Financial Services · Asset Management
Price
$976.64
Market Cap
$151.6B
Employees
24,900
Beta
1.43
Avg Volume
701,896
CEO
Laurence D. Fink
Business Description
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 Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Dallas, Texas; Denver, Colorado; Greenwich, Connecticut; Houston, Texas; Miami, Florida; Newport Beach, California; Palo Alto, California; Philadelphia, Pennsylvania; Princeton, New Jersey; San Francisco, California; Santa Monica, California; Seattle, Washington; Washington, DC; West Palm Beach, Florida; Wilmington, Delaware; Mexico; Canada; South Africa; Netherlands; Greece; Serbia; Belgium; Hungary; Denmark; Ireland; Scotland; Germany; Switzerland; England; Luxembourg; Spain; Italy; France; Sweden; Austria; India; China; Australia; Hong Kong; South Korea; Singapore; Taiwan; Japan; Colombia; Argentina; Peru; Chile; Brazil; UAE; Saudi Arabia; Israel.
Business History
Price Overview
Last updated: Jun 27, 2026 8:02am (just now)$964.71
-7.21 (-0.74%)
Day Range
$962.72 – $984.01
52-Week Range
$917.39 – $1,219.94
50-Day MA
$1,044.78
200-Day MA
$1,067.01
Volume
1,495,130.00
Analyst Price Targets
Low
$1,140.00
Consensus
$1,306.25
High
$1,430.00
(75 analysts)
Share Structure
Outstanding
155,233,989.00
Float
144,144,073.00
Free Float
92.9%
High free float
— 92.9% of shares trade freely, ~7.1% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
23.95
Stock Price: $976.64
EPS (Diluted): 35.84
EPS (Diluted): 35.84
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.97
Stock Price: $976.64
Total Equity: $55.89B
Shares: 165,400,000
Total Equity: $55.89B
Shares: 165,400,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
15.23
Market Cap: $151.61B
Total Debt: $12.77B
Cash: $11.47B
EBITDA: $8.47B
Total Debt: $12.77B
Cash: $11.47B
EBITDA: $8.47B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$169.5B
Market Cap: $151.61B
Total Debt: $12.77B
Cash: $11.47B
Total Debt: $12.77B
Cash: $11.47B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
55.5%
Gross Profit: $13.45B
Revenue: $24.22B
Revenue: $24.22B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
29.1%
Operating Income: $7.05B
Revenue: $24.22B
Revenue: $24.22B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
22.9%
Net Income: $5.55B
Revenue: $24.22B
Revenue: $24.22B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
11.5%
Net Income: $5.55B
Total Equity: $55.89B
Total Equity: $55.89B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
7.6%
Operating Income: $7.05B
Tax Rate: 22.0%
Equity: $55.89B
Total Debt: $12.77B
Cash: $11.47B
Tax Rate: 22.0%
Equity: $55.89B
Total Debt: $12.77B
Cash: $11.47B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
15.76
Current Assets: $27.42B
Current Liabilities: $1.74B
Current Liabilities: $1.74B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.23
Short-Term Debt: $0.00
Long-Term Debt: $12.77B
Total Debt: $12.77B
Total Equity: $55.89B
Long-Term Debt: $12.77B
Total Debt: $12.77B
Total Equity: $55.89B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$146.41
