BlackRock (BLK) FCF Margin (2023 - 2026)
BlackRock (BLK) recorded FCF Margin of 15.78% in Q2 2026, down 7.73 percentage points from 23.51% a year earlier but up 32.00 percentage points from the prior quarter.
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Analysis
BlackRock (BLK) FCF Margin (2023 - 2026) Analysis & Trends
On a TTM basis, BlackRock's FCF Margin came in at 12.88% as of Jun 30, 2026, down 5.13 percentage points year-over-year; for FY2025, it came in at 14.67%, down 8.37 percentage points from FY2024.
- Annual FCF Margin has a three-year change of -10.08 percentage points (FY2022 to FY2025).
- Across earlier years, FCF Margin came in at 23.04% in FY2024 (+1.64 pp), 21.40% in FY2023 (-3.35 pp) and 24.75% in FY2022.
- Quarterly FCF Margin has ranged from -22.86% in Q1 2025 to 44.53% in Q4 2024 over the past five years.
- On a year-over-year basis, FCF Margin rose in two of the last seven quarters, with an average year-over-year change of -4.68 percentage points.
- Per Business Quant, the preceding three quarters came in at -16.21% (Q1 2026), 30.64% (Q4 2025) and 20.53% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.03 Bn | 110.39 Bn | - | 15.78% |
| 2 | Spdr Gold Trust | 134.08 Bn | -423.92 Bn | - | - |
| 3 | Blackstone | 84.38 Bn | 79.31 Bn | - | 37.86% |
| 4 | Brookfield | 81.99 Bn | -83.40 Bn | 4.47 Bn | - |
| 5 | Kkr | 81.98 Bn | 48.46 Bn | - | 55.96% |
| 6 | Brookfield Asset Management | 71.20 Bn | 67.45 Bn | - | 30.52% |
| 7 | Apollo Global Management | 66.86 Bn | 4.54 Bn | 10.56 Bn | 25.83% |
| 8 | Wheaton Precious Metals | 60.68 Bn | 56.11 Bn | 687.86 Mn | 69.90% |
| 9 | Franco Nevada | 45.90 Bn | 43.27 Bn | 451.00 Mn | 83.08% |
| 10 | Ameriprise Financial | 43.48 Bn | 4.90 Bn | 4.72 Bn | 56.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.78% |
| 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% |
API Access
BlackRock FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=BLK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "BLK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=BLK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();