BlackRock Past Earnings Performance
Past criteria checks 2/6
BlackRock has been growing earnings at an average annual rate of 2.4%, while the Capital Markets industry saw earnings growing at 4.1% annually. Revenues have been growing at an average rate of 5.6% per year. BlackRock's return on equity is 11%, and it has net margins of 24.4%.
Key information
2.37%
Earnings growth rate
2.24%
EPS growth rate
| Capital Markets Industry Growth | 10.26% |
| Revenue growth rate | 5.62% |
| Return on equity | 10.97% |
| Net Margin | 24.40% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
BlackRock's Global Platform Will Span Technology and Private Markets
Update of My 2025 Report Using Copilot to incorporate data from BlackRock’s latest Annual Report (FY 2025, published February 2026) and align it with the assumptions presented at the March 2025 Investor Day BlackRock – Updated Report Following the FY 2025 Annual Report 1. Revised Projection Framework Based on the projections presented at the March 31, 2025 Investor Day and the audited results for the fiscal year ended December 31, 2025, the five‑year projection framework remains consistent and further reinforced by recent execution.
BLK: Fee Resilience And Margin Discipline Will Support Future Multiple Re Rating
BlackRock's updated analyst price target moves from $1,279.63 to $1,255. This change reflects analysts' use of slightly higher discount rates, more moderate revenue growth and profit margin assumptions, and a modestly higher future P/E multiple, following a mix of recent target increases and reductions across major firms.BlackRock, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Apr 17
BlackRock Is A Buy After Q1 Despite Private Credit Exposure
Apr 15
BlackRock, Inc. (BLK): The "Financial Architect" Orchestrating the $10 Trillion AI and Infrastructure Pivot
BlackRock, Inc. (BLK) , the world's largest asset manager, closed the April 8, 2026, session at $1,001.54 USD on the NYSE.BLK: Fee Resilience And Cost Discipline Will Drive Future Multiple Re Rating
BlackRock's analyst price target has been trimmed, with the fair value estimate moving from about $1,320 to roughly $1,280, as analysts factor in modestly lower revenue growth and profit margin assumptions, along with updates from recent price target revisions across the Street. Analyst Commentary Recent Street research on BlackRock shows a mixed but active set of views, with several firms adjusting price targets in both directions and one major upgrade in rating.BLK: Fee Resilience And Cost Discipline Will Support Future Multiple Re Rating
Narrative Update on BlackRock Analysts have made a modest adjustment to BlackRock's blended price target, with recent cuts such as Evercore ISI trimming its target to $1,235 from $1,275, offset by several earlier target increases in the $30 to $84 range that reflect differing views on recent flow trends and earnings potential. Analyst Commentary Recent commentary on BlackRock paints a mixed picture, with some firms trimming price targets while others lift their estimates or ratings following updates on flows, earnings and management commentary.BLK: Fee Power And Cost Controls Will Support Future Multiple Re Rating
The analyst price target for BlackRock has been trimmed slightly in our model. This reflects a shift toward the lower end of recent Street targets around $1,218 to $1,310 as analysts factor in updated flow data, recent target cuts and upgrades, and modest adjustments to assumed margins and future P/E multiples.BLK: Fee Resilience And Cost Cuts Will Support Future Earnings Power
Our price target narrative on BlackRock remains effectively unchanged at $1,328. The slightly lower discount rate reflects analysts’ updated view that recent Q4 strength, firm Q1 flow trends, and expectations for durable management fee growth and margins support current valuation assumptions.BlackRock's (NYSE:BLK) Dividend Will Be Increased To $5.73
