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% quarter-over-quarter from $2.1 billion in Q4 2025.

BlackRock (BLK) Free Cash Flow (2023 - 2026) Analysis & Trends

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

  • Free Cash Flow for Q1 2026 came in at -$1.1 billion, up 9.95% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.7 billion (down 7.44% YoY), and the FY2025 annual result was $3.6 billion, down 24.44% from the prior year.
  • Free Cash Flow slipped to -$1.1 billion in Q1 2026 per BLK's latest filing, from $2.1 billion in the prior quarter.
  • Over five years, Free Cash Flow peaked at $2.5 billion in Q4 2024 and troughed at -$1.2 billion in Q1 2025.
  • A 4-year average of $904.1 million and a median of $1.3 billion in 2024 frame the typical range for Free Cash Flow.
  • The sharpest annual moves came in 2024 and 2025: Free Cash Flow surged 34.9% in 2024, then slumped 155.51% in 2025.
  • A 4-year view of Free Cash Flow shows it stood at $1.9 billion in 2023, then surged by 34.9% to $2.5 billion in 2024, then dropped by 15.07% to $2.1 billion in 2025, then slumped by 150.58% to -$1.1 billion in 2026.
  • Business Quant data shows BLK's Free Cash Flow at -$1.1 billion in Q1 2026, $2.1 billion in Q4 2025, and $1.3 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -1.09 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 957.64 Mn
3 Kkr 86.45 Bn 133.96 Bn - 1.72 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 1.62 Bn
5 State Street 46.95 Bn 21.27 Bn - -12.41 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 430.00 Mn
7 Northern Trust 31.92 Bn 31.92 Bn - -329.40 Mn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 1.05 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 390.87 Mn
10 Principal Financial 23.79 Bn 20.28 Bn -463.00 Mn 153.30 Mn

Historic Data

Download Data
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