BlackRock, Inc. (BLK) stock
BLKNYSESecurity Brokers, Dealers & Flotation CompaniesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 12/3081% above fair value
$1216.61−9.70 (-0.79%)
Close on Nov 12, 2026Market cap $395.34BP/E 27.7Yield 1.71%
BlackRock operating margin
Operating margin is operating income as a percentage of revenue.
BlackRock's operating margin for the twelve months ending Sep 30, 2026 was 32.5%. For fiscal 2025 it was 29.1%, against 37.1% the year before. The highest annual figure on record is 62.0% in fiscal 2021.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 29.1% | −8.0 |
| FY2024 | Dec 31, 2024 | 37.1% | +2.0 |
| FY2023 | Dec 31, 2023 | 35.1% | −22.6 |
| FY2022 | Dec 31, 2022 | 57.7% | −4.3 |
| FY2021 | Dec 31, 2021 | 62.0% | +26.9 |
| FY2020 | Dec 31, 2020 | 35.1% | −3.0 |
| FY2019 | Dec 31, 2019 | 38.2% | −0.3 |
| FY2018 | Dec 31, 2018 | 38.4% | −0.2 |
| FY2017 | Dec 31, 2017 | 38.6% | +1.4 |
| FY2016 | Dec 31, 2016 | 37.2% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 30.0% | −0.0 |
| Q2 FY2026 | Jun 30, 2026 | 34.7% | +2.8 |
| Q1 FY2026 | Mar 31, 2026 | 42.0% | +9.8 |
| Q4 FY2025 | Dec 31, 2025 | 23.7% | −12.8 |
| Q3 FY2025 | Sep 30, 2025 | 30.0% | −8.6 |
| Q2 FY2025 | Jun 30, 2025 | 31.9% | −5.5 |
| Q1 FY2025 | Mar 31, 2025 | 32.2% | −3.6 |
| Q4 FY2024 | Dec 31, 2024 | 36.6% | +2.3 |
| Q3 FY2024 | Sep 30, 2024 | 38.6% | +2.4 |
| Q2 FY2024 | Jun 30, 2024 | 37.5% | +1.3 |
| Q1 FY2024 | Mar 31, 2024 | 35.8% | +1.9 |
| Q4 FY2023 | Dec 31, 2023 | 34.2% | +1.3 |
| Q3 FY2023 | Sep 30, 2023 | 36.2% | +0.8 |
| Q2 FY2023 | Jun 30, 2023 | 36.2% | −0.7 |
| Q1 FY2023 | Mar 31, 2023 | 33.9% | −3.6 |
| Q4 FY2022 | Dec 31, 2022 | 32.9% | −7.0 |
| Q3 FY2022 | Sep 30, 2022 | 35.4% | −2.9 |
| Q2 FY2022 | Jun 30, 2022 | 36.9% | −3.2 |
| Q1 FY2022 | Mar 31, 2022 | 37.5% | +2.4 |
| Q4 FY2021 | Dec 31, 2021 | 39.9% | −1.3 |
| Q3 FY2021 | Sep 30, 2021 | 38.3% | −1.9 |
| Q2 FY2021 | Jun 30, 2021 | 40.1% | +1.5 |
| Q1 FY2021 | Mar 31, 2021 | 35.1% | +16.7 |
| Q4 FY2020 | Dec 31, 2020 | 41.3% | +2.6 |
| Q3 FY2020 | Sep 30, 2020 | 40.2% | −0.5 |
| Q2 FY2020 | Jun 30, 2020 | 38.5% | +2.3 |
| Q1 FY2020 | Mar 31, 2020 | 18.4% | −18.4 |
| Q4 FY2019 | Dec 31, 2019 | 38.7% | +2.4 |
| Q3 FY2019 | Sep 30, 2019 | 40.7% | +1.6 |
| Q2 FY2019 | Jun 30, 2019 | 36.3% | −3.7 |
| Q1 FY2019 | Mar 31, 2019 | 36.8% | −1.5 |
| Q4 FY2018 | Dec 31, 2018 | 36.3% | −3.2 |
| Q3 FY2018 | Sep 30, 2018 | 39.0% | −0.6 |
| Q2 FY2018 | Jun 30, 2018 | 39.9% | +1.7 |
| Q1 FY2018 | Mar 31, 2018 | 38.4% | – |
| Q4 FY2017 | Dec 31, 2017 | 39.5% | – |
| Q3 FY2017 | Sep 30, 2017 | 39.6% | – |
| Q2 FY2017 | Jun 30, 2017 | 38.2% | – |
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