BlackRock (BLK) Operating Expenses (2023 - 2026)

BlackRock (BLK) has 4 years of Operating Expenses data on file, last reported at $3.9 billion in Q1 2026.

• Quarterly Operating Expenses rose 8.55% year-over-year to $3.9 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $17.5 billion (up 30.66% YoY) and the FY2025 annual result came in at $17.2 billion, up 33.8% from the prior year.
• Operating Expenses eased to $3.9 billion in Q1 2026 per BLK's latest filing, from $5.3 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $5.3 billion in Q4 2025 and bottomed at $2.9 billion in Q3 2023.
• The 4-year median for Operating Expenses is $3.6 billion (2025), against an average of $3.6 billion.
• The widest annual swing landed in 2025, when Operating Expenses soared 48.45%; it then grew 8.55% in 2026.
• Tracing BLK's Operating Expenses over 4 years: stood at $3.0 billion in 2023, then increased by 18.25% to $3.6 billion in 2024, then soared by 48.45% to $5.3 billion in 2025, then dropped by 27.36% to $3.9 billion in 2026.
• Per Business Quant, the three latest BLK Operating Expenses figures stand at $3.9 billion (Q1 2026), $5.3 billion (Q4 2025), and $4.6 billion (Q3 2025).

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