Where do Blackrock's ratios come from?

Every ratio is computed from Blackrock's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Blackrock BLK Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	128.3%-4.3pp	132.7%-8.0pp	140.7%-4.0pp	144.7%-1.1pp	145.8%—
Net margin	103.7%-5.7pp	109.3%-8.3pp	117.6%-4.7pp	122.4%-2.7pp	125%—
Returns
Return on equity	49.6%-2.4pp	52%-3.9pp	55.9%-2.6pp	58.5%-1.1pp	59.6%—
Leverage
Debt-to-equity	1.1×0.0×	1.1×0.0×	1.2×-0.1×	1.2×—	——
Net debt / EBITDA	2.2×-0.3×	2.5×+0.3×	2.2×+0.6×	1.6×—	——
Per Share
Book value per share	$1,341.59+2.8%	$1,304.71+2.7%	$1,270.55+5.0%	$1,209.67+3.9%	$1,164.27+3.6%
Valuation
Market capitalization	$651.89B+0.4%	$649.24B+1.1%	$641.95B+6.6%	$602.06B+6.9%	$563.36B+4.2%
Price / earnings	107.7×+0.6×	107.1×+5.0×	102.2×+6.5×	95.7×+5.0×	90.7×—
Price / sales	27.8×-1.2×	29×-0.9×	29.9×+0.6×	29.3×+1.0×	28.3×—
Price / book	12×-0.4×	12.5×-0.4×	12.8×-0.2×	13×+0.3×	12.7×-0.1×
EV / EBITDA	78.7×-2.4×	81.1×+1.0×	80.1×+3.3×	76.8×—	——

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Where do Blackrock's ratios come from?: Every ratio is computed from Blackrock's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.