BlackRock (BLK) Net Margin (2023 - 2026)
BlackRock's (BLK) quarterly Net Margin came in at 27.15% in Q2 2026, down 221.0% year-over-year from 22.43% in Q2 2025, and down 17.73% quarter-over-quarter from 32.99% in Q1 2026.
Analysis
BlackRock (BLK) Net Margin (2023 - 2026) Analysis & Trends
BlackRock (BLK) has reported Net Margin for 4 consecutive years, with 27.15% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 221.0% year-over-year to 27.15% in Q2 2026; TTM through Jun 2026 was 24.11%, a 559.0% decrease from a year earlier, with the FY2025 full-year figure at 22.92%, down 829.0% from the prior year.
- Net Margin was 27.15% for Q2 2026 at BlackRock, down from 32.99% in the prior quarter.
- Over five years, Net Margin peaked at 35.54% in Q3 2023 and troughed at 16.05% in Q4 2025.
- A 4-year average of 28.73% and a median of 29.62% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin tumbled 1365 bps in 2025 and jumped 439 bps in 2026, its largest moves.
- Over 4 years, Net Margin stood at 29.54% in 2023, then rose by 1 bps to 29.7% in 2024, then plunged by 46 bps to 16.05% in 2025, then jumped by 69 bps to 27.15% in 2026.
- The last three Net Margin figures came in at 27.15% (Q2 2026), 32.99% (Q1 2026), and 16.05% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 166.84 Bn | 152.97 Bn | - | 27.15% |
| 2 | Spdr Gold Trust | 146.01 Bn | -412.00 Bn | - | - |
| 3 | Ishares Gold Trust | 30.54 Bn | -29.57 Bn | - | - |
| 4 | World Gold Trust | 29.53 Bn | -73.54 Bn | - | - |
| 5 | Principal Financial | 24.58 Bn | -28.39 Bn | 1.91 Bn | 11.02% |
| 6 | iShares Silver Trust | 22.65 Bn | -5.56 Bn | - | - |
| 7 | Franklin Resources | 17.60 Bn | 13.88 Bn | - | 10.83% |
| 8 | Invesco | 14.52 Bn | 13.60 Bn | 1.79 Bn | 18.91% |
| 9 | Affiliated Managers | 9.42 Bn | 9.01 Bn | - | 37.05% |
| 10 | Voya Financial | 9.29 Bn | 6.93 Bn | 1.34 Bn | 4.75% |
Historic Data
Download Data
Historic 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% |