Feb 16BLK: AI Infrastructure Partnership And Cost Cuts Will Support Future Earnings Power
Analysts have made a small downward adjustment to their BlackRock fair value and price target, trimming the figure by about $5 to $1,328 as they refine models that incorporate slightly lower discount rates along with modest tweaks to future P/E and margin assumptions. Analyst Commentary Recent Street research on BlackRock shows a mix of optimism and caution, with several firms adjusting price targets around the US$1,200 to US$1,340 range and a combination of rating upgrades and downgrades.BlackRock's (NYSE:BLK) Upcoming Dividend Will Be Larger Than Last Year's
Feb 02BLK: AI Infrastructure And Data Centers Will Support Future Earnings Power
Analysts have nudged their price targets on BlackRock higher, lifting our fair value estimate by about $28 per share to $1,333.67. This reflects updated assumptions around revenue growth, profitability and future P/E multiples following a mix of recent target increases and rating changes across the Street.BlackRock (NYSE:BLK) Has Announced That It Will Be Increasing Its Dividend To $5.73
Jan 19BLK: AI Infrastructure Buildout Will Support Future Earnings Power Upside
Analysts have nudged their price expectations for BlackRock slightly lower, trimming the fair value estimate from about $1,319 to roughly $1,306 as updated models incorporate recently reduced price targets along with refreshed assumptions on growth, margins, and future P/E multiples. Analyst Commentary Recent research on BlackRock reflects a mix of optimism about the company’s growth drivers and execution, alongside some valuation and near term caution.BLK: AI Infrastructure Expansion Will Drive Future Earnings Power Upside
Analysts have nudged our BlackRock fair value estimate slightly higher to approximately $1,319.33 per share, up from about $1,319.27. This reflects modest upgrades to long term organic growth assumptions, improved earnings visibility toward $100 per share, and continued confidence in the firm's multiple expansion potential following a series of price target increases across the Street into the $1,300 to $1,400 range.BLK: AI Infrastructure Expansion Will Drive Earnings Power And Momentum
Analysts have nudged their average price target for BlackRock slightly higher, to a range clustered around the low to mid $1,300s. This reflects incremental upgrades to long term organic growth expectations, improved earnings power visibility toward roughly $100 per share, and confidence in the firm’s ability to leverage recent Q3 momentum and strategic initiatives such as its AI infrastructure partnership and alternative assets expansion.BLK: Major Data Center Partnerships Will Drive Earnings Momentum This Year
Analysts have modestly increased their price target for BlackRock, now valuing shares at $1,328.64. Recent strong quarterly results and expectations for improved long-term organic growth continue to drive positive sentiment.BLK: Long-Term Net Inflows And Major Data Center Deal Will Drive Outperformance
Analysts have raised their price targets on BlackRock, with most now ranging from approximately $1,312 to $1,407. They cite the company’s strong Q3 results, robust net inflows, and enhanced long-term growth prospects.BLK: Data Center Acquisitions Will Drive Expansion in AI Infrastructure Markets
Analysts have increased their price target for BlackRock, raising it from approximately $1,300 to $1,334. They cite strong Q3 results, robust inflows, improved earnings estimates, and confidence in the firm's long-term growth opportunities.Private Markets And Emerging Regions Will Strengthen Future Prospects
BlackRock's analyst price target has risen from $1,204 to $1,300. This reflects greater confidence among analysts following strong Q3 results and improved organic growth outlooks.Private Markets And Emerging Regions Will Strengthen Future Prospects
