BlackRock is an asset manager from New York. It is known above all for its iShares ETFs and also manages active funds, private assets and infrastructure for private investors, pension funds and governments. Its Aladdin software is also used by other financial firms. As of Oct 13, 2026
According to the company, BlackRock is a publicly traded asset manager for institutional and retail clients worldwide. It offers active, index-based, private markets and money market strategies through mutual funds, iShares exchange-traded funds, separate mandates and other vehicles. Its clients include pension plans, foundations, central banks, sovereign wealth funds, insurers and intermediaries in the retail business. The company also offers technology and data subscriptions, including the Aladdin platform for investment and risk management as well as eFront and Preqin. In July 2025 BlackRock completed the acquisition of HPS Investment Partners, and in March 2025 that of Preqin.
Automatically summarized from SEC annual report (10-K, filed Feb 25, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 15, 2026
Calculated automatically by fixed rules – not investment advice, check for yourself. How we analyze
Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
BlackRock · Sector Financials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 25, 2026.
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
29.1% Fiscal year 2025
Rank 76 of 100: higher than 76% of 192 peers (All). strong.
Rank 42 of 100: higher than 42% of 13 peers (Sector). medium.
Median Financials: 39.0%
Operating income divided by revenue: what the core business earns before interest and taxes.
22.9% Fiscal year 2025
Rank 72 of 100: higher than 72% of 237 peers (All). strong.
Rank 41 of 100: higher than 41% of 33 peers (Sector). medium.
Median Financials: 26.2%
Profit after all costs, interest and taxes divided by revenue.
9.9% Fiscal year 2025
Rank 32 of 100: higher than 32% of 218 peers (All). weak.
Rank 27 of 100: higher than 27% of 32 peers (Sector). weak.
Median Financials: 13.9%
Net income divided by equity at fiscal year end.
3.3% Fiscal year 2025 (total assets at year end)
Rank 31 of 100: higher than 31% of 238 peers (All). weak.
Rank 53 of 100: higher than 53% of 33 peers (Sector). medium.
Median Financials: 2.4%
Net income divided by total assets at fiscal year end.
32.9% Fiscal year 2025
Rank 46 of 100: higher than 46% of 239 peers (All). medium.
Rank 80 of 100: higher than 80% of 33 peers (Sector). strong.
Median Financials: 18.2%
Equity as a share of total assets. Usually low for banks.
14.7% Fiscal year 2025
Rank 51 of 100: higher than 51% of 213 peers (All). medium.
Rank 28 of 100: higher than 28% of 23 peers (Sector). weak.
Median Financials: 25.8%
Free cash flow divided by revenue.
3.6B USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
+29.8% per year
Rank 85 of 100: higher than 85% of 230 peers (All). strong.
Rank 86 of 100: higher than 86% of 32 peers (Sector). strong.
Median Financials: +9.7%
Average growth per year over 3 fiscal years.
+8.4% per year
Rank 36 of 100: higher than 36% of 217 peers (All). medium.
Rank 33 of 100: higher than 33% of 29 peers (Sector). medium.
Median Financials: +9.1%
Average growth per year over 5 fiscal years.
+1.3% per year
Rank 26 of 100: higher than 26% of 157 peers (All). weak.
Rank 10 of 100: higher than 10% of 24 peers (Sector). weak.
Median Financials: +17.6%
Growth of earnings per share per year, adjusted for stock splits.
+2.1% per year
Rank 15 of 100: higher than 15% of 146 peers (All). weak.
Rank 10 of 100: higher than 10% of 25 peers (Sector). weak.
Median Financials: +14.8%
Growth of earnings per share per year, adjusted for stock splits.
+6.0% per year
Rank 31 of 100: higher than 31% of 140 peers (All). weak.
Rank 19 of 100: higher than 19% of 24 peers (Sector). weak.
Median Financials: +11.5%
Growth of earnings per share per year, adjusted for stock splits.
