Mostly Markets
Subscribe
Markets
S&P 500 ▼ 1.82%Nasdaq ▼ 2.86%Dow ▼ 1.09%Russell 2000 ▼ 1.66%10-year 4.93%Oil ▲ 0.93%Gold ▼ 3.63%Bitcoin ▲ 1.13%
Newest story
Stocks/Financials/Asset Management & Custody Banks

BlackRockBLK

Asset Management & Custody Banks · New York City, New York · In the S&P 500
Solid businessPricier than peers
$1,147.54−2.44%After hours: $1,147.54 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 4.5% over 1 year
BlackRock over 1 yearDaily close, $, to 30 Oct 2026
$1,000$1,100Nov2026MarMayJulSep$1,148$1,000$1,100NovMarJul$1,148
Source: Nasdaq daily closes
Market value$186B
Price to earnings27.4x
Forward P/E19.1x
Dividend yield2.00%
Year to date+7.2%
One year+4.5%
Next earningsNot scheduled
SectorFinancials
52-week range (closes)
$922.90$1,182.84

The latest on BlackRock

Our stories first, then the headlines that could move it, newest first.

We haven't written about BlackRock yet. Follow it, and its first story will show under My stocks.

Quality and valuation

How BlackRock compares with other financials stocks. A description, not a recommendation.

BlackRock and 7 asset management & custody banks peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: pricier than most

An average business among financials companies, priced above most of them.

BlackRock trades at 19.1 times the next 12 months of expected earnings, against a median of 13.0x for the 84 financials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +95.6% vs +10.2%
  • More profitable (operating margin): 32.6% vs 22.3%
  • Turns less of its sales into cash: 12.9% vs 20.3%
BLK trades at 19.1x forward earnings, above the sector medianForward p/e, Asset Management & Custody Banks peers
AMP10.1xKKR11.4xSTT11.6xAPO12.0xBNY15.2xBLK19.1xBX19.3xARES20.2xSector median 13.0xAMP10.1xKKR11.4xSTT11.6xAPO12.0xBNY15.2xBLK19.1xBX19.3xARES20.2xSector median 13.0x
Source: CNBC quotes; Mostly Markets
At 27.4x earnings, BLK is pricier than its average since Nov 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x25x30xAverage 26.1x2025202627.4x20x25x30xAverage 26.1x2025202627.4x
Source: Nasdaq prices; SEC filings

Financials

From BlackRock's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 30.6% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$2bn$5bnQ3 ’24Q1 ’25Q3 ’25$7.1bnQ2 ’26$0bn$5bnQ3 ’24Q1 ’25Q3 ’25$7.1bnQ2 ’26
Source: SEC filings
Growth sped up to +30.6% last quarterRevenue growth, year on year, %
−400%−200%0%Q3 ’24Q1 ’25Q3 ’2530.6%Q2 ’26−400%−200%0%Q3 ’24Q1 ’25Q3 ’2530.6%Q2 ’26
Source: SEC filings
Operating margin was 34.7% last quarterOperating income as a share of revenue, %
−100%−50%0%Q3 ’24Q1 ’25Q3 ’2534.7%Q2 ’26−100%−50%0%Q3 ’24Q1 ’25Q3 ’2534.7%Q2 ’26
Source: SEC filings
Free cash flow was $3.5 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$-1bn$0bn$1bn$2bnQ3 ’24Q1 ’25Q3 ’25$1.1bnQ2 ’26$0bn$2bnQ3 ’24Q1 ’25Q3 ’25$1.1bnQ2 ’26
Source: SEC filings
Last 12 monthsBLKSector median
Revenue growth+95.6%+10.2%
Operating margin32.6%22.3%
Free cash flow margin12.9%20.3%
Price to earnings27.4x14.6x

Similar companies

Asset Management & Custody Banks, by market value.

CompanyPriceTodayYTDValue
BXBlackstone$118.51−1.73%−23.1%$143B
BNYBNY Mellon$147.11−1.51%+26.7%$98.99B
KKRKKR$94.39−1.49%−26.0%$84.73B
APOApollo Global Management$115.84−2.29%−20.0%$68.41B
STTState Street$169.77−2.29%+31.6%$46.19B
AMPAmeriprise Financial$490.83−1.42%+0.1%$43.36B
ARESAres Management$128.15+0.53%−20.7%$42.33B
NTRSNorthern Trust$169.16−2.17%+23.8%$30.64B