BlackRock (BLK) Operating Margin (2023 - 2026)
BlackRock's (BLK) quarterly Operating Margin came in at 34.74% in Q2 2026, up 282.0% year-over-year from 9.09% in Q2 2025, and down 17.31% quarter-over-quarter from 42.01% in Q1 2026.
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BlackRock (BLK) Operating Margin (2023 - 2026) Analysis & Trends
BlackRock (BLK) has reported Operating Margin for 4 consecutive years, with 34.74% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 282.0% year-over-year to 34.74% in Q2 2026; TTM through Jun 2026 was 32.57%, a 224.0% decrease from a year earlier, with the FY2025 full-year figure at 29.09%, down 802.0% from the prior year.
- Operating Margin was 34.74% for Q2 2026 at BlackRock, down from 42.01% in the prior quarter.
- Over five years, Operating Margin peaked at 42.01% in Q1 2026 and troughed at 23.7% in Q4 2025.
- A 4-year average of 34.45% and a median of 35.27% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin sank 1285 bps in 2025 and surged 983 bps in 2026, its largest moves.
- Over 4 years, Operating Margin stood at 34.23% in 2023, then gained by 7 bps to 36.55% in 2024, then tumbled by 35 bps to 23.7% in 2025, then jumped by 47 bps to 34.74% in 2026.
- The last three Operating Margin figures came in at 34.74% (Q2 2026), 42.01% (Q1 2026), and 23.7% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.98 Bn | 151.11 Bn | - | 34.74% |
| 2 | Spdr Gold Trust | 143.46 Bn | -414.54 Bn | - | - |
| 3 | Ishares Gold Trust | 30.01 Bn | -30.09 Bn | - | - |
| 4 | World Gold Trust | 29.01 Bn | -74.06 Bn | - | - |
| 5 | Principal Financial | 24.83 Bn | -28.13 Bn | 1.91 Bn | 33.33% |
| 6 | iShares Silver Trust | 21.45 Bn | -6.76 Bn | - | - |
| 7 | Franklin Resources | 17.39 Bn | 13.67 Bn | - | 9.15% |
| 8 | Invesco | 14.41 Bn | 13.50 Bn | 1.79 Bn | 19.95% |
| 9 | Affiliated Managers | 9.35 Bn | 8.94 Bn | - | - |
| 10 | Voya Financial | 9.32 Bn | 6.97 Bn | 1.34 Bn | 28.32% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.74% |
| Mar 31, 2026 | 42.01% |
| Dec 31, 2025 | 23.70% |
| Sep 30, 2025 | 30.04% |
| Jun 30, 2025 | 31.92% |
| Mar 31, 2025 | 32.18% |
| Dec 31, 2024 | 36.55% |
| Sep 30, 2024 | 38.60% |
| Jun 30, 2024 | 37.46% |
| Mar 31, 2024 | 35.81% |
| Dec 31, 2023 | 34.23% |
| Sep 30, 2023 | 36.20% |