59% Fiscal year 2025
Dividend per share divided by earnings per share.
1.1x Fiscal year 2025
Free cash flow per share divided by dividend per share. From 1x the dividend is covered.
0.23 at fiscal year end
Rank 77 of 100: lower than 77% of 199 peers (All). strong.
Rank 83 of 100: lower than 83% of 26 peers (Sector). strong.
Median Financials: 0.83
Long-term financial debt divided by equity.
+3.9% in 5 years
Rank 33 of 100: lower than 33% of 199 peers (All). medium.
Rank 19 of 100: lower than 19% of 24 peers (Sector). weak.
Median Financials: −6.1%
Change in diluted share count. Negative = share buybacks, positive = new shares.
Banks and insurers usually do not report gross margin, current assets or capital expenditure – those criteria then do not count. Debt is part of their business.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 24.2B USD · Net income 5.6B USD · Net margin 22.9%
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Of 100 USD of revenue, 29.1 USD operating income and 22.9 USD net income remained.
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 24.2B USD | 100.0% |
| Operating income | 7.0B USD | 29.1% |
| Cost of revenue and operating expenses | 17.2B USD | 70.9% |
| Net income | 5.6B USD | 22.9% |
| Interest expense | 614.0M USD | 2.5% |
| Taxes & other (net) | 878.0M USD | 3.6% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
The operating margin fell in 5 years from 35.1% to 29.1%.
Operating marginNet marginReturn on equity fell in 5 years from 14.0% to 9.9%.
Return on equityReturn on assetsThe equity ratio rose in 5 years from 19.9% to 32.9%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.The share count rose in 5 years by 3.9% – more new shares were issued than repurchased (dilution).
Diluted share countBanks and insurers: gross margin, current assets and capital expenditure are usually not reported and cash flow is not meaningful there – those lines and charts are omitted.
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
The dividend per share rose in 3 years from 19.52 USD to 20.84 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.The payout ratio rose in 3 years from 57.5% to 59.0%.
Payout ratio (earnings)Payout ratio (free cash flow)Over 4 years, 7.6B USD went back to shareholders through share repurchases; we do not have dividends paid as a total for 2025.
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USDFor banks and insurers free cash flow is not meaningful; ratios to free cash flow are usually omitted.
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
BlackRock next to 8 stocks of the sector Financials we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| PYPL PayPal | 33.2B USD | +9.1% | – | 18.3% | 15.8% | 25.8% | 25.3% | – | – |
| MA Mastercard | 32.8B USD | +16.5% | – | 57.6% | 45.6% | 193.2% | 14.3% | – | – |
| USB U.S. Bancorp | 28.7B USD | – | – | – | 26.4% | 11.6% | 9.4% | – | – |
| MRSH Marsh McLennan | 27.0B USD | +9.4% | – | 23.1% | 15.4% | 27.2% | 26.1% | – | – |
| BLK BlackRock this stock | 24.2B USD | +8.4% | – | 29.1% | 22.9% | 9.9% | 32.9% | – | – |
| SCHW Charles Schwab Corporation | 23.9B USD | +15.4% | – | – | 37.0% | 17.9% | 10.1% | – | – |
| PNC PNC Financial Services | 23.1B USD | +6.4% | – | – | 30.0% | 11.4% | 10.6% | – | – |
| BNY BNY Mellon | 20.1B USD | +4.9% | – | – | 27.6% | 12.5% | 9.4% | – | – |
| KKR KKR & Co. | 19.5B USD | +35.7% | – | – | 12.2% | 7.7% | 7.5% | – | – |
| Median of the sector 33 symbols | 27.0B USD | +9.1% | – | 39.0% | 26.2% | 13.9% | 18.2% | – | – |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 79 symbols in the Financials sector on our list (current members of the S&P 500 and other lists).
