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

PeriodChange
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

And 2 others

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 endRevenueGross profitNet incomeEPS
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 endGross marginNet marginReturn on equityReturn on capital
2025-12-3140.37%22.93%9.90%9.00%
2024-12-3148.17%31.21%13.36%11.79%
2023-12-3146.85%30.81%13.93%11.85%
2022-12-3147.23%28.97%13.67%13.07%

Cash and debt by year

Period endCashDebt
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 endFree cash flowStock-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 dateDividend 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

ReportedFiscal periodEPS estimate
2026-07-15Jun/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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