BlackRock (BLK) Operating Expenses (2023 - 2026)

BlackRock (BLK) has reported Operating Expenses for 4 consecutive years, with $4.6 billion the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses rose 25.22% year-over-year to $4.6 billion in Q2 2026; TTM through Jun 2026 was $18.4 billion, a 30.9% increase from a year earlier, with the FY2025 full-year figure at $17.2 billion, up 33.8% from the prior year.
• Operating Expenses was $4.6 billion for Q2 2026 at BlackRock, up from $3.9 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $5.3 billion in Q4 2025 and troughed at $2.9 billion in Q3 2023.
• A 4-year average of $3.7 billion and a median of $3.6 billion in 2024 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses jumped 48.45% in 2025 and increased 8.55% in 2026, its largest moves.
• Over 4 years, Operating Expenses stood at $3.0 billion in 2023, then rose by 18.25% to $3.6 billion in 2024, then jumped by 48.45% to $5.3 billion in 2025, then slipped by 13.54% to $4.6 billion in 2026.
• The last three Operating Expenses figures came in at $4.6 billion (Q2 2026), $3.9 billion (Q1 2026), and $5.3 billion (Q4 2025), per Business Quant data.