BlackRock (BLK) FCF Margin (2023 - 2026)
BlackRock (BLK) posted quarterly 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 reported FCF Margin for 4 consecutive years, with 16.21% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin rose 664.0% year-over-year to 16.21%; the TTM figure through Mar 2026 stood at 14.32% (down 461.0% YoY), while the FY2025 annual figure was 14.67%, down 837.0% from the prior year.
- FCF Margin eased 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.
- Historically, FCF Margin has averaged 16.36% across 4 years, with a median of 24.14% in 2024.
- Annual changes were most pronounced in 2025 — FCF Margin plunged 1389 bps — and 2026, when it soared 664 bps.
- BlackRock's FCF Margin stood at 40.47% in 2023, then climbed 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.
- 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 | 179.54 Bn | 165.67 Bn | - | 15.78% |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 37.86% |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 55.96% |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 30.52% |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 25.83% |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | -74.14% |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 56.83% |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | -7.06% |
| 10 | Northern Trust | 33.87 Bn | 33.87 Bn | - | -14.38% |
Historic Data
Download 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% |