BlackRock Cash Flow Statement
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
BlackRock free cash flow
In fiscal 2025, BlackRock generated $3.93 billion of operating cash flow and spent $375.0 million on capital expenditures. That left free cash flow of $3.55 billion, a free-cash-flow margin of 14.7% of revenue. Free cash flow was down 24.4% from the prior year's $4.70 billion.
Summary generated from market data by MetaCap's automated system. Methodology
BlackRock cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 |
|---|---|---|---|---|
| Net Income | 5.94B | 6.51B | 5.68B | 4.99B |
| Net Income growth (YoY) | -8.75% | +14.73% | +13.66% | — |
| Depreciation & Amortization | 1.13B | 529.00M | 427.00M | 418.00M |
| Stock-Based Compensation | 1.31B | 753.00M | 630.00M | 708.00M |
| Change in Working Capital | -1.04B | -249.00M | -563.00M | -382.00M |
| Operating Cash Flow | 3.93B | 4.96B | 4.17B | 4.96B |
| Capital Expenditures | -375.00M | -255.00M | -344.00M | -533.00M |
| Investing Cash Flow | -4.42B | -3.00B | -959.00M | -1.13B |
| Dividends Paid | — | -3.10B | -3.04B | -2.99B |
| Share Repurchases | — | -1.93B | -1.88B | -2.33B |
| Debt Issued | 1.08B | 5.47B | 1.24B | 0 |
| Debt Repaid | -796.00M | -1.00B | 0 | -750.00M |
| Financing Cash Flow | -1.13B | 2.24B | -1.99B | -5.44B |
| Net Change in Cash | -1.29B | 4.03B | 1.32B | -1.91B |
| Free Cash Flow | 3.55B | 4.70B | 3.82B | 4.42B |
This table shows 4 annual periods of BlackRock's cash flow statement, from FY 2025 back to FY 2022, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow BLK's reporting calendar. What is a cash flow statement?