BlackRock, Inc. (BLK) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 5.35%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | 5.35% | Share-based compensation / revenue. Period ending 2026-06-30. $1.46B ÷ $27.30B × 100 ≈ 5.35% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | |
| Revenue | 27.30B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 1.46B USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 8.89B USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | $27.30B | $1.46B | $8.89B | (m) | (m) | 5.35% | (m) | (m) |
| 2026-03-31 | (m) | $25.64B | $1.39B | $8.16B | (m) | (m) | 5.40% | (m) | (m) |
| 2025-12-31 | (m) | $24.22B | $1.31B | $7.04B | (m) | (m) | 5.40% | (m) | (m) |
| 2025-09-30 | (m) | $22.89B | $1.13B | $7.46B | (m) | (m) | 4.93% | (m) | (m) |
| 2025-06-30 | (m) | $21.57B | $865.00M | $7.51B | (m) | (m) | 4.01% | (m) | (m) |
| 2025-03-31 | (m) | $20.95B | $818.00M | $7.58B | (m) | (m) | 3.90% | (m) | (m) |
| 2024-12-31 | (m) | $20.41B | $753.00M | $7.57B | (m) | (m) | 3.69% | (m) | (m) |
| 2024-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2024-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2024-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2023-12-31 | (m) | $17.86B | $630.00M | $6.28B | (m) | (m) | 3.53% | (m) | (m) |
| 2023-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2022-12-31 | (m) | $17.87B | $708.00M | $6.38B | (m) | (m) | 3.96% | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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