BlackRock (BLK) Revenue & Revenue Breakdown

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BlackRock Revenue Highlights

Latest Revenue (Y)

$18.56B

Latest Revenue (Q)

$4.97B

Main Segment (Y)

Investment Advice

Main Geography (Y)

Americas

BlackRock Revenue by Period

BlackRock Revenue by Year

Date	Revenue	Change
2023-12-31	$18.56B	3.83%
2022-12-31	$17.87B	-7.75%
2021-12-31	$19.37B	19.56%
2020-12-31	$16.20B	11.46%
2019-12-31	$14.54B	2.40%
2018-12-31	$14.20B	4.40%
2017-12-31	$13.60B	21.92%
2016-12-31	$11.15B	-2.16%
2015-12-31	$11.40B	2.89%
2014-12-31	$11.08B	8.85%
2013-12-31	$10.18B	9.03%
2012-12-31	$9.34B	2.82%
2011-12-31	$9.08B	5.45%
2010-12-31	$8.61B	83.23%
2009-12-31	$4.70B	-7.19%
2008-12-31	$5.06B	4.53%
2007-12-31	$4.84B	130.92%
2006-12-31	$2.10B	76.10%
2005-12-31	$1.19B	64.26%
2004-12-31	$725.31M	21.25%
2003-12-31	$598.21M	3.68%
2002-12-31	$576.98M	8.22%
2001-12-31	$533.14M	11.80%
2000-12-31	$476.87M	25.17%
1999-12-31	$380.98M	11.56%
1998-12-31	$341.50M	-

BlackRock generated $18.56B in revenue during NA 2023, up 3.83% compared to the previous quarter, and up 130.71% compared to the same period a year ago.

BlackRock Revenue by Quarter

Date	Revenue	Change
2024-06-30	$4.97B	1.39%
2024-03-31	$4.90B	0.06%
2023-12-31	$4.90B	13.57%
2023-09-30	$4.31B	-3.41%
2023-06-30	$4.46B	5.19%
2023-03-31	$4.24B	-2.17%
2022-12-31	$4.34B	0.60%
2022-09-30	$4.31B	-4.75%
2022-06-30	$4.53B	-3.68%
2022-03-31	$4.70B	-7.97%
2021-12-31	$5.11B	1.11%
2021-09-30	$5.05B	4.77%
2021-06-30	$4.82B	9.60%
2021-03-31	$4.40B	-1.79%
2020-12-31	$4.48B	2.49%
2020-09-30	$4.37B	19.76%
2020-06-30	$3.65B	-1.67%
2020-03-31	$3.71B	-6.71%
2019-12-31	$3.98B	7.72%
2019-09-30	$3.69B	4.77%
2019-06-30	$3.52B	5.32%
2019-03-31	$3.35B	-2.56%
2018-12-31	$3.43B	-3.97%
2018-09-30	$3.58B	-0.80%
2018-06-30	$3.60B	0.61%
2018-03-31	$3.58B	-4.81%
2017-12-31	$3.76B	16.42%
2017-09-30	$3.23B	9.04%
2017-06-30	$2.96B	4.99%
2017-03-31	$2.82B	-2.28%
2016-12-31	$2.89B	1.87%
2016-09-30	$2.84B	1.18%
2016-06-30	$2.80B	6.86%
2016-03-31	$2.62B	-8.35%
2015-12-31	$2.86B	-1.62%
2015-09-30	$2.91B	0.17%
2015-06-30	$2.90B	6.68%
2015-03-31	$2.72B	-2.19%
2014-12-31	$2.78B	-2.28%
2014-09-30	$2.85B	2.56%
2014-06-30	$2.78B	4.04%
2014-03-31	$2.67B	-3.85%
2013-12-31	$2.78B	12.34%
2013-09-30	$2.47B	-0.40%
2013-06-30	$2.48B	1.35%
2013-03-31	$2.45B	-3.54%
2012-12-31	$2.54B	9.44%
2012-09-30	$2.32B	4.08%
2012-06-30	$2.23B	-0.89%
2012-03-31	$2.25B	0.99%
2011-12-31	$2.23B	0.09%
2011-09-30	$2.23B	-5.20%
2011-06-30	$2.35B	2.85%
2011-03-31	$2.28B	-8.46%
2010-12-31	$2.49B	19.17%
2010-09-30	$2.09B	2.95%
2010-06-30	$2.03B	1.85%
2010-03-31	$2.00B	29.21%
2009-12-31	$1.54B	35.44%
2009-09-30	$1.14B	10.79%
2009-06-30	$1.03B	4.26%
2009-03-31	$987.00M	-7.21%
2008-12-31	$1.06B	-19.00%
2008-09-30	$1.31B	-5.32%
2008-06-30	$1.39B	6.68%
2008-03-31	$1.30B	-9.97%
2007-12-31	$1.44B	-

BlackRock generated $4.97B in revenue during Q2 2024, up 1.39% compared to the previous quarter, and up 117.06% compared to the same period a year ago.

BlackRock Revenue Breakdown

BlackRock Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Technology Service	$1.49B	$1.36B	$239.00M	$231.00M	$221.00M
Investment Advice	$14.40B	$14.45B	$471.00M	$511.00M	$367.00M
Distribution and Shareholder Service	$1.26B	$1.38B	-	-	-
Investment Performance	$554.00M	$514.00M	$555.00M	$301.00M	$131.00M
Service, Other	$159.00M	$163.00M	-	-	-
Service Other	-	-	$-16.00M	$19.00M	$59.00M

BlackRock's latest annual revenue breakdown by segment (product or service), as of Dec 23: Investment Advice (80.63%), Technology Service (8.32%), Distribution and Shareholder Service (7.07%), Investment Performance (3.10%), and Service, Other (0.89%).

