BLK: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	24.22bn	20.41bn
Selling, general and administrative	2.73bn	2.26bn
Operating expenses	17.17bn	12.83bn
Operating income	7.05bn	7.57bn
Pre-tax income	7.62bn	8.30bn
Income tax	1.68bn	1.78bn
Net income	5.55bn	6.37bn
Earnings per share	35.83	42.45
Earnings per share, diluted	35.31	42.01
Weighted average shares	155m	150m
Weighted average shares, diluted	161m	152m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	9.84bn	11.47bn	9.98bn	9.48bn	7.75bn	12.76bn	14.05bn	10.25bn
Receivables	5.22bn	5.16bn	4.80bn	4.35bn	4.28bn	4.30bn	4.39bn	—
Property, plant and equipment	1.28bn	1.26bn	1.23bn	1.16bn	1.12bn	1.10bn	1.08bn	—
Goodwill	35.30bn	35.28bn	35.36bn	28.33bn	28.30bn	25.95bn	15.67bn	—
Total assets	170.24bn	170.00bn	162.68bn	146.47bn	141.94bn	138.62bn	132.82bn	—
Long-term debt	12.75bn	12.77bn	12.77bn	12.76bn	12.35bn	12.31bn	12.37bn	—
Total liabilities	106.92bn	108.46bn	100.83bn	94.87bn	91.75bn	89.26bn	89.19bn	—
Equity	56.69bn	55.89bn	55.52bn	49.31bn	48.21bn	47.50bn	41.35bn	40.27bn
Shares outstanding	155m	155m	155m	155m	155m	155m	148m	—
Shares issued	156m	156m	156m	156m	156m	155m	172m	—
Treasury shares	911,324	1m	1m	1m	1m	370,357	24m	—

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	3.93bn	4.96bn
Depreciation and amortisation	1.13bn	529m
Share-based compensation	1.31bn	753m
Capital expenditure	375m	255m
Investing cash flow	−4.42bn	−3.00bn
Dividends paid	—	3.10bn
Share buybacks	—	1.93bn
Financing cash flow	−1.13bn	2.24bn