Revenue: $24.22B
Shares: 165,400,000
Shares: 165,400,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$337.90
Total Equity: $55.89B
Shares: 165,400,000
Shares: 165,400,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$21.48
Operating CF: $3.93B
CapEx: -$375.00M
Shares: 165,400,000
CapEx: -$375.00M
Shares: 165,400,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
2.0%
Last Dividend: N/A
Stock Price: $976.64
Stock Price: $976.64
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $5.55B
Net Income: $5.55B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BLK against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 11:07am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $19.4B | $17.9B | $17.9B | $20.4B | $24.2B |
| Cost of Revenue | $9.6B | $9.2B | $9.3B | $10.3B | $10.8B |
| Gross Profit | $9.8B | $8.7B | $8.6B | $10.1B | $13.4B |
| Operating Expenses | $2.4B | $2.3B | $2.3B | $2.5B | $6.4B |
| Operating Income | $7.5B | $6.4B | $6.3B | $7.6B | $7.0B |
| Net Income | $5.9B | $5.2B | $5.5B | $6.4B | $5.6B |
| EBITDA | $7.9B | $6.9B | $6.8B | $8.2B | $8.5B |
| EPS | $38.76 | $34.31 | $36.85 | $42.45 | $35.84 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 11:07am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $9.3B | $7.4B | $8.7B | $12.8B | $11.5B |
| Total Current Assets | $20.2B | $18.2B | $19.4B | $25.2B | $27.4B |
| Total Assets | $152.6B | $117.6B | $123.2B | $138.6B | $170.0B |
| Current Liabilities | $1.4B | $1.3B | $1.2B | $1.5B | $1.7B |
| Long-Term Debt | $7.4B | $6.7B | $7.9B | $12.3B | $12.8B |
| Total Liabilities | $113.8B | $78.8B | $82.0B | $89.3B | $108.5B |
| Total Equity | $37.7B | $37.7B | $39.3B | $47.5B | $55.9B |
| Retained Earnings | $27.7B | $29.9B | $32.3B | $35.6B | $37.9B |
Cash Flow (Annual)
Last updated: Jun 24, 2026 11:07am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $4.9B | $5.0B | $4.2B | $5.0B | $3.9B |
| Capital Expenditure | -$341.0M | -$533.0M | -$344.0M | -$255.0M | -$375.0M |
| Free Cash Flow | $4.6B | $4.4B | $3.8B | $4.7B | $3.6B |
| Acquisitions (net) | -$1.1B | $0 | -$189.0M | -$2.9B | -$3.5B |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$1.5B | -$2.3B | -$1.9B | -$1.9B | -$2.0B |
| Net Change in Cash | $659.0M | -$1.9B | $1.3B | $4.0B | -$1.3B |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 1:20pm (18h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$28.1B $25.8B – $29.2B
|
$31.2B $28.9B – $33.4B
|
$35.3B $35.0B – $35.5B
|
$37.9B $34.8B – $39.8B
|
| EBITDA |
$10.8B $9.9B – $11.2B
|
$12.0B $11.1B – $12.8B
|
$13.6B $13.5B – $13.7B
|
$14.6B $13.4B – $15.3B
|
| Net Income |
$8.8B $8.6B – $9.0B
|
$9.9B $9.4B – $10.4B
|
$11.6B $9.7B – $13.4B
|
$12.4B $11.1B – $13.2B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 11:07am (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -7.7% | -0.1% | +14.3% | +18.7% |
| Gross Profit Growth | -11.6% | -1.2% | +17.5% | +33.3% |
| Operating Income Growth | -14.3% | -1.7% | +20.7% | -7.0% |
| Net Income Growth | -12.3% | +6.3% | +15.8% | -12.8% |
