BlackRock, Inc.
BLKNYSE
$1,130.00
Last price · USD
- Market cap
- $181.8B
- P/E
- 32.0x
- EV / EBITDA
- 22.9x
- P/S
- 7.5x
- FCF yield
- 2.0%
- Div. yield
- 1.84%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
BlackRock, Inc. cash flow statement
Annual · USD millions except per-share data · 34 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 5,942 | 6,512 | 5,676 | 4,994 | 6,205 | -1.1% | |
| Depreciation & amortization | 1,126 | 529 | 427 | 418 | 415 | +28.3% | |
| Deferred income tax | (631) | (106) | 124 | 602 | (865) | — | |
| Stock-based compensation | 1,307 | 753 | 630 | 708 | 734 | +15.5% | |
| Change in working capital | (189) | 176 | (346) | (897) | 658 | — | |
| Accounts receivables | (619) | (443) | (586) | 416 | (322) | — | |
| Other working capital | 430 | 619 | 240 | (1,313) | 980 | -18.6% | |
| Other non-cash items | (3,628) | (2,908) | (2,346) | (869) | (2,203) | — | |
| Net cash from operating activities | 3,927 | 4,956 | 4,165 | 4,956 | 4,944 | -5.6% | |
| Operating cash flow | 3,927 | 4,956 | 4,165 | 4,956 | 4,944 | -5.6% | |
| Investing activities | |||||||
| Investments in PP&E | (375) | (255) | (344) | (533) | (341) | — | |
| Capital expenditure | (375) | (255) | (344) | (533) | (341) | — | |
| Acquisitions, net | (3,496) | (2,936) | (189) | 0 | (1,106) | — | |
| Purchases of investments | (1,481) | (945) | (872) | (909) | (1,014) | — | |
| Sales / maturities of investments | 544 | 766 | 400 | 242 | 429 | +6.1% | |
| Other investing activities | 390 | 366 | 46 | 70 | 95 | +42.3% | |
| Net cash from investing activities | (4,418) | (3,004) | (959) | (1,130) | (1,937) | — | |
| Financing activities | |||||||
| Net debt issuance | 172 | 4,416 | 1,179 | (776) | 273 | -10.9% | |
| Long-term net debt issuance | 172 | 4,416 | 1,179 | (776) | 273 | -10.9% | |
| Net stock issuance | (1,784) | (1,930) | (1,884) | (2,332) | (1,485) | — | |
| Common stock issuance | 167 | 0 | 0 | 0 | 0 | — | |
| Common stock repurchased | (1,951) | (1,930) | (1,884) | (2,332) | (1,485) | — | |
| Net common stock issuance | (1,784) | (1,930) | (1,884) | (2,332) | (1,485) | — | |
| Common dividends paid | (3,347) | (3,101) | (3,035) | (2,990) | (2,547) | — | |
| Net dividends paid | (3,347) | (3,101) | (3,035) | (2,990) | (2,547) | — | |
| Other financing activities | 3,832 | 2,851 | 1,748 | 656 | 1,472 | +27.0% | |
| Net cash from financing activities | (1,127) | 2,236 | (1,992) | (5,442) | (2,287) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | 324 | (162) | 106 | (291) | (61) | — | |
| Net change in cash | (1,294) | 4,026 | 1,320 | (1,907) | 659 | — | |
| Cash at beginning of period | 12,762 | 8,753 | 7,433 | 9,340 | 8,681 | +10.1% | |
| Cash at end of period | 11,468 | 12,779 | 8,753 | 7,433 | 9,340 | +5.3% | |
| Free cash flow | 3,552 | 4,701 | 3,821 | 4,423 | 4,603 | -6.3% | |
| Income taxes paid | 0 | 1,699 | 1,392 | 1,067 | 2,720 | — | |
| Interest paid | 0 | 289 | 200 | 177 | 189 | — | |