BlackRock, Inc. splits its revenue into 5 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Investment Advice at $19.2 billion, 79% of the total.
USD in millions. The percent under a figure is the change from the year before.
| Line |
FY 2026
Sep 30, 2026
|
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
|---|---|---|---|
| Revenue |
28,542
|
24,216
|
20,407
|
| Investment Advice |
22,478
+22.7%
share 78.8%
|
19,179
+19.1%
share 79.2%
|
16,100
share 78.9%
|
| Technology Services And Subscription Revenue |
2,215
+17.9%
share 7.8%
|
1,981
+23.6%
share 8.2%
|
1,603
share 7.9%
|
| Investment Performance |
1,961
+74.9%
share 6.9%
|
1,424
+18.0%
share 5.9%
|
1,207
share 5.9%
|
| Distribution And Shareholder Service |
1,557
+18.1%
share 5.5%
|
1,355
+6.4%
share 5.6%
|
1,273
share 6.2%
|
| Other services |
331
+32.4%
share 1.2%
|
277
+23.7%
share 1.1%
|
224
share 1.1%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.
Company profile
- Industry
- Security Brokers, Dealers & Flotation Companies (SIC 6211)
- Listed as
- BLK (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- New York, NY
- SEC filer status
- Large accelerated filer
- SEC CIK
- 2012383
- Former names
- BlackRock, Inc. (until Nov 4, 2026); BlackRock Funding, Inc. /DE (until Oct 1, 2024)
Other Security Brokers, Dealers & Flotation Companies companies
- Morgan Stanley MS
- Goldman Sachs Group Inc GS
- Schwab Charles Corp SCHW
- Interactive Brokers Group, Inc. IBKR
- Robinhood Markets, Inc. HOOD
- Raymond James Financial Inc RJF
- Nomura Holdings Inc NMR
- Futu Holdings Ltd FUTU
All 34 Security Brokers, Dealers & Flotation Companies companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.