BlackRock (BLK) Revenue — Quarter Ended Dec 31, 2025
Revenue for the quarter increased compared to the prior quarter and rose sharply versus the same quarter last year. The sequential gain was driven by higher base and performance fees, along with technology services and subscription revenue.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue for the quarter increased compared to the prior quarter and rose sharply versus the same quarter last year. The sequential gain was driven by higher base and performance fees, along with technology services and subscription revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7B
Revenue reported for this quarter.
Quarter-over-quarter
+7.7%
Change from the immediately preceding quarter.
Year-over-year
+23.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2025 | $5.3B | +11.6% |
| Jun 30, 2025 | $5.4B | +12.9% |
| Sep 30, 2025 | $6.5B | +25.2% |
| Dec 31, 2025 | $7B | +23.4% |
Revenue performance
Reported revenue moved higher from the immediately preceding quarter, continuing the upward trend seen throughout the fiscal year. The year-over-year comparison also showed a strong increase.
Quarterly comparison
Compared to the prior quarter, revenue improved, and the year-ago comparison reflected a substantial gain. The trailing twelve-month revenue was materially higher than the current quarter alone.
What to watch
Monitor the impact of recent acquisitions on future revenue growth and margin trends.