BlackRock (BLK) Net Margin (2023 - 2026)
BlackRock (BLK) reported Net Margin of 34.73% for Q1 2026, up 601.0% year-over-year from 4.95% in Q1 2025, and up 105.55% quarter-over-quarter from 16.89% in Q4 2025.
BlackRock (BLK) Net Margin (2023 - 2026) Analysis & Trends
BlackRock (BLK) has 4 years of Net Margin data on file, last reported at 34.73% in Q1 2026.
- Net Margin for Q1 2026 came in at 34.73%, up 601.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 25.62% (down 470.0% YoY), and the FY2025 annual result was 23.46%, down 775.0% from the prior year.
- Net Margin climbed to 34.73% in Q1 2026 per BLK's latest filing, from 16.89% in the prior quarter.
- Over five years, Net Margin peaked at 35.27% in Q3 2023 and troughed at 16.89% in Q4 2025.
- A 4-year average of 29.73% and a median of 31.38% in 2024 frame the typical range for Net Margin.
- The sharpest annual moves came in 2025 and 2026: Net Margin tumbled 1252 bps in 2025, then soared 601 bps in 2026.
- A 4-year view of Net Margin shows it stood at 32.15% in 2023, then slipped by 9 bps to 29.42% in 2024, then slumped by 43 bps to 16.89% in 2025, then jumped by 106 bps to 34.73% in 2026.
- Business Quant data shows BLK's Net Margin at 34.73% in Q1 2026, 16.89% in Q4 2025, and 21.4% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 34.73% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 34.77% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 8.45% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | -38.15% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 37.97% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.72% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 8.40% |
| 10 | Principal Financial | 23.79 Bn | 20.28 Bn | -463.00 Mn | 35.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.73% |
| Dec 31, 2025 | 16.89% |
| Sep 30, 2025 | 21.40% |
| Jun 30, 2025 | 30.70% |
| Mar 31, 2025 | 28.71% |
| Dec 31, 2024 | 29.42% |
| Sep 30, 2024 | 31.38% |
| Jun 30, 2024 | 31.99% |
| Mar 31, 2024 | 34.33% |
| Dec 31, 2023 | 32.15% |
| Sep 30, 2023 | 35.27% |