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BlackRock (BLK) Operating Expenses (2023 - 2025)

BlackRock (BLK) has disclosed Operating Expenses for 3 consecutive years, with $5.3 billion as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 48.45% to $5.3 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $17.2 billion through Dec 2025, up 33.8% year-over-year, with the annual reading at $17.2 billion for FY2025, 33.8% up from the prior year.
  • Operating Expenses for Q4 2025 was $5.3 billion at BlackRock, up from $4.6 billion in the prior quarter.
  • The five-year high for Operating Expenses was $5.3 billion in Q4 2025, with the low at $2.9 billion in Q3 2023.
  • Average Operating Expenses over 3 years is $3.6 billion, with a median of $3.4 billion recorded in 2024.
  • The sharpest move saw Operating Expenses increased 10.61% in 2024, then soared 48.45% in 2025.
  • Over 3 years, Operating Expenses stood at $3.0 billion in 2023, then rose by 18.25% to $3.6 billion in 2024, then skyrocketed by 48.45% to $5.3 billion in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $5.3 billion, $4.6 billion, and $3.7 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.