The analyst price target for BlackRock has increased from $1,167 to approximately $1,204. This change reflects analysts' higher revenue growth estimates and steady margin improvements, supported by solid industry performance and robust third quarter market returns.Private Markets And Emerging Regions Will Strengthen Future Prospects
With both the Discount Rate and Future P/E holding essentially steady, there has been no meaningful change in BlackRock's consensus analyst price target, which remains at $1167. What's in the News BlackRock plans to invest up to $678M in the UK data center market, launching a new venture, Digital Gravity Partners, with Gravity Edge to acquire and optimize underutilized data centers (Bloomberg, 2025-09-14).Private Markets And Emerging Regions Will Strengthen Future Prospects
The slight reduction in consensus revenue growth forecasts has prompted a marginal decrease in BlackRock’s analyst price target, which declined from $1165 to $1147. What's in the News Rick Rieder, BlackRock’s chief investment officer for global fixed income, is among 11 candidates President Trump is considering for the next Federal Reserve Chair (CNBC).Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How BlackRock makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 25,638 | 6,255 | 2,058 | 0 |
| 31 Dec 25 | 24,216 | 5,553 | 1,975 | 0 |
| 30 Sep 25 | 22,885 | 6,096 | 2,410 | 0 |
| 30 Jun 25 | 21,573 | 6,404 | 2,312 | 0 |
| 31 Mar 25 | 20,955 | 6,306 | 2,229 | 0 |
| 31 Dec 24 | 20,407 | 6,369 | 2,167 | 0 |
| 30 Sep 24 | 19,361 | 6,074 | 2,168 | 0 |
| 30 Jun 24 | 18,686 | 6,047 | 2,135 | 0 |
| 31 Mar 24 | 18,344 | 5,918 | 2,104 | 0 |
| 31 Dec 23 | 17,859 | 5,502 | 2,092 | 0 |
| 30 Sep 23 | 17,565 | 5,386 | 2,077 | 0 |
| 30 Jun 23 | 17,354 | 5,188 | 2,116 | 0 |
| 31 Mar 23 | 17,417 | 4,899 | 2,157 | 0 |
| 31 Dec 22 | 17,873 | 5,178 | 2,054 | 0 |
| 30 Sep 22 | 18,642 | 5,562 | 2,141 | 0 |
| 30 Jun 22 | 19,381 | 5,837 | 2,170 | 0 |
| 31 Mar 22 | 19,675 | 6,138 | 2,100 | 0 |
| 31 Dec 21 | 19,374 | 5,901 | 2,187 | 0 |
| 30 Sep 21 | 18,746 | 5,806 | 2,098 | 0 |
| 30 Jun 21 | 18,065 | 5,489 | 1,977 | 0 |
| 31 Mar 21 | 16,893 | 5,325 | 1,907 | 0 |
| 31 Dec 20 | 16,205 | 4,932 | 2,442 | 0 |
| 30 Sep 20 | 15,704 | 4,685 | 2,448 | 0 |
| 30 Jun 20 | 15,027 | 4,440 | 2,373 | 0 |
| 31 Mar 20 | 14,903 | 4,229 | 2,440 | 0 |
| 31 Dec 19 | 14,539 | 4,476 | 1,705 | 0 |
| 30 Sep 19 | 13,996 | 4,102 | 1,643 | 0 |
| 30 Jun 19 | 13,880 | 4,199 | 1,641 | 0 |
| 31 Mar 19 | 13,961 | 4,269 | 1,578 | 0 |
| 31 Dec 18 | 14,198 | 4,305 | 1,573 | 0 |
| 30 Sep 18 | 14,528 | 5,673 | 1,596 | 0 |
| 30 Jun 18 | 14,460 | 5,401 | 1,560 | 0 |
| 31 Mar 18 | 14,091 | 5,182 | 1,515 | 0 |
| 31 Dec 17 | 13,600 | 4,952 | 1,438 | 0 |
| 30 Sep 17 | 12,726 | 3,508 | 1,352 | 0 |
| 30 Jun 17 | 12,055 | 3,439 | 1,316 | 0 |
| 31 Mar 17 | 11,623 | 3,374 | 1,283 | 0 |
| 31 Dec 16 | 12,261 | 3,168 | 1,280 | 0 |
| 30 Sep 16 | 11,128 | 3,182 | 1,356 | 0 |
| 30 Jun 16 | 11,201 | 3,150 | 1,363 | 0 |
| 31 Mar 16 | 11,302 | 3,180 | 1,359 | 0 |
| 31 Dec 15 | 11,401 | 3,345 | 1,380 | 0 |
| 30 Sep 15 | 11,322 | 3,297 | 1,357 | 0 |
| 30 Jun 15 | 11,261 | 3,371 | 1,414 | 0 |
Quality Earnings: BLK has high quality earnings.
Growing Profit Margin: BLK's current net profit margins (24.4%) are lower than last year (30.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BLK's earnings have grown by 2.4% per year over the past 5 years.
Accelerating Growth: BLK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BLK had negative earnings growth (-0.8%) over the past year, making it difficult to compare to the Capital Markets industry average (20.4%).
Return on Equity
High ROE: BLK's Return on Equity (11%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/04 05:22 |
| End of Day Share Price | 2026/05/04 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
BlackRock, Inc. is covered by 37 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| Kenneth Hill | Barclays |
| Jeremy Campbell | Barclays |