+8.4% per year, last 5 years
Sector Financials: median +8.8% (73 symbols)
What does this mean? Revenue: over 5 years it grew by 8.4% per year on average, but more slowly than the median company in the sector (+8.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
+2.4% per year, last 5 years
Sector Financials: median +13.8% (71 symbols)
per share: +2.1% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 2.4% per year on average, but more slowly than the median company in the sector (+13.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
22.9% last fiscal year
Sector Financials: median 19.4% (75 symbols)
What does this mean? Of every 100 USD in revenue, 22.93 USD remained as profit – at least as much as the median company in the sector (19.4%). Five years ago the margin was 30.4%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
0.22 latest balance sheet
Sector Financials: median 0.63 (60 symbols)
What does this mean? For every 1 USD of equity there is 0.22 USD of financial debt – no more than the median company in the sector (0.63). For banks and insurers, debt is part of the business – so the comparison is only with their own sector.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
59% Dividend / earnings per share
Sector Financials: median 34% (58 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.59 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 34%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
10 of 10 fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 24.2B | 5.6B | 22.9% | 35.31 | 20.84 | 59% |
| 2024 | Dec 31, 2024 | 12.8B | 6.4B | 49.8% | 42.01 | 20.40 | 49% |
| 2023 | Dec 31, 2023 | 11.0B | 5.5B | 50.0% | 36.51 | 20.00 | 55% |
| 2022 | Dec 31, 2022 | 11.1B | 5.2B | 46.8% | 33.97 | 19.52 | 57% |
| 2021 | Dec 31, 2021 | 12.0B | 5.9B | 49.1% | 38.22 | – | – |
| 2020 | Dec 31, 2020 | 16.2B | 4.9B | 30.4% | 31.85 | – | – |
| 2019 | Dec 31, 2019 | 14.5B | 4.5B | 30.8% | 28.43 | – | – |
| 2018 | Dec 31, 2018 | 14.2B | 4.3B | 30.3% | 26.58 | 12.02 | 45% |
| 2017 | Dec 31, 2017 | 13.6B | 5.0B | 36.5% | 30.23 | 10.00 | 33% |
| 2016 | Dec 31, 2016 | 12.3B | 3.2B | 25.9% | 19.04 | 9.16 | 48% |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 7.1B | 1.9B | 27.0% | 12.19 | 5.73 | 47% |
| Q1/26 | Mar 31, 2026 | 6.7B | 2.2B | 33.0% | 14.06 | 5.73 | 41% |
| Q4/25* | Dec 31, 2025 | 7.0B | 1.1B | 16.1% | – | 5.21 | – |
| Q3/25 | Sep 30, 2025 | 6.5B | 1.3B | 20.3% | 8.43 | 5.21 | 62% |
| Q2/25 | Jun 30, 2025 | 5.4B | 1.6B | 29.4% | 10.19 | 5.21 | 51% |
| Q1/25 | Mar 31, 2025 | 5.3B | 1.5B | 28.6% | 9.64 | 5.21 | 54% |
| Q4/24* | Dec 31, 2024 | – | 1.7B | – | – | 5.10 | – |
| Q3/24 | Sep 30, 2024 | 5.2B | 1.6B | 31.4% | 10.90 | 5.10 | 47% |
| Q2/24 | Jun 30, 2024 | 4.8B | 1.5B | 31.1% | 9.99 | 5.10 | 51% |
| Q1/24 | Mar 31, 2024 | 4.7B | 1.6B | 33.3% | 10.48 | 5.10 | 49% |
| Q4/23* | Dec 31, 2023 | – | 1.4B | – | – | 5.00 | – |
| Q3/23 | Sep 30, 2023 | 4.5B | 1.6B | 35.5% | 10.66 | 5.00 | 47% |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $00 people | $0 |
| 6 months | $00 people | $57.6M2 people | −$57.6M |
| 12 months | $00 people | $192.2M7 people | −$192.2M |
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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