BlackRock reported 2025 revenue of $24.2 billion and Q1 2026 revenue of $6.7 billion. The thesis depends on net flows, market levels, fee realization, operating leverage and cash conversion.
BlackRock: scale helps, but markets and fee pressure still set the evidence bar
NYSEBLKCoverage BootstrapBlackRock, Inc.
Thesis summary
BlackRock reported 2025 revenue of $24.2 billion and Q1 2026 revenue of $6.7 billion. The thesis depends on net flows, market levels, fee realization, operating leverage and cash conversion.
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