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BlackRock, Inc.
NYSE: BLK Financials AMC 🔎 Screen
S&P 500
🏹 Trader: 🎯 Near 52W High View all →
$167.3B
Market Cap
30.3
P/E
1.55
PEG
12.0%
ROCE
10.7%
ROE
0.24
D/E
35.4%
OPM
-11.9%
% from 52W High
37
α RS
🔍 BLK is showing a high-conviction setup because it matches 4 of 39 tracked screener presets, an ECS of 57.7 last quarter, and it's within 11.9% of its 52-week high. Net: Broad signal stack, not a recommendation. ? Conviction ECS 52W High
Sources
Conviction 4/39 · ECS 57.7 · 11.9% from 52W high
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🌏 Global Investor Returns
Currency-adjusted total returns for BLK including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe. The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities. It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices. BlackRock, Inc. was founded in 1988 and is based in New York, New York with additional offices in Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Dallas, Texas; Denver, Colorado; Greenwich, Connecticut; Houston, Texas; Miami, Florida; Newport Beach, California; Palo Alto, California; Philadelphia, Pennsylvania; Princeton, New Jersey; San Francisco, California; Santa Monica, California; Seattle, Washington; Washington, DC; West Palm Beach, Florida; Wilmington, Delaware; Mexico; Canada; South Africa; Netherlands; Greece; Serbia; Belgium; Hungary; Denmark; Ireland; Scotland; Germany; Switzerland; England; Luxembourg; Spain; Italy; France; Sweden; Austria; India; China; Australia; Hong Kong; South Korea; Singapore; Taiwan; Japan; Colombia; Argentina; Peru; Chile; Brazil; UAE; Saudi Arabia; Israel.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding BLK
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Manager Shares Value % of Fund Period
Jeff Ubben ValueAct Holdings 546.1K $525.2M 9.19% Mar 2026
Steve Cohen Point72 Asset Management 53.2K $51.1M 0.07% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$7.1B
+31% YoY
Operating Income
$2.9B
+39% YoY
Operating Margin
45.9%
+260 bps YoY
Net Income
$2.3B
+22% YoY
What Went Right
  • Record revenue of $7.1B (+31% YoY) and record Q2 net inflows of $192B; first-half inflows of $321B more than doubled YoY.
  • Organic base fees grew 8% in Q2 and 10% over the last 12 months; iShares net inflows were $178B, crossing $6T in AUM, while active ETFs added $20B.
  • Adjusted operating margin expanded 260 bps to 45.9%, the highest in nearly five years; planned share repurchases were raised to at least $550M per quarter.
What to Watch
  • Institutional index net outflows of $41B were concentrated in low-fee index equities.
  • Cash management saw $7B net outflows from U.S. government funds, partly offset by bespoke liquidity solutions.
  • Distribution-platform fee/revenue-sharing pressure was raised by analysts; management said it is not paying tolls on index ETFs with major U.S. distributors.
Management Guidance
  • No explicit Q3 2026 revenue guidance was provided; management highlighted durable organic growth and above-target base-fee growth.
  • Adjusted operating margin target of 45% or greater; 2030 plan targets more than 30% of revenue from private markets and technology.
  • 2026 as-adjusted tax rate expected around 25%; full-year G&A expected to increase mid-single digits after annualizing HPS and Preqin.
  • Share repurchases planned at a minimum of $550M per quarter; approximately $5.7B total capital return expected in 2026.
Investor Lens
The thesis is stronger after this call: record flows, broad-based growth and margin expansion validate the integrated public/private/tech strategy. Raising planned buybacks and delivering 10% organic base-fee growth signal strong management confidence. Direct indexing, active ETFs, private credit and Aladdin/Preqin remain durable growth engines. Key sensitivities are low-fee index outflows, cash outflows and any future distribution-fee renegotiation.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Record Q2 with $7.1B revenue, $192B inflows and 45.9% margin.
Revenue
Revenue rose 31% YoY to $7.1B, driven by organic growth, market beta, the HPS acquisition and higher technology revenue. Base fees and securities lending revenue were $5.7B, up 29% YoY, with HPS contributing about $230M, while technology services revenue grew 13%.
Profitability
As-adjusted net income rose 22% YoY to $2.29B, producing diluted EPS of $13.91, up 15% YoY; GAAP EPS was $12.19. Adjusted operating income increased 39% to $2.9B, with revenue, operating income and EPS all at quarterly records.
Margins
Adjusted operating margin expanded 260 bps YoY to 45.9%, the highest in nearly five years; excluding performance fees and related compensation, margin was 46.5%. Cost growth of 25% YoY reflected HPS-related headcount, incentive compensation and distribution costs, but scale and mix drove improved operating leverage.
Balance Sheet
Balance sheet metrics such as cash, debt or CapEx were not discussed in detail. The call highlighted capital return, with $450M of share repurchases in Q2 and a planned ~$5.7B total return to shareholders in 2026.
Key Risks
Institutional index outflows of $41B and cash management outflows of $7B were the main flow headwinds. Management also faced questions on possible distribution/platform fee pressure, though it said no index-ETF tolls are in place with major U.S. distributors. Private credit and infrastructure execution remain sensitive to market and regulatory conditions.
Outlook
Next-quarter revenue guidance was not provided; management reiterated confidence in durable above-target organic base-fee growth and a 45%+ margin trajectory. For 2026, it expects a ~25% tax rate, mid-single-digit G&A growth, and at least $550M of quarterly buybacks.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (4 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (4)
Q2 2026 Q2 2026 2026-07-15
Record net inflows and double-digit growth in revenue, operating income, and EPS marked a strong Q2 2026, with AUM reaching $15.3 trillion. Margin expansion, robust flows across ETFs, private markets, and technology, and increased capital returns highlight durable growth momentum.
Q1 2026 Q1 2026 2026-04-14
Q1 2026 saw double-digit growth in revenue, operating income, and EPS, with $130B in net inflows and 8% organic base fee growth. Record ETF inflows, strong private markets, and technology services drove results, while margin expansion and continued share repurchases signal ongoing confidence.
Q4 2025 Q4 2025 2026-01-15
Record net inflows and double-digit organic base fee growth drove revenue and EPS to new highs, supported by strong performance in ETFs, private markets, and technology. Integration of GIP, Preqin, and HPS, plus robust capital returns, position the firm for continued margin expansion and growth in 2026.
Q2 2025 Q2 2025 2025-07-15
Record AUM and double-digit growth in revenue, operating income, and EPS were achieved, driven by strong organic base fee growth, major acquisitions, and robust inflows across ETFs, private markets, and technology. Strategic expansion in private markets and technology positions the firm for continued growth.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

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Information Sources:
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