| EBITDA Growth | -12.7% | -1.8% | +21.2% | +3.3% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 2:59am (5h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-28 | FINK LAURENCE | S-Sale | 9,715.00 | $1,049.61 | $10.2M |
| 2026-04-28 | FINK LAURENCE | S-Sale | 13,834.00 | $1,050.44 | $14.5M |
| 2026-04-28 | FINK LAURENCE | S-Sale | 8,225.00 | $1,051.35 | $8.6M |
| 2026-04-28 | FINK LAURENCE | S-Sale | 2,126.00 | $1,052.50 | $2.2M |
| 2026-04-27 | KAPITO ROBERT | S-Sale | 3,188.00 | $1,056.10 | $3.4M |
| 2026-04-27 | KAPITO ROBERT | S-Sale | 5,364.00 | $1,056.86 | $5.7M |
| 2026-04-27 | KAPITO ROBERT | S-Sale | 187.00 | $1,057.60 | $197,772 |
| 2026-03-31 | Vestberg Hans Erik | A-Award | 36.00 | $0.00 | $0 |
| 2026-03-31 | Robbins Charles | A-Award | 30.00 | $0.00 | $0 |
| 2026-03-31 | PECK KRISTIN C | A-Award | 34.00 | $0.00 | $0 |
| 2026-03-31 | Nixon Gordon M. | A-Award | 38.00 | $0.00 | $0 |
| 2026-03-31 | Nasser Amin H. | A-Award | 30.00 | $0.00 | $0 |
| 2026-03-31 | Murphy Kathleen | A-Award | 40.00 | $0.00 | $0 |
| 2026-03-31 | LEMKAU GREGG | A-Award | 29.00 | $0.00 | $0 |
| 2026-03-31 | Johnson Margaret L | A-Award | 37.00 | $0.00 | $0 |
| 2026-03-31 | Freda Fabrizio | A-Award | 21.00 | $0.00 | $0 |
| 2026-03-31 | FORD WILLIAM E | A-Award | 38.00 | $0.00 | $0 |
| 2026-03-31 | Daley Pamela | A-Award | 40.00 | $0.00 | $0 |
| 2026-02-24 | Kushel J. Richard | S-Sale | 2,000.00 | $1,083.05 | $2.2M |
| 2026-02-24 | Kushel J. Richard | S-Sale | 385.00 | $1,084.91 | $417,690 |
Dividend History (Last 20)
Last updated: Jun 24, 2026 11:07am (2d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-05 | $5.73 | 2026-05-20 | 2026-06-05 | 2026-06-23 |
| 2026-03-06 | $5.73 | 2026-01-15 | 2026-03-06 | 2026-03-24 |
| 2025-12-05 | $5.21 | 2025-11-19 | 2025-12-05 | 2025-12-23 |
| 2025-09-05 | $5.21 | 2025-07-23 | 2025-09-05 | 2025-09-23 |
| 2025-06-05 | $5.21 | 2025-05-15 | 2025-06-05 | 2025-06-23 |
| 2025-03-07 | $5.21 | 2025-01-29 | 2025-03-07 | 2025-03-24 |
| 2024-12-05 | $5.10 | 2024-11-20 | 2024-12-05 | 2024-12-23 |
| 2024-09-09 | $5.10 | 2024-07-24 | 2024-09-09 | 2024-09-23 |
| 2024-06-07 | $5.10 | 2024-05-15 | 2024-06-07 | 2024-06-24 |
| 2024-03-06 | $5.10 | 2024-01-10 | 2024-03-07 | 2024-03-22 |
| 2023-12-06 | $5.00 | 2023-11-08 | 2023-12-07 | 2023-12-22 |
| 2023-09-07 | $5.00 | 2023-07-20 | 2023-09-08 | 2023-09-22 |
| 2023-06-07 | $5.00 | 2023-05-24 | 2023-06-08 | 2023-06-23 |
| 2023-03-06 | $5.00 | 2023-01-25 | 2023-03-07 | 2023-03-23 |
| 2022-12-06 | $4.88 | 2022-11-10 | 2022-12-07 | 2022-12-23 |
| 2022-09-06 | $4.88 | 2022-07-13 | 2022-09-07 | 2022-09-23 |
| 2022-06-03 | $4.88 | 2022-05-25 | 2022-06-06 | 2022-06-23 |
| 2022-03-04 | $4.88 | 2022-01-14 | 2022-03-07 | 2022-03-23 |
| 2021-12-06 | $4.13 | 2021-11-17 | 2021-12-07 | 2021-12-23 |
| 2021-09-03 | $4.13 | 2021-07-21 | 2021-09-07 | 2021-09-22 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for BLK — it's generated by the pipeline (
market-narrative step).
No community reviews yet for BLK.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30