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% quarter-over-quarter 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.
- FCF Margin for Q1 2026 came in at 16.21%, up 664.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.32% (down 461.0% YoY), and the FY2025 annual result was 14.67%, down 837.0% from the prior year.
- FCF Margin fell to 16.21% in Q1 2026 per BLK's latest filing, from 30.64% in the prior quarter.
- Over five years, FCF Margin peaked at 44.53% in Q4 2024 and troughed at 22.86% in Q1 2025.
- A 4-year average of 16.36% and a median of 24.14% in 2024 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2025 and 2026: FCF Margin plunged 1389 bps in 2025, then soared 664 bps in 2026.
- A 4-year view of FCF Margin shows it stood at 40.47% in 2023, then advanced by 10 bps to 44.53% in 2024, then tumbled by 31 bps to 30.64% in 2025, then slumped by 153 bps to 16.21% in 2026.
- Business Quant data shows BLK's FCF Margin at 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 | BlackRock | 163.18 Bn | 153.56 Bn | - | -16.21% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 26.47% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 39.82% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 32.02% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | -327.00% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 8.80% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | -24.56% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 24.73% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 27.99% |
| 10 | Principal Financial | 23.79 Bn | 20.28 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% |