Global asset manager providing investment management, risk management, and advisory services globally.
Profile & Fundamentals
BlackRock: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
BlackRock Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe. The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities. It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices. BlackRock, Inc. was founded in 1988 and is based in New York, New York with additional offices in A
Company profile record
BlackRock Inc
Common Stock · Financials · Asset Management & Custody Banks
Company
- Company / asset
- BlackRock Inc
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Asset Management & Custody Banks
- HQ
- 🇺🇸 United States
- Head office
- 50 Hudson Yards, New York, NY, United States, 10001
Leadership & scale
- Chief executive
- Mr. Laurence Douglas Fink
- CEO year born
- 1952
- Full-time employees
- 26.2K
- Fiscal year end
- December
- IPO date
- 1999-10-01
Fundamentals snapshot
- Market Cap
- USD 177.9B
- P/E
- 27.1x
- Revenue (Q2 26)
- USD 7.1B
- Profit (Q2 26)
- USD 1.9B
- Dividend Yield
- 1.5%
- Revenue (FY 25)
- USD 24.2B
- Shares in public float
- 143.8M
- Insider ownership
- 1.92%
Reporting & identifiers
- Symbol
- BLK.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US09290D1019
- Asset ID
- equity_ac3e6235-70fa-509a-9137-88ef0f3b9a1e
Ownership
Shares Outstanding
Latest: 164.8M | Max: 165.4M | Min: 150.2M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
87.27%
143.8M latest reported shares
Insider Ownership
1.92%
Latest reported insider stake
Short Float
0.01%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 164,457,800 |
| 2018-01-01 | 161,094,600 |
| 2019-01-01 | 157,524,300 |
| 2020-01-01 | 155,133,400 |
| 2021-01-01 | 155,184,900 |
| 2022-01-01 | 151,839,400 |
| 2023-01-01 | 150,200,000 |
| 2024-01-01 | 157,000,000 |
| 2025-01-01 | 165,400,000 |
| 2026-01-01 | 164,800,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 10,132,776 | 6.54% | 2026-03-31 |
| Vanguard Capital Management, LLC | 9,240,600 | 5.97% | 2026-03-31 |
| State Street Corp | 6,278,663 | 4.05% | 2026-03-31 |
| Bank of America Corp | 5,232,973 | 3.38% | 2026-03-31 |
| Temasek Holdings Ltd. | 5,195,165 | 3.35% | 2026-06-30 |
| Wellington Management Company LLP | 4,495,074 | 2.9% | 2026-06-30 |
| Capital Research Global Investors | 4,458,212 | 2.88% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 4,440,344 | 2.87% | 2026-08-31 |
| Vanguard 500 Index Investor | 3,832,571 | 2.47% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 3,531,954 | 2.28% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 3,437,546 | 2.22% | 2026-03-31 |
| Geode Capital Management, LLC | 3,253,795 | 2.1% | 2026-03-31 |
| NORGES BANK | 2,831,565 | 1.83% | 2026-06-30 |
| Wells Fargo & Co | 2,476,370 | 1.6% | 2026-03-31 |
| Franklin Templeton Inc | 2,228,886 | 1.44% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's latest financial results tell a story of rapid top-line growth driven by recent acquisitions and rising client assets. In the second quarter of 2026, revenue surged over thirty percent to $7.08 billion, supported by record platform assets reaching $15.3 trillion. Adjusted earnings looked impressive as higher fees from private loans and infrastructure projects began kicking in. However, the cash picture reveals important caution beneath the headlines. While reported net income reached $6.58 billion over the trailing twelve months, actual free cash flow stood much lower at $2.32 billion. High transaction expenses, employee retention costs, and accounting amortizations ate up cash, meaning true distributable cash flow remains tighter than headline earnings suggest.
