BlackRock (BLK) Net Margin (2023 - 2026)
BlackRock's (BLK) quarterly Net Margin came in at 32.99% in Q1 2026, up 439.0% year-on-year from 6.12% in Q1 2025, and up 105.54% on a QoQ basis from 16.05% 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 32.99% in Q1 2026.
- On a quarterly basis, Net Margin rose 439.0% year-over-year to 32.99% in Q1 2026; TTM through Mar 2026 was 24.39%, a 574.0% decrease from a year earlier, with the FY2025 full-year figure at 22.92%, down 829.0% from the prior year.
- Net Margin for Q1 2026 stood at 32.99%, up from 16.05% in the prior quarter.
- Over the last five years, Net Margin for BLK reached as high as 35.54% in Q3 2023 and fell as low as 16.05% in Q4 2025.
- Historically, Net Margin has averaged 28.87% across 4 years, with a median of 29.7% in 2024.
- Across the five-year window, Net Margin plunged 1365 bps in 2025 and soared 439 bps in 2026, its largest moves.
- Year by year, Net Margin stood at 29.54% in 2023, then grew by 1 bps to 29.7% in 2024, then plunged by 46 bps to 16.05% in 2025, then soared by 106 bps to 32.99% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 32.99% in Q1 2026, 16.05% in Q4 2025, and 20.36% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 0.55% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 32.99% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 34.77% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | -889.40% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 37.97% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 14.05% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 26.07% |
| 10 | Principal Financial | 23.31 Bn | -27.00 Bn | -463.00 Mn | 35.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |