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Blackrock BLK Operating margin

Operating margin at other companies

BEN
Franklin ResourcesBEN
9.3%
MicroStrategy logo
MicroStrategyMSTR
518.9%
T Rowe Price Group logo
T Rowe Price GroupTROW
30.7%-2.3pp
SS&C Technologies logo
SS&C TechnologiesSSNC
23.1%+0.1pp
Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
29.4%+4.6pp
ROP
Roper Technologies, Inc.ROP
28.1%-0.1pp

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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Net margin24.4%-5.7pp

Returns & leverage

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Return on equity11.9%-2.4pp
Debt / equity0.3×0.0×

Where this comes from

Calculated from Blackrock’s reported figures.

Based on trailing twelve months.

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 operating margin?
Blackrock (BLK) reported operating margin of 31.8% in Q1 2026.
How has Blackrock's operating margin changed year-over-year?
Blackrock's operating margin decreased by 12.0% year-over-year, from 36.2% to 31.8%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.