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BlackRock, Inc. Total Operating Expenses 2022-2026 | BLK

Annual FY2022–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$17.17B

+33.8%YoY vs FY2024Source: 10-KFY2025

From $11.49B in FY2022 to $17.17B in FY2025: 1.5× in 3 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$3.9B+8.6%Not reportedNot reportedNot reported
FY25$3.6B+17.9%$3.7B+22.9%$4.6B+42.7%$5.3B+48.4%
FY24$3.0B$3.0B$3.2B+10.6%$3.6B
FY23Not reportedNot reported$2.9BNot reported
Share22%22%26%30%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionGrowing
CAGR

+14.3%

FY2022
$11.49B
FY2025
$17.17B

3 years selected · on the chart

Total Operating Expenses History

Year-over-year comparison from 10-K annual reports

  1. $17.17B
YoY changeLargest recent move+10.8%in FY24Latest +33.8%

Total Operating Expenses, period by period

PeriodValueChangeSource
FY2025$17.17B+33.8%10-K
FY2024$12.83B+10.8%10-K
FY2023$11.58B+0.8%10-K
FY2022$11.49B—10-K

What is total operating expenses?

Total operating expenses include all costs related to running the core business, including cost of goods sold, R&D, and SG&A.

What is BlackRock, Inc.'s current total operating expenses?

BlackRock, Inc. (BLK) annual total operating expenses for 2025 was $17.17B, a 33.80% increase from 2024. BlackRock, Inc. total operating expenses for the quarter ending March 31, 2026 was $3.88B.

What was BlackRock, Inc.'s total operating expenses in 2024?

BlackRock, Inc. annual total operating expenses for 2024 was $12.83B, a 10.78% increase from 2023.

What was BlackRock, Inc.'s total operating expenses in 2023?

BlackRock, Inc. annual total operating expenses for 2023 was $11.58B, a 0.84% increase from 2022.

What is BlackRock, Inc.'s 3-year total operating expenses CAGR?

BlackRock, Inc. total operating expenses grew at a compound annual growth rate (CAGR) of 14.34% from FY2022 to FY2025, going from $11.49B to $17.17B over 3 years.

Company
BlackRock, Inc.
Ticker
BLK
Sector
Other
Industry
Security Brokers, Dealers & Flotation Companies