2025. Source: 10-K filed 25 Feb 2026, read it on SEC EDGAR.

USD 20.41bn to USD 24.22bn

Revenue, up 18.7% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue20.41bn24.22bnUp 18.7%
Net income6.37bn5.55bnDown 12.8%
Total assets138.62bn170.00bnUp 22.6%
Total liabilities89.26bn108.46bnUp 21.5%
Long-term debt12.31bn12.77bnUp 3.7%
Cash and cash equivalents12.76bn11.47bnDown 10.1%
Shareholders' equity47.49bn55.89bnUp 17.7%

Questions people ask

Did BlackRock, Inc.'s revenue grow last year?

Revenue grew 18.7%, from USD 20.41bn to USD 24.22bn in the year ended 31 Dec 2025.

Is BlackRock, Inc. profitable?

Yes. Net income was USD 5.55bn in the year ended 31 Dec 2025. The year before: USD 6.37bn.

How much cash and debt does BlackRock, Inc. have?

At its latest year end (31 Dec 2025), BlackRock, Inc. reported cash and cash equivalents of USD 11.47bn and long-term debt of USD 12.77bn.

Where do these numbers come from?

From BlackRock, Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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BlackRock, Inc. (BLK) 10-K: what changed year on year | LYNORIQ Insights