| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 2,326 | 1,235 | 1,527 | 1,665 |
| Depreciation and amortization | 380 | 369 | 346 | 217 |
| Impairment of intangible assets | NaN | 0 | 0 | NaN |
| Noncash lease expense | 43 | 44 | 35 | 35 |
| Stock-based compensation | 319 | 421 | 419 | 226 |
| Deferred income tax expense (benefit) | 60 | -393 | -160 | -93 |
| Charitable contribution | NaN | 109 | NaN | NaN |
| Change in fair value of contingent consideration | 549 | -455 | -93 | -76 |
| Other investment gains | 22 | -71 | -73 | 397 |
| Net (gains) losses within cips | 23 | 61 | 236 | 170 |
| Net (purchases) proceeds within cips | -1,669 | -870 | -1,360 | -886 |
| (earnings) losses from equity method investees | 46 | 3 | -45 | 42 |
| Distributions of earnings from equity method investees | 9 | 274 | 8 | 133 |
| Accounts receivable | 111 | 354 | 379 | 9 |
| Investments, trading | -198 | -54 | -61 | -66 |
| Other assets | 3,453 | -1,944 | 186 | -974 |
| Accrued compensation and benefits | -2,256 | 1,050 | 795 | 608 |
| Accounts payable and accrued liabilities | 340 | 96 | -203 | 98 |
| Other liabilities | 3,474 | -2,164 | 536 | -1,137 |
| Net cash provided by/(used in) operating activities | -980 | 2,277 | 1,414 | 1,364 |
| Purchases of investments | 313 | 240 | 710 | 136 |
| Proceeds from sales and maturities of investments | 69 | 77 | 237 | 79 |
| Distributions of capital from equity method investees | 90 | 93 | 35 | 249 |
| Net consolidations (deconsolidations) of sponsored investment funds | 5 | 12 | 17 | 67 |
| Acquisitions, net of cash acquired | 15 | 0 | 390 | -17 |
| Purchases of property and equipment | 106 | 130 | 78 | 89 |
| Net cash provided by/(used in) investing activities | -280 | -212 | -923 | 53 |
| Repayments of long-term borrowings | NaN | 0 | 0 | 796 |
| Proceeds from long-term borrowings | NaN | 0 | 0 | 1,080 |
| Cash dividends paid | NaN | NaN | NaN | 808 |
| Dividends/subco distributions paid | 973 | 850 | 2,497 | NaN |
| Proceeds from stock options exercised | 74 | 14 | 55 | 47 |
| Repurchases of common stock | NaN | NaN | NaN | 396 |
| Shares/subco units repurchased | 810 | 514 | 1,437 | NaN |
| Net proceeds from (repayments of) borrowings by cips | 193 | -68 | -15 | -5 |
| Net subscriptions received/(redemptions/distributions paid) from noncontrolling interest holders | 1,218 | 827 | 1,284 | 905 |
| Other financing activities | -6 | 3 | 7 | -1 |
| Net cash provided by/(used in) financing activities | -304 | -588 | 96 | 26 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -63 | 12 | -81 | 288 |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | -1,627 | 1,489 | 506 | 1,731 |
| Cash, cash equivalents and restricted cash, beginning of period | 11,490 | 10,001 | 9,495 | 7,764 |
| Cash, cash equivalents and restricted cash, end of period | 9,863 | 11,490 | 10,001 | 9,495 |
BlackRock, Inc. (BLK)
BlackRock, Inc. (BLK)