BlackRock (BLK) Releases Q4 2025 Earnings: Revenue Up but EPS Miss; Profit and Cash Flow Weak

BlackRock Inc. (BLK) — Q4 2025 Results

BlackRock reported fourth-quarter 2025 revenue of $7.01 billion, up 23.45% year‑over‑year and above the consensus revenue estimate of $6.81 billion.

Total revenue: $7.01 billion (+23.45% YoY)

Cost of sales: $5.04 billion (+29.89% YoY)

Gross profit: $1.97 billion (+9.56% YoY)

Operating profit: $1.66 billion (-19.95% YoY)

Net income attributable to common shareholders: $1.13 billion (-32.51% YoY)

Diluted earnings per share were $7.26, down 31.72% year‑over‑year and below the estimated $12.41.

Cash from operating activities: $1.41 billion (-45.99% YoY)

Purchases of property, plant and equipment: $78 million (-13.33% YoY)

Cash and cash equivalents: $9.98 billion (-21.81% YoY)

Total liabilities: $100.83 billion (+12.96% YoY)

Cost of sales growth outpaced revenue growth, contributing to margin pressure.

Significant declines in operating profit, net income and operating cash flow highlight near‑term profitability and cash‑generation challenges.

Top‑line strength was the quarter’s main positive, while earnings and cash flow metrics showed notable weakness.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

BlackRock Inc. Insider Trading Activity

BlackRock Inc. insiders have traded $BLK stock on the open market 37 times in the past 6 months. Of those trades, 0 have been purchases and 37 have been sales.

Here’s a breakdown of recent trading of $BLK stock by insiders over the last 6 months:

RACHEL LORD (Senior Managing Director) has made 0 purchases and 16 sales selling 30,036 shares for an estimated $34,281,801.
LAURENCE FINK (Chairman and CEO) has made 0 purchases and 16 sales selling 26,882 shares for an estimated $30,207,026.
J. RICHARD KUSHEL (Senior Managing Director) has made 0 purchases and 2 sales selling 17,142 shares for an estimated $19,207,562.
FABRIZIO FREDA has made 0 purchases and 2 sales selling 4,434 shares for an estimated $4,978,539.
MARTIN SMALL (CFO & Senior Managing Director) sold 1,258 shares for an estimated $1,312,572

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

BlackRock Inc. Hedge Fund Activity

We have seen 872 institutional investors add shares of BlackRock Inc. stock to their portfolio, and 784 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 820,298 shares (+59.0%) to their portfolio in Q3 2025, for an estimated $956,360,829
VIKING GLOBAL INVESTORS LP added 424,388 shares (+217.5%) to their portfolio in Q3 2025, for an estimated $494,781,237
CITIGROUP INC removed 382,106 shares (-53.1%) from their portfolio in Q3 2025, for an estimated $445,485,922
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 337,108 shares (+42.5%) to their portfolio in Q3 2025, for an estimated $393,024,103
MILLENNIUM MANAGEMENT LLC added 328,767 shares (+1307.0%) to their portfolio in Q3 2025, for an estimated $383,299,582
FIRST TRUST ADVISORS LP removed 251,156 shares (-46.2%) from their portfolio in Q3 2025, for an estimated $292,815,245
PARKSIDE FINANCIAL BANK & TRUST added 244,253 shares (+29043.2%) to their portfolio in Q3 2025, for an estimated $284,767,245

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

BlackRock Inc. Government Contracts

We have seen $1,387,500 of award payments to $BLK over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

INVESTMENT RISK MANAGEMENT SYSTEM: $1,387,500

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

BlackRock Inc. Congressional Stock Trading

Members of Congress have traded $BLK stock 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $BLK stock by members of Congress over the last 6 months:

REPRESENTATIVE LISA C. MCCLAIN sold up to $15,000 on 10/14.
REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.
REPRESENTATIVE RICHARD MCCORMICK sold up to $15,000 on 09/18.
REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 08/18.
REPRESENTATIVE JULIE JOHNSON has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 08/11, 07/22.
SENATOR SHELLEY MOORE CAPITO sold up to $15,000 on 08/04.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

BlackRock Inc. Analyst Ratings

Wall Street analysts have issued reports on $BLK in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Morgan Stanley issued a "Overweight" rating on 12/17/2025
TD Cowen issued a "Buy" rating on 10/15/2025
B of A Securities issued a "Buy" rating on 10/15/2025
Evercore ISI Group issued a "Outperform" rating on 10/09/2025
Citigroup issued a "Buy" rating on 09/29/2025

To track analyst ratings and price targets for BlackRock Inc., check out Quiver Quantitative's $BLK forecast page.

BlackRock Inc. Price Targets

Multiple analysts have issued price targets for $BLK recently. We have seen 10 analysts offer price targets for $BLK in the last 6 months, with a median target of $1305.0.

Here are some recent targets:

Bill Katz from TD Cowen set a target price of $1209.0 on 01/14/2026
Michael Brown from UBS set a target price of $1218.0 on 01/12/2026
Benjamin Budish from Barclays set a target price of $1300.0 on 01/08/2026
Kyle Voigt from Keefe, Bruyette & Woods set a target price of $1310.0 on 01/08/2026
Mike Cyprys from Morgan Stanley set a target price of $1514.0 on 12/17/2025
Craig Siegenthaler from B of A Securities set a target price of $1456.0 on 10/15/2025
Glenn Schorr from Evercore ISI Group set a target price of $1230.0 on 10/09/2025