BlackRock
Manages public and private portfolios and provides Aladdin investment technology.
Something off on this page? Send us feedback.
Profile
Manages index, active, cash, and private-market strategies for institutional and retail clients worldwide, led by iShares ETFs and enlarged infrastructure and private-credit platforms. Most revenue comes from asset-based fees, while Aladdin, eFront, and Preqin add recurring technology and data subscriptions.
Manages index and active portfolios across equities, fixed income, multi-asset, cash, and alternatives for institutional and retail clients across the Americas, EMEA, and Asia-Pacific. iShares supplies exchange-traded funds, while private markets span infrastructure, private credit, real estate, and private equity through GIP and Private Financing Solutions.
Runs Aladdin as an end-to-end investment and risk operating system for its own teams and external clients; eFront and Preqin extend the platform into private-market workflows and data. Global distribution, integrated risk analytics, and breadth across public and private markets support whole-portfolio mandates.
Earns most revenue from advisory and administration fees tied to assets under management, with additional technology subscriptions, performance fees, securities lending, and distribution fees. Results therefore depend on market levels, client flows, investment performance, and continued access to tightly regulated financial markets across multiple jurisdictions.
Company facts
Categories
Key statistics
Year to date +7.3% · Average volume (30d) 586.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Evercore ISI | Reiterate | Outperform | $1,145 | $1,260 | |
| Jul 16, 2026 | Deutsche Bank | Reiterate | Buy | $1,380 | $1,258 | |
| Jul 16, 2026 | UBS | Reiterate | Buy | $1,235 | $1,320 | |
| Jul 16, 2026 | Goldman Sachs | Reiterate | Buy | $1,313 | $1,389 | |
| Jul 16, 2026 | Morgan Stanley | Reiterate | Overweight | $1,383 | $1,488 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 15, 2026Q2 FY26 | $12.69 | $13.91 | +9.6% | $6.73B | $7.08B | +5.3% | −0.58% |
| Apr 14, 2026Q1 FY26 | $11.65 | $12.53 | +7.6% | $6.55B | $6.70B | +2.2% | −0.57% |
| Jan 15, 2026Q4 FY25 | $12.24 | $13.16 | +7.5% | $6.76B | $7.01B | +3.7% | +0.56% |
| Oct 14, 2025Q3 FY25 | $11.36 | $11.55 | +1.7% | $6.33B | $6.51B | +2.8% | +0.70% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.28B | $5.42B | $6.51B | $7.01B | $6.70B | $7.08B | |
| Gross profit | $2.53B | $2.60B | $2.99B | $3.20B | $3.22B | $5.81B | |
| Operating income | $1.70B | $1.73B | $2.05B | $1.66B | $2.26B | $2.53B | |
| Net income | $1.51B | $1.59B | $1.32B | $1.13B | $2.21B | $1.91B | |
| Diluted EPS | $9.64 | $10.19 | $8.43 | $7.16 | $14.06 | $12.19 | |
| Gross margin | 47.9% | 47.9% | 45.9% | 45.6% | 48.0% | 82.0% | |
| Operating margin | 32.2% | 31.9% | 31.4% | 23.7% | 33.8% | 35.7% |
Fiscal years (4-quarter sums)FY21 $19.37B · FY22 $17.87B · FY23 $17.86B · FY24 $20.41B · FY25 $24.22B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $25.64B · Total debt $14.97B · Total assets $175.88B · Shareholders' equity $57.61B
Dividends
Raised for 21 straight years — most recently to $5.73 from $5.21 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 5, 2026 | Jun 5 | Jun 23 | $5.73 | |
| Mar 6, 2026 | Mar 6 | Mar 24 | $5.73 | raised from $5.21 |
| Dec 5, 2025 | Dec 5 | Dec 23 | $5.21 | |
| Sep 5, 2025 | Sep 5 | Sep 23 | $5.21 | |
| Jun 5, 2025 | Jun 5 | Jun 23 | $5.21 | |
| Mar 7, 2025 | Mar 7 | Mar 24 | $5.21 | raised from $5.10 |
| Dec 5, 2024 | Dec 5 | Dec 23 | $5.10 | |
| Sep 9, 2024 | Sep 9 | Sep 23 | $5.10 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 155.00M · Float 143.93M · 92.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 10.14M | 6.54% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 9.28M | 5.99% | 13F | Aug 13, 2026 |
| State Street Corp | 6.41M | 4.14% | 13F | Aug 7, 2026 |
| Temasek Holdings (Private) Ltd | 5.20M | 3.35% | 13F | Aug 7, 2026 |
| Bank of America Corp /DE/ | 4.59M | 2.96% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 16, 2026 | Christopher J. Meade | officer: General Counsel and CLO | −18,095 | $1,102.09 |
| Jul 16, 2026 | Laurence Fink | director, officer: Chairman and CEO | −1,905 | $1,080.57 |
| Apr 28, 2026 | Laurence Fink | director, officer: Chairman and CEO | −33,900 | $1,050.55 |
| Apr 27, 2026 | Robert Kapito | director, officer: President | −8,739 | $1,056.60 |
| Feb 24, 2026 | J. Richard Kushel | officer: Senior Managing Director | −2,385 | $1,083.35 |
Peers
- Blackstone
World's largest alt manager (~$1.27T AUM); most direct private-markets rival.
- Apollo Global Management
~$938B AUM; world's #1 private credit manager and most direct HPS rival.
- State Street
ETF oligopoly peer via SPDR; co-defendant in coal antitrust suit with BLK.
- Ares Management
~$622B AUM; fastest-growing large alts platform in private credit and real assets
- KKR
~$686B AUM alternatives giant; competes in private credit and infrastructure.
- Invesco
QQQ franchise (~$374B) now contested by BLK's filed IQQ Nasdaq 100 ETF.
- T. Rowe Price
Largest active target-date fund provider; head-to-head in retirement mandates.
- Franklin Templeton
Multi-boutique active manager; Western Asset contests BLK in fixed income.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BlackRock | $1,163.84 | −0.03% | $180.49B | 27.8 | 19.5 | 6.6 | +30.6% |
| Blackstone | $142.86 | +0.35% | $171.97B | 31.6 | 22.2 | 10.7 | +2.4% |
| Apollo Global Management | $135.48 | +0.35% | $77.78B | 30.2 | 13.8 | 2.2 | +63.7% |
| State Street | $193.32 | +0.01% | $53.51B | 17.1 | 13.5 | 2.3 | −30.2% |
| Ares Management | $142.53 | +0.04% | $46.81B | 59.1 | 21.9 | 7.3 | +5.8% |
| KKR | $108.40 | −0.21% | $97.58B | 34.2 | 16.3 | 4.6 | −44.8% |
| Invesco | $32.86 | +0.05% | $14.57B | — | 10.8 | 2.1 | −12.3% |
| T. Rowe Price | $111.60 | +0.32% | $23.84B | 11.2 | 10.8 | 3.1 | +10.7% |
| Franklin Templeton | $35.05 | +1.15% | $18.01B | 23.1 | 11.3 | 1.9 | −12.0% |
| Median | 30.2 | 13.6 | 2.7 | −4.8% |