BlackRock, Inc.

LSE:0QZZ.LFinancial Services

——At close · Market cap —

0QZZ.L · Income statement · TradingHolo

USD billions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Revenue	16.9	14.8	12.7	17.9	22.3	24.9	+11.8%
Cost of revenue	3.4	4.1	4.0	9.2	4.6	7.0	+52.6%
Gross profit	13.6	10.7	8.8	8.7	17.7	18.0	+1.2%
Research & development	0.0	0.0	0.0	0.6	0.0	0.0	—
Selling, general & administrative	2.4	2.2	2.1	2.1	1.9	0.0	−100.0%
Selling & marketing	0.2	0.2	0.3	0.2	0.3	0.0	−100.0%
Operating expenses	2.6	2.4	2.3	2.4	9.6	9.4	−2.2%
Operating income	6.7	8.3	6.5	6.3	8.1	8.6	+5.4%
Interest expense	0.2	0.2	0.2	0.3	0.0	0.6	—
Interest income	0.1	0.1	0.2	0.5	0.8	0.6	−27.8%
Other income / expense	(0.2)	(0.2)	(0.2)	0.9	0.2	(0.9)	−635.4%
Pre-tax income	6.5	8.2	6.3	7.2	8.3	7.6	−8.1%
Income tax	1.2	2.0	1.3	1.5	1.8	1.7	−5.9%
Net income	4.9	5.9	5.2	5.5	6.4	5.6	−12.8%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—
EPS, basic (per share)	32.13	38.76	34.31	36.85	42.45	35.83	−15.6%
EPS, diluted (per share)	31.85	38.22	33.97	36.51	42.01	35.31	−15.9%
EBITDA	7.2	8.9	7.0	6.8	8.6	9.4	+8.2%
Depreciation & amortization	0.5	0.5	0.6	0.4	0.5	1.1	+112.9%
Weighted average shares (shares)	153,489,422	152,236,047	150,921,161	149,327,558	150,042,269	155,000,000	+3.3%
Weighted average diluted shares (shares)	154,840,582	154,404,357	152,440,471	150,706,451	151,615,085	160,900,000	+6.1%
Gross margin	80.2%	72.5%	68.8%	48.7%	79.5%	72.0%	−7.5 pts
Operating margin	39.6%	56.5%	50.7%	35.1%	36.4%	34.3%	−2.1 pts
Net margin	29.1%	40.0%	40.7%	30.8%	28.6%	22.3%	−6.3 pts

USD billionsUpdated Tue 31 Mar ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.