BlackRock (BLK) Capital Expenditures (2023 - 2026)
BlackRock (BLK) posted quarterly Capital Expenditures of $106.0 million for Q1 2026, up 35.9% year-over-year from $78.0 million in Q1 2025, and down 18.46% quarter-over-quarter from $130.0 million in Q4 2025.
BlackRock (BLK) Capital Expenditures (2023 - 2026) Analysis & Trends
BlackRock (BLK) has reported Capital Expenditures for 4 consecutive years, with $106.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Capital Expenditures rose 35.9% year-over-year to $106.0 million; the TTM figure through Mar 2026 stood at $403.0 million (up 49.81% YoY), while the FY2025 annual figure was $375.0 million, up 47.06% from the prior year.
- Capital Expenditures retreated to $106.0 million in Q1 2026 per BLK's latest filing, from $130.0 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $130.0 million in Q4 2025 and bottomed at $7.0 million in Q2 2024.
- Historically, Capital Expenditures has averaged $86.0 million across 4 years, with a median of $89.5 million in 2024.
- Annual changes were most pronounced in 2024 — Capital Expenditures declined 27.42% — and 2025, when it surged 1171.43%.
- BlackRock's Capital Expenditures stood at $124.0 million in 2023, then slipped by 27.42% to $90.0 million in 2024, then surged by 44.44% to $130.0 million in 2025, then slipped by 18.46% to $106.0 million in 2026.
- Business Quant data shows BLK's Capital Expenditures at $106.0 million in Q1 2026, $130.0 million in Q4 2025, and $78.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 178.15 Bn | 164.28 Bn | - | 109.00 Mn |
| 2 | Blackstone | 114.20 Bn | 111.70 Bn | - | 31.96 Mn |
| 3 | Kkr | 96.55 Bn | -180.52 Bn | - | 48.57 Mn |
| 4 | Brookfield | 93.56 Bn | 46.15 Bn | - | - |
| 5 | Brookfield Asset Management | 83.29 Bn | 81.79 Bn | - | 10.00 Mn |
| 6 | Apollo Global Management | 77.87 Bn | 52.50 Bn | 10.54 Bn | - |
| 7 | State Street | 51.56 Bn | 51.56 Bn | - | 675.00 Mn |
| 8 | Ameriprise Financial | 50.85 Bn | 39.81 Bn | 4.72 Bn | 37.00 Mn |
| 9 | Northern Trust | 33.99 Bn | 33.99 Bn | - | 129.10 Mn |
| 10 | Raymond James Financial | 33.68 Bn | 20.43 Bn | - | 62.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 109.00 Mn |
| Jun 30, 2026 | 109.00 Mn |
| Mar 31, 2026 | 106.00 Mn |
| Mar 31, 2026 | 106.00 Mn |
| Dec 31, 2025 | 130.00 Mn |
| Dec 31, 2025 | 130.00 Mn |
| Sep 30, 2025 | 78.00 Mn |
| Sep 30, 2025 | 78.00 Mn |
| Jun 30, 2025 | 89.00 Mn |
| Jun 30, 2025 | 89.00 Mn |
| Mar 31, 2025 | 78.00 Mn |
| Mar 31, 2025 | 78.00 Mn |
| Dec 31, 2024 | 90.00 Mn |
| Dec 31, 2024 | 90.00 Mn |
| Sep 30, 2024 | 94.00 Mn |
| Sep 30, 2024 | 94.00 Mn |
| Jun 30, 2024 | 7.00 Mn |
| Jun 30, 2024 | 7.00 Mn |
| Mar 31, 2024 | 64.00 Mn |
| Mar 31, 2024 | 64.00 Mn |