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
DateValue
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%