BlackRock (BLK) Balance Sheet: Assets & Liabilities

BlackRock (BLK) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), BlackRock reported total assets of $170.00B and total liabilities of $108.46B. Shareholders' equity was $55.89B, up 17.7% from $47.49B a year earlier. Total debt stood at $12.77B against $14.26B in cash and short-term investments, a net cash position of $1.49B. That puts debt-to-equity at 0.23, compared with 0.26 a year earlier.

BlackRock Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for BlackRock, Inc. (BLK) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	11.47	12.76	8.74	7.42	9.32	8.66	4.83	6.49	7.04
Short-Term Investments	2.79	1.75	1.87	1.33	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	14.26	14.51	10.61	7.42	9.32	8.66	4.83	6.49	7.04
Accounts Receivable	5.16	4.45	4.12	3.26	3.79	3.54	3.18	2.66	4.19
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	8.01	6.15	4.65	5.86	7.08	16.51	15.47	20.66	24.19
Total Current Assets	27.42	25.11	19.38	17.21	20.19	28.71	23.47	29.80	35.42
Non-Current Assets
Property, Plant & Equipment (Net)	3.13	2.62	2.53	2.55	2.38	1.33	0.72	0.64	0.59
Long-Term Investments	2.13	2.78	2.76	8.94	7.26	6.92	5.49	4.48	1.98
Goodwill	35.28	25.95	15.52	15.34	15.35	14.55	14.56	13.53	13.22
Intangible Assets	27.97	20.74	18.26	18.30	18.45	18.26	18.37	17.84	17.39
Other Non-Current Assets	65.80	56.41	59.95	3.46	89.01	107.21	106.01	93.29	151.64
Total Non-Current Assets	142.57	113.50	103.83	99.41	132.46	148.28	145.15	129.77	184.82
Total Assets	170.00	138.62	123.21	117.63	152.65	176.98	168.62	159.57	220.22
Current Liabilities
Accounts Payable	0.00	0.00	1.24	1.29	1.21	0.90	1.17	1.29	1.16
Short-Term Debt	0.00	0.00	7.92	6.65	0.01	0.00	0.00	0.00	0.00
Current Portion of Long-Term Debt	-	0.73	-	-	0.01	-	-	-	-
Accrued Liabilities	3.83	2.96	2.39	2.27	2.95	-	-	-	-
Other Current Liabilities	1.74	1.54	65.13	63.41	0.18	0.13	0.00	0.00	0.00
Total Current Liabilities	1.74	1.54	1.24	73.63	1.40	1.03	1.17	1.29	1.16
Non-Current Liabilities
Long-Term Debt	12.77	12.31	7.92	6.65	9.32	8.02	4.96	4.98	5.01
Deferred Tax Liabilities	4.62	3.33	3.51	3.38	2.76	3.67	3.73	3.57	3.54
Other Non-Current Liabilities	83.27	67.20	65.13	3.38	100.28	126.61	123.84	116.19	178.28
Total Non-Current Liabilities	106.72	87.72	80.73	5.22	112.36	138.30	132.53	124.74	186.82
Total Liabilities	108.46	89.26	81.97	78.84	113.76	139.33	133.69	126.03	187.93
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	37.90	35.61	32.34	29.88	27.69	24.33	21.66	19.28	16.97
Accumulated Other Comprehensive Income	-0.55	-1.18	-0.84	-1.10	-0.55	-0.34	-0.57	-0.69	-0.43
Treasury Stock	1.22	0.39	11.99	10.81	9.09	-	-	-	-
Additional Paid-in Capital	19.75	13.45	19.83	8.97	10.55	11.28	12.45	13.78	15.29
Minority Interest	5.65	1.86	1.89	1.04	1.20	2.37	1.38	1.17	0.47
Shares Outstanding	0.16	0.15	0.15	0.15	0.15	-	-	-	-
Total Stockholders' Equity	55.89	47.50	39.35	38.79	37.69	35.28	33.55	32.37	31.83
Total Liabilities & Equity	170.00	138.62	123.21	117.63	152.65	176.98	168.62	159.57	220.22

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About BlackRock Balance Sheet

How much debt does BlackRock have?

BlackRock had total debt of $12.77B as of Dec 31, 2025, against $14.26B in cash and short-term investments. Its debt-to-equity ratio was 0.23. Total debt was $12.31B a year earlier.

What are BlackRock's total assets?

BlackRock reported total assets of $170.00B as of Dec 31, 2025, up 22.6% from $138.62B a year earlier. Total liabilities were $108.46B.

What is BlackRock's shareholders' equity?

BlackRock's shareholders' equity was $55.89B as of Dec 31, 2025, or about $360.41 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition