BlackRock (BLK) Net Margin (2023 - 2026)
BlackRock (BLK) posted quarterly Net Margin of 32.99% for Q1 2026, up 439.0% year-over-year from 6.12% in Q1 2025, and up 105.54% quarter-over-quarter from 16.05% in Q4 2025.
BlackRock (BLK) Net Margin (2023 - 2026) Analysis & Trends
BlackRock (BLK) has reported Net Margin for 4 consecutive years, with 32.99% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin rose 439.0% year-over-year to 32.99%; the TTM figure through Mar 2026 stood at 24.39% (down 574.0% YoY), while the FY2025 annual figure was 22.92%, down 829.0% from the prior year.
- Net Margin improved to 32.99% in Q1 2026 per BLK's latest filing, from 16.05% in the prior quarter.
- Across five years, Net Margin topped out at 35.54% in Q3 2023 and bottomed at 16.05% in Q4 2025.
- Historically, Net Margin has averaged 28.87% across 4 years, with a median of 29.7% in 2024.
- Annual changes were most pronounced in 2025 — Net Margin slumped 1365 bps — and 2026, when it surged 439 bps.
- BlackRock's Net Margin stood at 29.54% in 2023, then advanced by 1 bps to 29.7% in 2024, then plunged by 46 bps to 16.05% in 2025, then jumped by 106 bps to 32.99% in 2026.
- Business Quant data shows BLK's Net Margin at 32.99% in Q1 2026, 16.05% in Q4 2025, and 20.36% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 27.15% |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 46.71% |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 11.53% |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 1.88% |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 51.57% |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 11.98% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 25.35% |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 22.20% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 58.35% |
| 10 | Raymond James Financial | 33.40 Bn | 20.15 Bn | - | 13.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.15% |
| Mar 31, 2026 | 32.99% |
| Dec 31, 2025 | 16.05% |
| Sep 30, 2025 | 20.36% |
| Jun 30, 2025 | 29.36% |
| Mar 31, 2025 | 28.60% |
| Dec 31, 2024 | 29.70% |
| Sep 30, 2024 | 31.21% |
| Jun 30, 2024 | 31.11% |
| Mar 31, 2024 | 33.12% |
| Dec 31, 2023 | 29.54% |
| Sep 30, 2023 | 35.54% |