BlackRock (BLK) FY2024 results: revenue $20.4 billion, up 14.3% on the year
BlackRock, Inc. (BLK) reported revenue of $20.4 billion for fiscal 2024, the year ended 31 December 2024, up 14.3% on the year before. Net income was $6.4 billion, up 15.8%, and diluted earnings per share $42.01. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$20.4 billion
+14.3% on the year
FY2017FY2024
Operating margin
37.1%
35.1% a year earlier
FY2017FY2024
Net income
$6.4 billion
+15.8% on the year
FY2017FY2024
Diluted EPS
$42.01
+15.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,956
4,165
4,956
+19.0%
Capital expenditure
255
344
533
-25.9%
Free cash flow
4,701
3,821
4,423
+23.0%
Free cash flow margin
23.0%
21.4%
24.7%
Cash from investing
-3,004
-959
-1,130
Cash from financing
2,236
-1,992
-5,442
Depreciation and amortisation
270
263
251
+2.7%
Share-based compensation
753
630
708
+19.5%
Buybacks
1,930
1,884
2,332
+2.4%
Dividends paid
3,101
3,035
2,990
+2.2%
Dividend per share
$20.40
$20.00
$19.52
+2.0%
Diluted shares, weighted
152m
151m
152m
+0.6%
Shares outstanding at period end
155m
149m
150m
+4.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
47,495
39,347
37,744
+20.7%
Non-controlling interest
169
153
132
+10.5%
Redeemable equity
1,691
1,740
909
-2.8%
Debt
12,314
7,918
6,654
+55.5%
Other liabilities
76,946
74,053
72,189
+3.9%
Total liabilities and equity
138,615
123,211
117,628
+12.5%
Fixed assets
1,103
1,112
1,031
-0.8%
Goodwill
25,949
15,524
15,341
+67.2%
Intangible assets
20,743
18,258
18,302
+13.6%
Securities held for sale or to maturity
547
617
544
-11.3%
Cash and equivalents
12,762
8,736
7,416
+46.1%
Other assets
77,511
78,964
74,994
-1.8%
Total assets
138,615
123,211
117,628
+12.5%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.