BlackRock, Inc. (BLK)
BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe. The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities. It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices. BlackRock, Inc. was founded in 1988 and is based in New York, New York with additional offices in Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Dallas, Texas; Denver, Colorado; Greenwich, Connecticut; Houston, Texas; Miami, Florida; Newport Beach, California; Palo Alto, California; Philadelphia, Pennsylvania; Princeton, New Jersey; San Francisco, California; Santa Monica, California; Seattle, Washington; Washington, DC; West Palm Beach, Florida; Wilmington, Delaware; Mexico; Canada; South Africa; Netherlands; Greece; Serbia; Belgium; Hungary; Denmark; Ireland; Scotland; Germany; Switzerland; England; Luxembourg; Spain; Italy; France; Sweden; Austria; India; China; Australia; Hong Kong; South Korea; Singapore; Taiwan; Japan; Colombia; Argentina; Peru; Chile; Brazil; UAE; Saudi Arabia; Israel.
- Symbol
- BLK
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Asset Management
- Market cap
- $164.01B
- 52 week range
- 917.39 - 1219.94
Valuation
- Share price
- $1064.36 (close of 2026-10-01)
- P/E (TTM)
- 24.97x
- Price to book
- 2.84x
- Price to free cash flow
- 46.66x
- Enterprise value
- $168.48B
- Book value per share
- $373.17
Price performance
| Period | Change |
|---|---|
| 1 day | +0.57% |
| 5 days | -0.85% |
| 1 month | -5.65% |
| 3 months | +8.57% |
| 6 months | +11.17% |
| Year to date | -0.56% |
| 1 year | -6.72% |
| 3 years | +64.64% |
| 5 years | +26.43% |
| 10 years | +193.65% |
| All time | +7432.63% |
Members of Congress who disclosed BLK trades
Jefferson Shreve · Richard McCormick · Greg Landsman · John McGuire · Julie Johnson · Shelley Moore Capito · Dan Newhouse · James Comer · Josh Gottheimer · Lisa McClain · Ritchie Torres · Val Hoyle
Super investors holding BLK
Ken Griffin (Citadel) · William Von Mueffling (Cantillon Capital Management LLC)
Profitability and growth
- Return on equity
- 9.90%
- Return on invested capital
- 9.00%
- Return on assets
- 3.27%
- Gross margin
- 40.37%
- Net margin
- 22.93%
- EBITDA margin
- 33.74%
- Revenue growth
- 18.67%
- Net income growth
- -12.81%
- Free cash flow growth
- -24.44%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 2.14%
- Net debt to EBITDA
- 0.40x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $24.22B
- Cost of revenue
- $14.44B
- Gross profit
- $9.78B
- EBITDA
- $8.17B
- Net income
- $5.55B
- Earnings per share
- $35.83
- Shares outstanding
- 154.98M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $24.22B | $9.78B | $5.55B | $35.83 |
| 2024-12-31 | $20.41B | $9.83B | $6.37B | $42.45 |
| 2023-12-31 | $17.86B | $8.37B | $5.50B | $36.85 |
| 2022-12-31 | $17.87B | $8.44B | $5.18B | $34.31 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 40.37% | 22.93% | 9.90% | 9.00% |
| 2024-12-31 | 48.17% | 31.21% | 13.36% | 11.79% |
| 2023-12-31 | 46.85% | 30.81% | 13.93% | 11.85% |
| 2022-12-31 | 47.23% | 28.97% | 13.67% | 13.07% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $11.47B | $12.77B |
| 2024-12-31 | $12.76B | $12.31B |
| 2023-12-31 | $8.74B | $7.92B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $3.55B | $1.31B |
| 2024-12-31 | $4.70B | $753.00M |
| 2023-12-31 | $3.82B | $630.00M |
| 2022-12-31 | $4.42B | $708.00M |
Dividend history
- Most recent payment
- 2026-09-08
- Paid in the last twelve months
- $22.40
| Payment date | Dividend per share |
|---|---|
| 2026-09-08 | $5.73 |
| 2026-06-05 | $5.73 |
| 2026-03-06 | $5.73 |
| 2025-12-05 | $5.21 |
| 2025-09-05 | $5.21 |
| 2025-06-05 | $5.21 |
| 2025-03-07 | $5.21 |
| 2024-12-05 | $5.10 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-13
- Consensus EPS estimate
- $14.19
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-15 | Jun/2026 | $12.67 |
| 2026-04-14 | - | - |
| 2026-01-15 | - | - |
| 2025-10-14 | - | - |
| 2025-07-15 | - | - |
| 2025-07-14 | - | - |
| 2025-04-11 | - | - |
| 2025-04-10 | - | - |
Filings and sources
- Company website
- blackrock.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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All Financial Services companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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