BlackRock (BLK) FCF Margin (2023 - 2026)
BlackRock's (BLK) quarterly FCF Margin came in at 16.21% in Q1 2026, up 664.0% year-on-year from 2.12% in Q1 2025, and down 152.92% on a QoQ basis from 30.64% in Q4 2025.
BlackRock (BLK) FCF Margin (2023 - 2026) Analysis & Trends
BlackRock (BLK) has 4 years of FCF Margin data on file, last reported at 16.21% in Q1 2026.
- On a quarterly basis, FCF Margin rose 664.0% year-over-year to 16.21% in Q1 2026; TTM through Mar 2026 was 14.32%, a 461.0% decrease from a year earlier, with the FY2025 full-year figure at 14.67%, down 837.0% from the prior year.
- FCF Margin for Q1 2026 stood at 16.21%, down from 30.64% in the prior quarter.
- Over the last five years, FCF Margin for BLK reached as high as 44.53% in Q4 2024 and fell as low as 22.86% in Q1 2025.
- Historically, FCF Margin has averaged 16.36% across 4 years, with a median of 24.14% in 2024.
- Across the five-year window, FCF Margin slumped 1389 bps in 2025 and jumped 664 bps in 2026, its largest moves.
- Year by year, FCF Margin stood at 40.47% in 2023, then increased by 10 bps to 44.53% in 2024, then plunged by 31 bps to 30.64% in 2025, then tumbled by 153 bps to 16.21% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 16.21% in Q1 2026, 30.64% in Q4 2025, and 20.53% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | -16.21% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 26.47% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 746.54% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | -327.00% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 8.80% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | -24.56% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 27.31% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 41.05% |
| 10 | Principal Financial | 23.31 Bn | -27.00 Bn | -463.00 Mn | 13.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -16.21% |
| Dec 31, 2025 | 30.64% |
| Sep 30, 2025 | 20.53% |
| Jun 30, 2025 | 23.51% |
| Mar 31, 2025 | -22.86% |
| Dec 31, 2024 | 44.53% |
| Sep 30, 2024 | 24.76% |
| Jun 30, 2024 | 28.26% |
| Mar 31, 2024 | -9.98% |
| Dec 31, 2023 | 40.47% |