Quarterly Revenue by Product

Product/Service	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Investment Advice	$3.78B	$3.60B	$3.68B	$3.61B	$446.00M	$461.00M	$483.00M	$481.00M	$481.00M	$524.00M	$516.00M	$419.00M	$414.00M	$398.00M	$299.00M	$280.00M	-	-	-	-
Service Other	$59.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution And Shareholder Service	$310.00M	$319.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment Performance	$204.00M	$311.00M	$70.00M	$118.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Technology Service	$377.00M	$379.00M	$407.00M	$359.00M	$224.00M	$353.00M	$208.00M	$227.00M	$229.00M	$339.00M	$204.00M	$212.00M	$219.00M	$305.00M	$219.00M	$216.00M	$227.00M	$274.00M	$160.00M	$171.00M
Distribution and Shareholder Service	-	$622.00M	$321.00M	$319.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service, Other	-	$60.00M	$43.00M	$56.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

BlackRock's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Investment Advice (79.91%), Technology Service (7.97%), Distribution And Shareholder Service (6.56%), Investment Performance (4.31%), and Service Other (1.25%).

BlackRock Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Americas	$11.90B	$11.93B	$12.40B	$10.59B	$9.70B
Europe	$5.21B	$5.16B	$6.11B	$4.94B	$4.16B
Asia Pacific	$751.00M	$778.00M	$870.00M	$672.00M	$678.00M

BlackRock's latest annual revenue breakdown by geography, as of Dec 23: Americas (66.63%), Europe (29.17%), and Asia Pacific (4.21%).

Quarterly Revenue by Country

Country	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Europe	$1.40B	$1.33B	$1.36B	$1.29B	$1.22B	$1.22B	$1.24B	$1.31B	$1.40B	$1.57B	$1.71B	$1.44B	$1.39B	$1.28B	$1.57B	$1.02B	$1.07B	$1.14B	$1.08B	$995.00M
Asia Pacific	$187.00M	$191.00M	$182.00M	$190.00M	$188.00M	$179.00M	$180.00M	$205.00M	$214.00M	$230.00M	$217.00M	$222.00M	$201.00M	$187.00M	$164.00M	$158.00M	$163.00M	$185.00M	$167.00M	$163.00M
Americas	$3.14B	$3.11B	$2.98B	$2.98B	$2.83B	$2.94B	$2.89B	$3.01B	$3.09B	$3.30B	$3.13B	$3.16B	$2.81B	$3.01B	$2.63B	$2.47B	$2.48B	$2.65B	$2.44B	$2.37B

BlackRock's latest quarterly revenue breakdown by geography, as of Mar 24: Americas (66.37%), Europe (29.67%), and Asia Pacific (3.96%).

BlackRock Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
BN	Brookfield	$104.30B	$23.04B
BK	Bank of New York Mellon	$33.73B	$10.22B
APO	Apollo Global Management	$32.78B	$7.77B
BLK	BlackRock	$18.56B	$4.97B
KKR	KKR	$14.50B	$6.11B
NTRS	Northern Trust	$12.12B	$3.94B
BEN	Franklin Resources	$8.48B	$2.12B
TROW	T. Rowe Price Group	$6.46B	$1.79B
IVZ	Invesco	$5.72B	$1.52B
ARES	Ares Management	$3.63B	$1.19B
CG	Carlyle Group	$2.96B	$1.83B
ARCC	Ares Capital	$2.08B	$637.00M
MAIN	Main Street Capital	$500.38M	$136.82M
BX	Blackstone	-	$3.71B

BLK Revenue FAQ

What is BlackRock’s yearly revenue?

BlackRock's yearly revenue for 2023 was $18.56B, representing an increase of 3.83% compared to 2022. The company's yearly revenue for 2022 was $17.87B, representing a decrease of -7.75% compared to 2021. BLK's yearly revenue for 2021 was $19.37B, representing an increase of 19.56% compared to 2020.

What is BlackRock’s quarterly revenue?

BlackRock's quarterly revenue for Q2 2024 was $4.97B, a 1.39% increase from the previous quarter (Q1 2024), and a 11.29% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $4.9B, a 0.06% increase from the previous quarter (Q4 2023), and a 15.46% increase year-over-year (Q1 2023). BLK's quarterly revenue for Q4 2023 was $4.9B, a 13.57% increase from the previous quarter (Q3 2023), and a 12.89% increase year-over-year (Q4 2022).

What is BlackRock’s revenue growth rate?

BlackRock's revenue growth rate for the last 3 years (2021-2023) was -4.21%, and for the last 5 years (2019-2023) was 27.64%.

What are BlackRock’s revenue streams?

BlackRock's revenue streams in c 23 are Technology Service, Investment Advice, Distribution and Shareholder Service, Investment Performance, and Service, Other. Technology Service generated $1.48B in revenue, accounting 8.32% of the company's total revenue, up 8.87% year-over-year. Investment Advice generated $14.4B in revenue, accounting 80.63% of the company's total revenue, down -0.36% year-over-year. Distribution and Shareholder Service generated $1.26B in revenue, accounting 7.07% of the company's total revenue, down -8.62% year-over-year. Investment Performance generated $554M in revenue, accounting 3.10% of the company's total revenue, up 7.78% year-over-year. Service, Other generated $159M in revenue, accounting 0.89% of the company's total revenue, down -2.45% year-over-year.

What is BlackRock’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of BlackRock was Investment Advice. This segment made a revenue of $14.4B, representing 80.63% of the company's total revenue.