BlackRock, Inc. · BLK

How BlackRock makes money

BlackRock brought in $24.2 billion in revenue in 2025 and kept $5.6 billion as profit: $22.93 of every $100. Its biggest source of money was Fund management fees, at $19.2 billion (79% of the total).

From BlackRock's Form 10-K for the year ended December 31, 2025. Page updated November 8, 2026.

Revenue$24.2 billion2025

Operating profit$7.0 billion29.1% of revenue

Net profit$5.6 billion$22.93 of every $100

Employees24,900$972,530 revenue each

Out of every $100 BlackRock took in, it kept

$22.93profit

Kept $22.93Everything else $77.07

$0$100 in sales

Where BlackRock's money comes from. 4 lines in its 10‑K.

Fund management feesFees on money in its funds and ETFs$19.2B79% of total

Technology (Aladdin)Software sold to other investors$2.0B8% of total

Performance feesFor beating targets$1.4B6% of total

Distribution fees$1.4B6% of total

4 years of BlackRock's revenue and profit.

$17.9B

$20.4B

$24.2B

2022$5.2B2023$5.5B2024$6.4B2025$5.6B

Revenue (on top of each bar)Net profit (under each year)

Fiscal years as BlackRock reports them; the latest ended December 31, 2025. Profit is net income.

Quick answers about BlackRock.

How does BlackRock make money?

BlackRock charges small fees on the trillions of dollars it manages in funds and ETFs like iShares, plus its Aladdin software. The biggest line in its latest 10-K is Fund management fees ($19.2 billion).

How much money does BlackRock make a year?

$24.2 billion in revenue in 2025, and $5.6 billion in net profit. That's up 19% from the year before.

Is BlackRock profitable?

Yes. BlackRock made $5.6 billion in net profit in 2025, which is $22.93 of every $100 it took in.

How many employees does BlackRock have?

About 24,900 employees as of December 31, 2025. That works out to $972,530 in revenue per employee.

Is BlackRock growing?

Yes. Revenue went from $17.9 billion in 2022 to $24.2 billion in 2025, up 35%.

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Source: BlackRock, Inc., annual report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 25, 2026.

Revenue, profit and the breakdowns are the numbers the company reported in that filing (its XBRL data). Profit means net income; "operating profit" means operating income. Nothing on this page is estimated.