BlackRock (BLK) Net Margin (2023 - 2026)
BlackRock (BLK) posted Net Margin of 27.02% for Q2 2026, down 2.36 percentage points from 29.37% a year earlier and down 6.01 percentage points from the prior quarter.
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Analysis
BlackRock (BLK) Net Margin (2023 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at BlackRock was 24.55%, down 5.13 percentage points year-over-year; for FY2025, it came in at 23.46%, down 7.75 percentage points from FY2024.
- Annual Net Margin shows a three-year change of -5.52 percentage points (FY2022 to FY2025).
- In prior years, BlackRock's Net Margin was 31.21% in FY2024 (+0.40 pp), 30.81% in FY2023 (+1.84 pp) and 28.97% in FY2022.
- Quarterly Net Margin has run from a low of 16.89% in Q4 2025 to a high of 35.47% in Q3 2023 over five years.
- On a year-over-year basis, Net Margin increased in 1 of the last eight quarters, with an average year-over-year change of -3.90 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q1 2026, with a gain of 4.40 percentage points; the weakest was Q4 2025, with a drop of 12.52 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 33.02% (Q1 2026), 16.89% (Q4 2025) and 21.40% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 166.01 Bn | 112.36 Bn | - | 27.02% |
| 2 | Spdr Gold Trust | 133.03 Bn | -424.98 Bn | - | - |
| 3 | Blackstone | 86.20 Bn | 81.13 Bn | - | 24.37% |
| 4 | Kkr | 83.71 Bn | 50.19 Bn | - | 11.53% |
| 5 | Brookfield | 81.54 Bn | -83.85 Bn | 4.47 Bn | 0.00% |
| 6 | Brookfield Asset Management | 71.09 Bn | 67.34 Bn | - | 51.57% |
| 7 | Apollo Global Management | 68.54 Bn | 6.22 Bn | 10.56 Bn | 11.98% |
| 8 | Wheaton Precious Metals | 61.57 Bn | 57.00 Bn | 687.86 Mn | 58.46% |
| 9 | Franco Nevada | 47.40 Bn | 44.76 Bn | 451.00 Mn | 60.94% |
| 10 | Ameriprise Financial | 43.81 Bn | 5.23 Bn | 4.72 Bn | 22.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.02% |
| Mar 31, 2026 | 33.02% |
| Dec 31, 2025 | 16.89% |
| Sep 30, 2025 | 21.40% |
| Jun 30, 2025 | 29.37% |
| Mar 31, 2025 | 28.62% |
| Dec 31, 2024 | 29.42% |
| Sep 30, 2024 | 31.38% |
| Jun 30, 2024 | 31.11% |
| Mar 31, 2024 | 33.27% |
| Dec 31, 2023 | 29.69% |
| Sep 30, 2023 | 35.47% |
API Access
BlackRock Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=BLK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "BLK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=BLK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();