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% on a QoQ basis from 16.89% in Q4 2025.
BlackRock (BLK) has 4 years of Net Margin data on file, last reported at 34.73% in Q1 2026.
- Quarterly Net Margin rose 601.0% year-over-year to 34.73% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 25.62% (down 470.0% YoY) and the FY2025 annual result came in at 23.46%, down 775.0% from the prior year.
- Net Margin improved to 34.73% in Q1 2026 per BLK's latest filing, from 16.89% in the prior quarter.
- Across five years, Net Margin topped out at 35.27% in Q3 2023 and bottomed at 16.89% in Q4 2025.
- The 4-year median for Net Margin is 31.38% (2024), against an average of 29.73%.
- The widest annual swing landed in 2025, when Net Margin sank 1252 bps; it then jumped 601 bps in 2026.
- Tracing BLK's Net Margin over 4 years: stood at 32.15% in 2023, then retreated by 9 bps to 29.42% in 2024, then plunged by 43 bps to 16.89% in 2025, then surged by 106 bps to 34.73% in 2026.
- Per Business Quant, the three latest BLK Net Margin figures stand at 34.73% (Q1 2026), 16.89% (Q4 2025), and 21.4% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 34.73% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 34.77% |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 8.45% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 46.11% |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | -38.15% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 18.57% |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 18.73% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 37.97% |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 8.40% |
| 10 | Raymond James Financial | 28.62 Bn | 17.38 Bn | - | 12.72% |
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% |