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Stocks / United States / BLK · Security Brokers, Dealers & Flotation Companies · NYSE

BlackRock, Inc. (BLK)

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BlackRock, Inc. (BLK) reported revenue of $7.1 billion for Q2 FY2026, the quarter ended 30 June 2026, up 30.6% on the same quarter a year earlier. Net income was $1.9 billion, up 20.2% on the year, and diluted earnings per share $12.19. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$7.1 billionup 30.6%
Net income$1.9 billionup 20.2%
Diluted EPS$12.19
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE11.4%
ROCE12.6%
Operating margin32.6%
Net margin24.1%
FCF margin12.9%
Interest cover16.37
Debt to equity0.22
Cash conversion0.60
Share count, 1 year0.2%
Sales CAGR, 3 years29.8%
Profit CAGR, 3 years2.4%
EPS, TTM$41.73

At the close of 21 September 2026

Price$1,090.27
Market cap$169.0 billion
Stock P/E26.13
Price to book2.93
EV / EBITDA16.51
Dividend yield1.9%
Market cap / sales6.19
52-week high$1,202.59
52-week low$922.90
Price, 1 year-4.6%
Price CAGR, 3 years18.2%
Price CAGR, 5 years5.1%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as BlackRock, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on BLK

Filings19 in twelve months: 9 current reports (8-K), about 4 results of operations; 4 regulation fd disclosure; 2 officer or director change; 1 other events; 1 shareholder vote
Planned insider sales14 Form 144 notices in twelve months, $206.1 million; latest 16 July 2026
Options tapeput/call 0.63 by open interest on 23 September 2026; the straddle prices a 2.5% move to 25 September 2026
Holders13 of the followed funds hold it; largest Capital Research Global Investors; 2 Schedule 13D or 13G filings in twelve months
Insider trading32 sales and 0 purchases on Form 4 in twelve months
Congress6 House trades disclosed in six months
Short interest1.9 million shares short, 3.25 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 11 quarters

Q3 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue4,5224,7284,8055,1975,6775,2765,4236,5097,0086,6987,084
Operating income1,6371,6931,8002,0062,0751,6981,7311,9551,6612,8142,461
Operating margin36%36%37%39%37%32%32%30%24%42%35%
Interest expense82.092.0126154166166173135140134134
Pre-tax income1,8081,9132,0142,2652,1031,7632,2521,9971,6072,8422,719
Tax rate12%15%24%25%21%14%26%24%23%18%25%
Net income1,6041,5731,4951,6311,6701,5101,5931,3231,1272,2121,914
Net margin35%33%31%31%29%29%29%20%16%33%27%
Diluted EPS$10.66$10.48$9.99$10.90$10.64$9.64$10.19$8.43$7.05$14.06$12.19
Operating cash flown/a-4081,3651,3812,618-1,1281,3641,4142,277-9801,227
Capital expendituren/a64.07.094.090.078.089.078.0130106109
Free cash flown/a-4721,3581,2872,528-1,2061,2751,3362,147-1,0861,118
Buybacksn/a634519391386657396n/an/an/an/a
Dividends paidn/a795758757791838808n/an/an/an/a
Shares outstanding155m155mn/a148m155m155m155m155m155m155m155m
Filing10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 4 fiscal years and the trailing twelve months

FY2022FY2023FY2024FY2025TTM
Revenue11,06111,01212,79424,21627,299
Operating income6,3856,2757,5747,0458,891
Operating margin57.7%57.0%59.2%29.1%32.6%
Interest expense212292538614543
Pre-tax income6,2907,1558,2957,6199,165
Income tax1,2961,4791,7831,6772,035
Effective tax rate20.6%20.7%21.5%22.0%22.2%
Net income5,1785,5026,3695,5536,576
Net margin46.8%50.0%49.8%22.9%24.1%
Diluted EPS$33.97$36.51$42.01$35.31$41.73
Filing10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. FY2024: the four quarters as first filed in the 10-Qs do not add to the year as filed in the 10-K, because the company later restated them (a spin-off or discontinued operations).

Cash flow and capital returned

FY2022FY2023FY2024FY2025TTM
Operating cash flow4,9564,1654,9563,9273,938
Capital expenditure533344255375423
Free cash flow4,4233,8214,7013,5523,515
Free cash flow margin40.0%34.7%36.7%14.7%12.9%
Depreciation and amortisation2512632702971,480
Share-based compensation7086307531,3071,461
Buybacks2,3321,8841,930n/an/a
Dividends paid2,9903,0353,101n/an/a
Dividend per share$19.52$20.00$20.40$20.84n/a
Diluted shares, weighted152m151m152m161m165m
Shares outstanding at period endn/a149m155m155m155m
Filing10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2022FY2023FY2024FY2025TTM
Total assetsn/a123,211138,615169,998175,875
Cash and equivalents7,4338,73612,76211,46810,492
Goodwill15,34115,52425,94935,28335,203
Long-term debtn/a7,91812,31412,76812,744
Shareholders' equity37,87639,34747,49555,88857,613
Filing10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a29.8%26.5%
Profit growth, compoundedn/an/a2.4%2.7%
Return on equity, averagen/a12.7%12.4%9.9%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Security Brokers, Dealers & Flotation Companies

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Morgan Stanley MS$324.0 billion16.6617.3%n/a9.3%3.371.9%
Goldman Sachs Group Inc. GS$279.6 billion14.8017.1%n/a4.1%3.571.8%
Charles Schwab Corp. SCHW$184.8 billion19.4720.1%n/a20.3%0.451.0%
BlackRock, Inc. BLK$169.0 billion26.1311.4%32.6%26.5%0.221.9%
Robinhood Markets, Inc. HOOD$112.4 billion54.5621.7%46.0%38.3%0.23n/a
Interactive Brokers Group, Inc. IBKR$42.0 billion37.1419.1%n/a22.1%0.000.1%
Raymond James Financial Inc. RJF$31.7 billion14.3918.2%n/a8.0%0.071.2%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR

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