The company's latest financial results tell a story of rapid top-line growth driven by recent acquisitions and rising client assets. In the second quarter of 2026, revenue surged over thirty percent to $7.08 billion, supported by record platform assets reaching $15.3 trillion. Adjusted earnings looked impressive as higher fees from private loans and infrastructure projects began kicking in. However, the cash picture reveals important caution beneath the headlines. While reported net income reached $6.58 billion over the trailing twelve months, actual free cash flow stood much lower at $2.32 billion. High transaction expenses, employee retention costs, and accounting amortizations ate up cash, meaning true distributable cash flow remains tighter than headline earnings suggest.
Revenue, Net Income, and Free Cash Flow
Latest: USD 24.2B | Max: USD 24.2B | Min: USD 2.0B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 32x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profit margins present two contrasting pictures depending on the accounting lens used. Full-year 2025 official GAAP operating margins dropped to 29.1%, weighed down by heavy merger expenses and non-cash depreciation. By contrast, management's adjusted operating margin climbed to a peak of 45.9% in mid-2026 as revenue expanded. The real trend lies in between. While higher-fee private debt and software subscriptions clearly help profitability, low-cost competition in core index funds continuously drags down average fee rates. Investors should view peak adjusted margins cautiously until the business proves it can maintain them without temporary accounting add-backs.
Profit margins present two contrasting pictures depending on the accounting lens used. Full-year 2025 official GAAP operating margins dropped to 29.1%, weighed down by heavy merger expenses and non-cash depreciation. By contrast, management's adjusted operating margin climbed to a peak of 45.9% in mid-2026 as revenue expanded. The real trend lies in between. While higher-fee private debt and software subscriptions clearly help profitability, low-cost competition in core index funds continuously drags down average fee rates. Investors should view peak adjusted margins cautiously until the business proves it can maintain them without temporary accounting add-backs.
Profitability Margins
Latest: 46.7% | Max: 51.0% | Min: 22.9%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
46.7%
Gross profit / revenue
Operating Margin
29.1%
Operating income / revenue
Net Margin
22.9%
Net income / revenue
FCF Margin
14.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 12,261,000,000 | 3,172,000,000 | 2,035,000,000 |
| 2017-12-31 | 13,600,000,000 | 4,952,000,000 | 3,673,000,000 |
| 2018-12-31 | 14,198,000,000 | 4,305,000,000 | 2,871,000,000 |
| 2019-12-31 | 14,539,000,000 | 4,476,000,000 | 2,630,000,000 |
| 2020-12-31 | 16,205,000,000 | 4,932,000,000 | 3,549,000,000 |
| 2021-12-31 | 19,374,000,000 | 5,901,000,000 | 4,603,000,000 |
| 2022-12-31 | 17,873,000,000 | 5,178,000,000 | 4,423,000,000 |
| 2023-12-31 | 17,859,000,000 | 5,502,000,000 | 3,821,000,000 |
| 2024-12-31 | 20,407,000,000 | 6,369,000,000 | 4,701,000,000 |
| 2025-12-31 | 24,216,000,000 | 5,553,000,000 | 3,552,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 31.88 | Trailing four quarters |
| 2024-12-31 | 25.27 | Trailing four quarters |
| 2023-12-31 | 22.16 | Trailing four quarters |
| 2022-12-31 | 20.78 | Annual net income |
| 2021-12-31 | 24.08 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 49.08 | 37.27 | 25.87 | 16.6 |
| 2017-12-31 | 49.92 | 38.63 | 36.41 | 27.01 |
| 2018-12-31 | 50.75 | 38.43 | 30.32 | 20.22 |
| 2019-12-31 | 50.94 | 38.18 | 30.79 | 18.09 |
| 2020-12-31 | 51.01 | 35.14 | 30.44 | 21.9 |
| 2021-12-31 | 50.68 | 38.45 | 30.46 | 23.76 |
| 2022-12-31 | 48.59 | 35.72 | 28.97 | 24.75 |
| 2023-12-31 | 48.05 | 35.14 | 30.81 | 21.4 |
| 2024-12-31 | 49.42 | 37.11 | 31.21 | 23.04 |
| 2025-12-31 | 46.7 | 29.08 | 22.93 | 14.67 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-10-01.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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