BlackRock (BLK) FCF Margin (2023 - 2026)
BlackRock (BLK) reported FCF Margin of 16.21% for Q1 2026, up 664.0% year-over-year from 2.12% in Q1 2025, and down 152.92% on a QoQ basis from 30.64% in Q4 2025.
BlackRock (BLK) has 4 years of FCF Margin data on file, last reported at 16.21% in Q1 2026.
- Quarterly FCF Margin rose 664.0% year-over-year to 16.21% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 14.32% (down 461.0% YoY) and the FY2025 annual result came in at 14.67%, down 837.0% from the prior year.
- FCF Margin retreated to 16.21% in Q1 2026 per BLK's latest filing, from 30.64% in the prior quarter.
- Across five years, FCF Margin topped out at 44.53% in Q4 2024 and bottomed at 22.86% in Q1 2025.
- The 4-year median for FCF Margin is 24.14% (2024), against an average of 16.36%.
- The widest annual swing landed in 2025, when FCF Margin slumped 1389 bps; it then jumped 664 bps in 2026.
- Tracing BLK's FCF Margin over 4 years: stood at 40.47% in 2023, then rose by 10 bps to 44.53% in 2024, then sank by 31 bps to 30.64% in 2025, then plunged by 153 bps to 16.21% in 2026.
- Per Business Quant, the three latest BLK FCF Margin figures stand at 16.21% (Q1 2026), 30.64% (Q4 2025), and 20.53% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | -16.21% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 26.47% |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 39.82% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 24.81% |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 32.02% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | -327.00% |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 8.80% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | -24.56% |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 27.99% |
| 10 | Raymond James Financial | 28.62 Bn | 17.38 Bn | - | 24.73% |
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% |