Company / SG&A Expense
BlackRock SG&A Expense History
FY2022-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$2.7B
FY2025
5-year range
$2.1B / $2.7B
FY2022-FY2025
Trend
+21.0%
vs FY2024
Sector context
#12 of 137
Financials
What the data says
Among 137 Financials companies, BlackRock is in the bottom 9% for sg&a expense. SG&A Expense has increased for 3 consecutive years, from $2.1B in FY2022 to $2.7B in FY2025.
Based on SEC 10-K filings.
$2.7B in FY2025 with a 3-year CAGR of +9.9%. Top quartile in the Financials sector.
Increased from $2.1B to $2.7B over the past 2 years.
Financials sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +9.9%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 9% in FinancialsTop 91% of 137This company $2.7B Sector average $868.2M
▼
+214.6% above sector average
Key checks
Key Insights
- BlackRock's sg&a expense has grown for 3 consecutive years.
- 3-year CAGR of +9.9%, indicating consistent growth.
- In FY2025, sg&a expense increased 21.0% year-over-year.
- Ranks #12 out of 137 companies in the Financials sector.
Company context
Key Data Points
- Altman Z-Score 0.67 (distress zone, below 1.8 threshold)
- Strong profit margin: 49.8%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.7B | +21.0% |
| FY2024 | $2.3B | +7.9% |
| FY2023 | $2.1B | +1.7% |
| FY2022 | $2.1B | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026