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BlackRock (BLK) Cash Flow Waterfall

Trace BlackRock's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$3.97B

Capex

−$403.00M

Free Cash Flow

$3.56B

FCF Margin

+89.8%

Cash flow waterfall for BlackRock (BLK) — TTM through Q1 2026

Free cash flow: $3.56B

Cash flow breakdown for BlackRock (BLK) — TTM through Q1 2026

  • Operating Cash Flow$3.97B
  • Capital Expenditure−$403.00M
  • Free Cash Flow$3.56B
  • Acquisitions−$388.00M
  • Other Investing−$463.00M
  • Share Buybacks−$2.10B
  • Dividends Paid−$3.48B
  • Net Debt Change$389.00M
  • Other Financing$4.43B
  • Forex Effect$156.00M
  • Net Cash Increase$2.10B
Want to see what drove the FCF change?Free Cash Flow Bridge

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Data & methodology