SuperworthBlackRock free cash flow BLK
Cash from operations less capital spending, by quarter and over the last twelve months, from 2008.
- Last 12 months, to Jun 30, 2026
- $3.5B
- Latest quarter, Q2 FY26
- $1.1B
- −12% on a year earlier
- Fiscal year 2025
- $3.6B
- −24% on the year before
BlackRock's free cash flow was $3.5B over the twelve months to Jun 30, 2026, down 10% on a year earlier.
In its latest quarter, Q2 FY26, it was $1.1B, down 12% on the same quarter a year before.
Over the five fiscal years to FY2025 it grew 0% a year on average.
Free cash flow over time
Fiscal year by fiscal year
| Fiscal year | Free cash flow | Change |
|---|---|---|
| FY2025 | $3.6B | −24% |
| FY2024 | $4.7B | +23% |
| FY2023 | $3.8B | −14% |
| FY2022 | $4.4B | −4% |
| FY2021 | $4.6B | +30% |
| FY2020 | $3.5B | +35% |
| FY2019 | $2.6B | −8% |
| FY2018 | $2.9B | −24% |
| FY2017 | $3.8B | +86% |
| FY2016 | $2B | −27% |
| FY2015 | $2.8B | −8% |
| FY2014 | $3B | −15% |
| FY2013 | $3.5B | +70% |
| FY2012 | $2.1B | −19% |
| FY2011 | $2.6B | +9% |
Each fiscal year is the twelve months to its fourth quarter.
Quarter by quarter
| Quarter | Ended | Free cash flow | On a year earlier | Last 12 months |
|---|---|---|---|---|
| Q2 FY26 | $1.1B | −12% | $3.5B | |
| Q1 FY26 | −$1.1B | n/a | $3.7B | |
| Q4 FY25 | $2.1B | −15% | $3.6B | |
| Q3 FY25 | $1.3B | +4% | $3.9B | |
| Q2 FY25 | $1.3B | −6% | $3.9B | |
| Q1 FY25 | −$1.2B | n/a | $4B | |
| Q4 FY24 | $2.5B | +35% | $4.7B | |
| Q3 FY24 | $1.3B | −14% | $4B | |
| Q2 FY24 | $1.4B | +47% | $4.3B | |
| Q1 FY24 | −$472M | n/a | $3.8B | |
| Q4 FY23 | $1.9B | +2% | $3.8B | |
| Q3 FY23 | $1.5B | −8% | $3.8B |
Against its peers
Companies in Asset Management nearest BlackRock's size, closest first, today.
| Company | Free cash flow yield |
|---|---|
| BLKBlackRock | n/m |
| BXBlackstone | 6.2% |
| KKRKKR | n/m |
| APOApollo Global Management | n/m |
| STTState Street | n/m |
| AMPAmeriprise Financial | n/m |
| ARESAres Management | n/m |
| NTRSNorthern Trust | n/m |
| RJFRaymond James Financial | n/m |
| PFGPrincipal Financial | n/m |
| TROWT. Rowe Price | 7.5% |
| Peer median | 6.9% |
What the free cash flow tells you
Cash from operations minus capital spending. The cash the company could hand back or reinvest.
Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.
More on BlackRock
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.