SuperworthBlackRock profit margin BLK
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 24.2%
- Operating margin, 12 months
- 32.5%
- Net margin on a year earlier
- −2.4 pts
- Peer median
- 17.3%
Over the twelve months to Sep 30, 2026, BlackRock kept 24.2% of its revenue as net profit, with an operating margin of 32.5%.
Five years earlier its net margin was 31.0%.
The median for 10 asset managers of a similar size is 17.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 22.9% | 29.1% |
| FY2024 | 31.2% | 37.1% |
| FY2023 | 30.8% | 35.1% |
| FY2022 | 29.0% | 35.7% |
| FY2021 | 30.5% | 38.5% |
| FY2020 | 30.4% | 35.1% |
| FY2019 | 30.8% | 38.2% |
| FY2018 | 30.3% | 38.4% |
| FY2017 | 37.2% | 39.5% |
| FY2016 | 28.4% | 41.0% |
| FY2015 | 29.3% | 40.9% |
| FY2014 | 29.7% | 40.4% |
| FY2013 | 28.8% | 37.9% |
| FY2012 | 26.3% | 37.7% |
| FY2011 | 25.7% | 35.8% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 24.2% | −2.4 pts | 32.5% | |
| Q2 FY26 | 24.1% | −5.6 pts | 32.6% | |
| Q1 FY26 | 24.4% | −5.7 pts | 31.8% | |
| Q4 FY25 | 22.9% | −8.3 pts | 29.1% | |
| Q3 FY25 | 26.6% | −4.7 pts | 32.6% | |
| Q2 FY25 | 29.7% | −2.7 pts | 34.8% | |
| Q1 FY25 | 30.1% | −2.2 pts | 36.2% | |
| Q4 FY24 | 31.2% | +0.4 pts | 37.1% | |
| Q3 FY24 | 31.4% | +0.7 pts | 36.6% | |
| Q2 FY24 | 32.4% | +2.5 pts | 35.9% | |
| Q1 FY24 | 32.3% | +4.1 pts | 35.6% | |
| Q4 FY23 | 30.8% | +1.8 pts | 35.1% |
Against its peers
Companies in Asset Management nearest BlackRock's size, closest first, today.
| Company | Profit margin |
|---|---|
| BLKBlackRock | 24.2% |
| BXBlackstone | 21.8% |
| KKRKKR | 14.8% |
| APOApollo Global Management | 5.2% |
| STTState Street | 23.0% |
| AMPAmeriprise Financial | 19.9% |
| ARESAres Management | 10.6% |
| NTRSNorthern Trust | 24.8% |
| RJFRaymond James Financial | 13.6% |
| PFGPrincipal Financial | 9.9% |
| TROWT. Rowe Price | 29.3% |
| Peer median | 17.3% |
Where BlackRock ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on BlackRock
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.