BlackRock (BLK) stock
Financials · Asset Management & Custody Banks
BlackRock (BLK) is an Asset Management & Custody Banks company in the Financials sector, headquartered in New York City, New York. As of October 23, 2026, BLK closed at $1,118.25, a market capitalization of $181.69 billion, the 65th largest company in the S&P 500. Over the last twelve months it generated $28.54 billion in revenue (+19% year over year) and $3.52 billion in free cash flow. The stock trades at 25.5x trailing earnings and 17.3x forward earnings.
- 1-year total return: +1.5% (dividends reinvested)
- 5-year return: +6.7% a year
- 52-week range: $917.39 – $1,187.17
- Gross margin 48.3%, operating margin 37.9%
- Dividend yield: 2.05%, 16 straight years of increases
- FI Handbook report card: B- across 9 metrics
- 11th largest of 76 Financials stocks in the S&P 500
BLK price chart
1Y price change: -0.6% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| BLK | +5.4% | +6.2% | +1.5% | +24.8% | +6.7% | +15.3% | +19.9% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1999.
BLK key statistics
- Market cap
- $181.7B
- #65 in S&P 500
- P/E (TTM)
- 25.5x
- Forward P/E
- 17.3x
- EPS (TTM)
- $43.92
- Revenue (TTM)
- $28.5B
- +19%
- Free cash flow
- $3.5B
- Gross margin
- 48.3%
- Operating margin
- 37.9%
- Return on equity
- —
- Dividend yield
- 2.05%
- 52-week range
- $917.39 – $1,187
- Beta
- 1.42
- Price / sales
- 6.4x
- EV / EBITDA
- 15.1x
- Debt / equity
- 0.23x
- Employees
- 24,900
BLK report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth19.1%B
- Gross margin48.3%B
- Operating margin37.9%A
- FCF margin12.3%C
- Return on equity——
- Net debt / EBITDA0.1xB
- Forward P/E17.3xB
- PEG ratio0.9xA
- Shareholder yield2.0%C
- Share count change / yr1.8%D
BlackRock financials
Revenue went from $17.9B in fiscal 2022 to $24.2B in fiscal 2025, growing 10.7% a year.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $17.9B | $17.9B | $20.4B | $24.2B |
| Operating income | $6.4B | $6.3B | $7.6B | $7.0B |
| Net income | $5.2B | $5.5B | $6.4B | $5.6B |
| EPS (diluted) | $33.97 | $36.51 | $42.01 | $35.31 |
| Free cash flow | $4.4B | $3.8B | $4.7B | $3.6B |
| Buybacks | $2.3B | $1.9B | $1.9B | — |
| Dividends paid | $3.0B | $3.0B | $3.1B | — |
| Diluted shares | 152.4M | 150.7M | 151.6M | 160.9M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into BLK?
A reverse DCF asks what growth the current price requires. With an enterprise value of $182.8B and $3.5B of trailing free cash flow, BlackRock needs to grow free cash flow about 35.6% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -7.0% a year over the last five years.
P/E ratio history
Current 31.7x vs. median 25.0x (10th–90th percentile 19.9x–29.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
BLK dividend
- Dividend yield
- 2.05%
- Annual dividend
- $22.92
- Years of increases
- 16
- 5-yr dividend growth
- 7.5%
- per year
- Payout ratio
- 52%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
BLK analyst price targets
17 analysts' average 12-month target is $1,351 (+21% vs. $1,118). Targets range from $1,250 to $1,531. 94% rate it a buy.
BLK earnings
Next report: January 14, 2027. BlackRock has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 14, 2026 | $14.30 | $15.93 | +11.4% |
| Jul 15, 2026 | $12.69 | $13.91 | +9.6% |
| Apr 14, 2026 | $11.46 | $12.53 | +9.3% |
| Jan 15, 2026 | $12.19 | $13.16 | +7.9% |
| Oct 14, 2025 | $11.29 | $11.55 | +2.3% |
| Jul 15, 2025 | $10.81 | $12.05 | +11.5% |
| Apr 11, 2025 | $10.13 | $11.30 | +11.6% |
| Jan 15, 2025 | $11.22 | $11.93 | +6.4% |
Stocks like BLK
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 BX Blackstone | -0.66% | -21% | $141.0B | 26.3x | Compare |
 BNY Bank of New York Mellon Cor | -0.03% | +39% | $97.8B | 16.1x | Compare |
 KKR KKR | -1.88% | -24% | $84.4B | 29.2x | Compare |
 APO Apollo Global Management | -1.74% | -7% | $66.6B | 40.4x | Compare |
 STT State Street | -0.01% | +50% | $45.8B | 13.7x | Compare |
 AMP Ameriprise Financial | -0.93% | +4% | $43.5B | 11.9x | Compare |
 ARES Ares Management | -1.31% | -14% | $40.5B | 56.3x | Compare |
 NTRS Northern Trust | +1.27% | +37% | $30.7B | 13.2x | Compare |
BLK news
- Bitcoin News: BlackRock Just Moved $262 Million in Bitcoin to Coinbase. Is More Selling Coming? · Oct 23, 2026
- RBC iShares / BlackRock (XBAI) Opens the Market · Oct 23, 2026
- BlackRock (BLK) Files Bitcoin Protection ETF And Launches Active Robotics Fund · Oct 23, 2026
- BlackRock's Angara on ETF Product Pipeline · Oct 23, 2026
- The Floor Is Lava: BlackRock Joins Protected Bitcoin ETF Party · Oct 23, 2026
BLK stock FAQ
What is BLK's market cap?
BlackRock's market capitalization is $181.69 billion as of October 23, 2026, ranking 65th in the S&P 500.
What is BLK's P/E ratio?
BLK trades at a trailing price-to-earnings ratio of 25.5x and a forward P/E of 17.3x. Its median P/E over the period we track is 25.0x.
Does BLK pay a dividend?
Yes. BlackRock pays $22.92 per share a year, a 2.05% yield. It has raised its dividend 16 years in a row. Dividends grew 7.5% a year over the last five years.
How much has BLK stock returned?
Including reinvested dividends, BLK returned +1.5% over one year, +6.7% a year over five years, +15.3% a year over ten years through October 23, 2026.
Is BLK stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies BlackRock must grow free cash flow about 36% a year for the next decade. Its free cash flow fell 7% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the BLK price target?
17 analysts cover BLK with an average 12-month price target of $1,351.00, +21% from the current price. 94% of them rate it a buy.
When does BLK report earnings?
BlackRock is expected to report earnings on January 14, 2027. It has beaten EPS estimates 8 quarters in a row.
How many employees does BlackRock have?
BlackRock has about 24,900 full-time employees, or $1.1 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology