BlackRock (BLK) FY2024 10-K Annual Report

Filed: Feb 25, 2025
Financials
Security Brokers, Dealers & Flotation CompaniesSEC EDGAR

BlackRock (BLK) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

BlackRock FY2024 10-K Analysis

Business Overview

  • Core business model: Global investment management and advisory services provider
  • No new products, services, or segments introduced or emphasized in this year's Business section
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Management Discussion & Analysis

  • BlackRock AUM $11.6T at Dec 31, 2024, no YoY revenue or operating margin disclosed
  • No specific segment revenue or profitability details provided in this excerpt
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Risk Factors

  • Regulatory/legal risk: Potential loss of investment advisory contracts due to fund board terminations or shareholder activism impacting BlackRock’s fee revenue
  • Geopolitical/macro risk: Exposure to geopolitical unrest including Ukraine-Russia conflict and US-China tensions affecting global markets and BlackRock’s AUM
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BlackRock FY2024 Key Financial Metrics
XBRL

Revenue

$20.4B

+14.3% YoY

Net Income

$6.4B

+15.8% YoY

Operating Margin

37.1%

+198bp YoY

Net Margin

31.2%

+40bp YoY

ROE

13.4%

-57bp YoY

Total Assets

$138.6B

+12.5% YoY

EPS (Diluted)

$42.01

+15.1% YoY

Operating Cash Flow

$5.0B

+19.0% YoY

Source: XBRL data from BlackRock FY2024 10-K filing on SEC EDGAR. All figures in USD.

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