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Blackrock BLK Debt-to-equity

Debt-to-equity at other companies

BEN
Franklin ResourcesBEN
0.3×0.0×
State Street logo
State StreetSTT
0.9×0.0×
Ameriprise Financial logo
Ameriprise FinancialAMP
0.0×
Morgan Stanley logo
Morgan StanleyMS
3.3×+0.3×
MicroStrategy logo
MicroStrategyMSTR
0.2×0.0×
MetLife logo
MetLifeMET
0.5×0.0×

Other financials

Income statement

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Revenue$6.7B+27.0%
Operating income$2.8B+65.7%
Net income$2.2B+46.5%
EPS (diluted)$14.06+45.9%

Balance sheet

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Cash & equivalents$9.9B+27.0%
Total debt$15.0B+5.0%
Total equity$56.7B+18.0%
Total assets$170.24B+19.9%

Cash flow

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Operating cash flow-$980.0M+13.1%
CapEx$106.0M+35.9%
Free cash flow-$1.1B+10.0%

Valuation

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Market cap$164.14B+1.8%
Enterprise value$169.24B+0.8%
P/E26.2×+0.7×
P/S6.4×-1.3×

Profitability

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Operating margin31.8%-4.3pp
Net margin24.4%-5.7pp

Returns & leverage

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Return on equity11.9%-2.4pp

Where this comes from

Calculated from Blackrock’s reported figures.

Based on the most recent quarter.

The official record: Blackrock’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Blackrock's debt-to-equity?
Blackrock (BLK) reported debt-to-equity of 0.3× in Q1 2026.
How has Blackrock's debt-to-equity changed year-over-year?
Blackrock's debt-to-equity decreased by 11.1% year-over-year, from 0.3× to 0.3×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.