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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

BlackRock (BLK) Operating Margin (2023 - 2026)

BlackRock has reported Operating Margin over the past 3 years, most recently at 54.78% for Q4 2025.

  • Quarterly Operating Margin rose 1193.0% to 54.78% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 6.38% through Dec 2025, down 201.0% year-over-year, with the annual reading at 6.38% for FY2025, 201.0% down from the prior year.
  • Operating Margin was 54.78% for Q4 2025 at BlackRock, down from 30.04% in the prior quarter.
  • Over five years, Operating Margin peaked at 38.6% in Q3 2024 and troughed at 69.62% in Q4 2023.
  • The 3-year median for Operating Margin is 32.05% (2025), against an average of 5.11%.
  • The largest YoY upside for Operating Margin was 1193bps in 2025 against a maximum downside of -856bps in 2025.
  • A 3-year view of Operating Margin shows it stood at 69.62% in 2023, then grew by 4bps to 66.71% in 2024, then increased by 18bps to 54.78% in 2025.
  • Per Business Quant, the three most recent readings for BLK's Operating Margin are 54.78% (Q4 2025), 30.04% (Q3 2025), and 31.92% (Q2 2025).