BlackRock BLK
- Market cap
- $181.7B
- PE
- n/m
- a quarter missing
- Forward PE
- 17.9×
- 10y median 19.4×
- Price to sales
- 6.4×
- EV/EBIT
- 19.0×
- Revenue, 12 months
- $28.5B
- +25% on a year ago
- Net margin
- 24.2%
- Free cash flow yield
- n/m
- Q3 FY26 missing
BlackRock trades at 6.4× sales. Revenue was $28.5B over the last twelve months, up 25% on a year earlier with a 24% net margin.
Charts
Financials
| Income statement | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $4.6B+7% | $4.7B+11% | $4.8B+8% | $5.2B+15% | $5.7B+23% | $5.3B+12% | $5.4B+13% | $6.5B+25% | $7B+23% | $6.7B+27% | $7.1B+31% | $7.8B+19% | |
| SG&A | $589M+2% | $529M+7% | $534M+8% | $562M+9% | $596M+1% | $615M+16% | $613M+15% | $782M+39% | $549M−8% | $674M+10% | $720M+18% | n/a |
| $1.6B+11% | $1.7B+18% | $1.8B+12% | $2B+23% | $2.1B+31% | $1.7B+0% | $1.7B−4% | $2B−3% | $1.7B−20% | $2.8B+66% | $2.5B+42% | $2.3B+19% | |
| Interest expense | $82M+52% | $92M+56% | $126M+83% | $154M+88% | $166M+102% | $166M+80% | $173M+37% | $135M−12% | $140M−16% | $134M−19% | $134M−23% | n/a |
| Pre-tax income | $1.9B+17% | $1.9B+23% | $2B+8% | $2.3B+25% | $2.1B+9% | $1.8B−8% | $2.3B+12% | $2B−12% | $1.6B−24% | $2.8B+61% | $2.7B+21% | $2.6B+32% |
| $438M+27% | $290M−25% | $477M+8% | $574M+170% | $442M+1% | $248M−15% | $587M+23% | $470M−18% | $372M−16% | $516M+108% | $677M+15% | n/a | |
| Net income | $1.4B+9% | $1.6B+36% | $1.5B+9% | $1.6B+2% | $1.7B+22% | $1.5B−4% | $1.6B+7% | $1.3B−19% | $1.1B−33% | $2.2B+47% | $1.9B+20% | $1.7B+25% |
| $9.15+10% | $10.48+37% | $9.99+10% | $10.90+2% | $10.63+16% | $9.64−8% | $10.19+2% | $8.43−23% | $7.16−33% | $14.06+46% | $12.19+20% | n/a | |
| 150.2M−1% | 150.1M−1% | 149.7M−1% | 149.6M−1% | 157M+5% | 156.6M+4% | 156.3M+4% | 165.2M+10% | 165.4M+5% | 165M+5% | 164.6M+5% | n/a |
Net income: 7 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.
EPS, diluted: Q4 FY08 and Q4 FY17: quarter's net income to common over its shares, to the cent. 7 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.
Diluted shares: Q4 FY08: share-days: the 12-month average less the 9-month, weighted by days. 7 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet. Figures from older filings without data tags, and from a results release before its 10-Q, are read from the document's text and checked against it.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q4 FY26 | $8B | $7.9B to $8.2B | $15.42 | $14.79 to $16.04 | 10 |
| Q1 FY27 | $7.4B | $7.2B to $7.6B | $14.83 | $13.53 to $15.52 | 6 |
| Q2 FY27 | $7.6B | $7.4B to $7.7B | $15.35 | $14.95 to $15.75 | 2 |
| Q3 FY27 | $8.1B | $7.9B to $8.2B | $16.81 | $16.37 to $17.24 | 2 |
| Q4 FY27 | $8.7B | $8.5B to $8.9B | $17.78 | $17.32 to $18.24 | 2 |
| Q1 FY28 | $8.4B | $8.2B to $8.6B | $17.26 | $16.81 to $17.71 | 5 |
| Q2 FY28 | $8.6B | $8.4B to $8.8B | $17.26 | $16.81 to $17.71 | 5 |
| Q3 FY28 | $9B | $8.9B to $9.2B | $18.60 | $18.12 to $19.09 | 5 |
Peers
Companies in Asset Management nearest BlackRock's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| BLKBlackRock | $181.7B | n/m | 20.8× | 17.9× | 6.4× | +25% | 24.2% |
| BXBlackstone | $88.6B | 26.4× | 26.5× | 18.8× | 5.5× | +17% | 21.8% |
| KKRKKR | $82B | 29.1× | 21.4× | 10.7× | n/m | +31% | 14.8% |
| APOApollo Global Management | $66.6B | 40.9× | 18.2× | 11.7× | n/m | +41% | 5.2% |
| STTState Street | $46.1B | 14.8× | 13.2× | 11.2× | n/m | +12% | 23.0% |
| AMPAmeriprise Financial | $43.5B | 11.9× | 14.1× | 10.1× | 2.2× | +9% | 19.9% |
| ARESAres Management | $40.3B | 54.7× | 55.7× | 19.2× | 6.7× | +24% | 10.6% |
| NTRSNorthern Trust | $30.7B | 14.4× | 15.3× | 14.0× | n/m | +15% | 24.8% |
| RJFRaymond James Financial | $30.3B | 13.7× | 15.1× | 11.4× | 1.8× | +8% | 13.6% |
| PFGPrincipal Financial | $23.2B | 15.4× | 11.6× | 11.0× | 1.5× | +4% | 9.9% |
| TROWT. Rowe Price | $22.2B | 10.5× | 14.4× | 10.3× | 2.9× | +7% | 29.3% |
| Peer median | $41.9B | 15.1× | 15.2× | 11.3× | 2.6× | +13% | 17.3% |
Investors who own it
Investors we follow who held BlackRock at the end of Jun 30, 2026, from their 13F filings.
- ValueAct CapitalValueAct Capital9.9% of portfolioadded
- Tom GaynerMarkel Group1.6% of portfolio
- Bill NygrenHarris Associates (Oakmark)0.1% of portfoliotrimmed
- Ron BaronBaron Capital0.0% of portfolioadded
More on BlackRock
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #10of 44Asset managers with the highest profit margins
- #10of 38Financial stocks with the fastest expected revenue growth
- #7of 12Asset managers with the highest dividend yields
- #9of 11Asset managers with the lowest forward PE
Its groups
About
- Industry
- Asset Management
- Sector
- Financial Services
Valuation data, not investment advice. Prices as of .