KPIs & Operating Metrics(New)
Growth Metrics

BlackRock (BLK) Free Cash Flow (2023 - 2026)

BlackRock (BLK) reported Free Cash Flow of -$1.1 billion for Q1 2026, up 9.95% year-over-year from -$987.7 million in Q1 2025, and down 150.58% on a QoQ basis from $2.1 billion in Q4 2025.

BlackRock (BLK) has 4 years of Free Cash Flow data on file, last reported at -$1.1 billion in Q1 2026.

  • Quarterly Free Cash Flow rose 9.95% year-over-year to -$1.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.7 billion (down 7.44% YoY) and the FY2025 annual result came in at $3.6 billion, down 24.44% from the prior year.
  • Free Cash Flow eased to -$1.1 billion in Q1 2026 per BLK's latest filing, from $2.1 billion in the prior quarter.
  • Across five years, Free Cash Flow topped out at $2.5 billion in Q4 2024 and bottomed at -$1.2 billion in Q1 2025.
  • The 4-year median for Free Cash Flow is $1.3 billion (2024), against an average of $904.1 million.
  • The widest annual swing landed in 2024, when Free Cash Flow soared 34.9%; it then plunged 155.51% in 2025.
  • Tracing BLK's Free Cash Flow over 4 years: stood at $1.9 billion in 2023, then soared by 34.9% to $2.5 billion in 2024, then decreased by 15.07% to $2.1 billion in 2025, then plunged by 150.58% to -$1.1 billion in 2026.
  • Per Business Quant, the three latest BLK Free Cash Flow figures stand at -$1.1 billion (Q1 2026), $2.1 billion (Q4 2025), and $1.3 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -1.09 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 957.64 Mn
3 Kkr 84.94 Bn 132.45 Bn - 1.72 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 332.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 1.62 Bn
6 State Street 44.42 Bn 18.75 Bn - -12.41 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 430.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - -329.40 Mn
9 Ares Management 28.85 Bn 32.22 Bn - 390.87 Mn
10 Raymond James Financial 28.62 Bn 17.38 Bn - 1.05 Bn

Historic Data

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DateValue
Mar 31, 2026 -1.09 Bn
Mar 31, 2026 -1.09 Bn
Dec 31, 2025 2.15 Bn
Dec 31, 2025 2.15 Bn
Sep 30, 2025 1.34 Bn
Sep 30, 2025 1.34 Bn
Jun 30, 2025 1.28 Bn
Jun 30, 2025 1.28 Bn
Mar 31, 2025 -1.21 Bn
Mar 31, 2025 -1.21 Bn
Dec 31, 2024 2.53 Bn
Dec 31, 2024 2.53 Bn
Sep 30, 2024 1.29 Bn
Sep 30, 2024 1.29 Bn
Jun 30, 2024 1.36 Bn
Jun 30, 2024 1.36 Bn
Mar 31, 2024 -472.00 Mn
Mar 31, 2024 -472.00 Mn
Dec 31, 2023 1.87 Bn
Dec 31, 2023 1.87 Bn