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BlackRock, Inc.
NYSE: BLK Financials AMC 🔎 Screen
S&P 500
$160.0B
Market Cap
30.3
P/E
1.55
PEG
3.7%
ROCE
10.7%
ROE
0.24
D/E
29.1%
OPM
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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
Shareholding
About

BlackRock, Inc. is a publicly owned investment manager.

Key Ratios Snapshot
📊 Sector Averages
📈 Growth Pattern
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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
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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🎙 Management Tone Mixed → Stable 3 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q1 2026
Revenue
$6.7B
+27% YoY
Operating Income
$2.7B
+31% YoY
Operating Margin
44.5%
+130 bps YoY
Net Income (as adjusted)
$2.1B
+17% YoY
What Went Right
  • Record $130B total net inflows, led by $132B iShares ETF inflows.
  • 8% organic base fee growth, highest first quarter in five years.
  • Revenue up 27% YoY to $6.7B, operating margin expanded 130 bps to 44.5%.
What to Watch
  • Institutional index net outflows of $35B, concentrated in low-fee equities.
  • Cash management net outflows of $6B due to seasonal redemptions.
  • EPS growth of only 11% YoY, constrained by higher share count (HPS transaction) and 23% tax rate.
Management Guidance
  • Share repurchases: at least $450M per quarter for the balance of 2026.
  • Tax rate: ~25% projected for remainder of 2026 (23% in Q1 due to discrete benefits).
  • Technology ACV growth: long-term target low to mid-teens (14% YoY in Q1).
Investor Lens
The thesis strengthens after this call. BlackRock delivered broad-based organic growth (8% OBFG) at scale, with record flows across ETFs, private markets, and tax-aware strategies. While institutional index outflows and higher share count tempered EPS growth, the platform's diversification and margin expansion (130 bps) demonstrate resilience. Management's confidence in private credit and retirement opportunities (DOL rule) supports durable compounding.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong start with $130B inflows and margin expansion.
Revenue
Revenue of $6.7B grew 27% YoY, driven by organic growth, higher average AUM, the HPS and Preqin acquisitions, and technology services (+22%). Base fee and securities lending revenue of $5.4B increased 24%.
Profitability
Net income (as adjusted) of $2.1B rose 17% YoY. Diluted EPS of $12.53 increased 11% YoY, impacted by a higher share count from the HPS transaction and a 23% effective tax rate.
Margins
Adjusted operating margin expanded 130 bps YoY to 44.5%. Margin excluding performance fees and related compensation reached 45.6%, up 180 bps YoY, reflecting operating leverage on recurring fee-related earnings.
Balance Sheet
Not discussed.
Key Risks
Geopolitical uncertainty and elevated market volatility could affect client flows. Institutional index outflows and cash management redemptions indicate selective weakness. Higher tax rate and share dilution from M&A may cap EPS growth.
Outlook
Management expects to maintain at least $450M quarterly share repurchases. Effective tax rate is projected at ~25% for the remainder of 2026. Long-term ACV growth target remains low to mid-teens.
Generated by AI · Q1 2026 results · Not investment advice
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

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.

⚠️ Important Disclaimers — Please read without fail.

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.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
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