What is the current annual operating margin of BLK?

As of today, BLK annual operating margin is 33.94%

What is 1-year change in BLK annual operating margin?

BLK annual operating margin is down -12.62% year-over-year

What is 3-year change in BLK annual operating margin?

BLK annual operating margin is down -7.37% over the past 3 years

How far is BLK annual operating margin from its all-time high?

BLK annual operating margin is currently -18.96% below its historical high of 41.88% set on December 31, 2016

How does BLK annual operating margin rank versus sector peers?

BLK annual operating margin is higher than 80.78% of companies in Financial Services sector

When is BLK next annual earnings release?

The next annual earnings release for BLK is on January 14, 2027

What is the current quarterly operating margin of BLK?

As of today, BLK quarterly operating margin is 40.04%

What is BLK quarterly operating margin most recent change?

BLK quarterly operating margin was up +6.83% on September 30, 2026

What is 1-year change in BLK quarterly operating margin?

BLK quarterly operating margin is up +21.59% year-over-year

How far is BLK quarterly operating margin from its all-time high?

BLK quarterly operating margin is currently -27.83% below its historical high of 55.48% set on September 30, 2003

How does BLK quarterly operating margin rank versus sector peers?

BLK quarterly operating margin is higher than 84.16% of companies in Financial Services sector

When is BLK next earnings release?

The next earnings release for BLK is on January 14, 2027

BlackRock, Inc. (BLK) Operating Margin History & Chart

Annual Operating Margin

33.94%4.90%-12.62%

December 31, 2025

Summary

Current Value: As of today, BLK annual operating margin is 33.94%, down -12.62% on December 31, 2025
Historical Performance: BLK annual operating margin is down -7.37% over the past 3 years, down -14.34% over the past 5 years
All-Time High Comparison: BLK annual operating margin is currently -18.96% below its historical high of 41.88% set on December 31, 2016
3-Year Low Comparison: BLK annual operating margin is at its 3-year low
Sector Comparison: BLK annual operating margin is higher than 80.78% of companies in Financial Services sector

Operating Margin Chart

beforeafter

Performance

BLK Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	33.94%	-12.6%	-7.4%	-14.3%	-8.4%
Quarterly Operating Margin	Sep 30, 26	40.04%	+21.6%	+4.7%	-7.8%	+20.2%
Price	Oct 28, 26	$1,157.88	+5.5%	+93.6%	+22.7%	+582.0%
PE Ratio	Oct 28, 26	27.08	-5.1%	+61.5%	+7.9%	+102.2%
Annual Revenue	Dec 31, 25	$24.92B	+19.2%	+41.5%	+47.2%	+184.6%
Annual Operating Profit	Dec 31, 25	$8.43B	+3.9%	+30.7%	+25.7%	+159.8%
Annual Gross Margin	Dec 31, 25	82.05%	+5.0%	+5.9%	+2.3%	-4.8%
Annual Net Margin	Dec 31, 25	23.91%	-23.2%	-15.7%	-23.4%	+3.6%

Operating Margin Highs

BLK Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	38.84%	Dec 31, 24	-12.6%
5Y	41.26%	Dec 31, 21	-17.7%
All	41.88%	Dec 31, 16	-19.0%

Operating Margin Lows

BLK Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	33.94%	Dec 31, 25	at low
5Y	33.94%	Dec 31, 25	at low
All	22.58%	Dec 31, 08	+50.3%

Operating Margin History

Year	Value	Change
2025	33.94%	-12.6%
2024	38.84%	+2.9%
2023	37.73%	+3.0%
2022	36.64%	-11.2%
2021	41.26%	+4.1%
2020	39.62%	-1.4%
2019	40.17%	+1.9%
2018	39.43%	-0.4%
2017	39.60%	-5.4%
2016	41.88%	+1.1%
2015	41.43%	+1.0%
2014	41.04%	+0.4%
2013	40.88%	+5.6%
2012	38.71%	+4.3%

Year	Value	Change
2011	37.11%	+0.1%
2010	37.07%	+14.2%
2009	32.46%	+43.8%
2008	22.58%	-38.3%
2007	36.58%	+18.4%
2006	30.89%	+8.1%
2005	28.58%	+20.6%
2004	23.70%	-37.9%
2003	38.16%	+2.3%
2002	37.29%	+16.8%
2001	31.92%	+6.4%
2000	30.00%	+3.0%
1999	29.12%	+24.6%
1998	23.38%	-

FAQ

What is the current annual operating margin of BLK?: As of today, BLK annual operating margin is 33.94%
What is 1-year change in BLK annual operating margin?: BLK annual operating margin is down -12.62% year-over-year
What is 3-year change in BLK annual operating margin?: BLK annual operating margin is down -7.37% over the past 3 years
How far is BLK annual operating margin from its all-time high?: BLK annual operating margin is currently -18.96% below its historical high of 41.88% set on December 31, 2016
How does BLK annual operating margin rank versus sector peers?: BLK annual operating margin is higher than 80.78% of companies in Financial Services sector
When is BLK next annual earnings release?: The next annual earnings release for BLK is on January 14, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

40.04%2.56%+6.83%

September 30, 2026

Summary

Current Value: As of today, BLK quarterly operating margin is 40.04%, up +6.83% on September 30, 2026
Historical Performance: BLK quarterly operating margin is up +21.59% year-over-year, up +4.68% over the past 3 years
All-Time High Comparison: BLK quarterly operating margin is currently -27.83% below its historical high of 55.48% set on September 30, 2003
3-Year Low Comparison: BLK quarterly operating margin is +32.23% above its 3-year low of 30.28% reached on December 31, 2025
Sector Comparison: BLK quarterly operating margin is higher than 84.16% of companies in Financial Services sector

Performance

BLK Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	40.04%	+6.8%	+21.6%	+4.7%	-7.8%
Annual Operating Margin	Dec 31, 25	33.94%	–	-12.6%	-7.4%	-14.3%
Price	Oct 28, 26	$1,157.88	+7.3%	+5.5%	+93.6%	+22.7%
PE Ratio	Oct 28, 26	27.08	+0.9%	-5.1%	+61.5%	+7.9%
Quarterly Revenue	Sep 30, 26	$8.11B	+9.8%	+23.9%	+77.3%	+50.8%
Quarterly Operating Profit	Sep 30, 26	$3.25B	+17.2%	+50.7%	+85.6%	+39.0%
Quarterly Gross Margin	Sep 30, 26	82.57%	+6.5%	+6.0%	+7.9%	+3.4%
Quarterly Net Margin	Sep 30, 26	23.69%	-14.3%	+1.5%	-32.1%	-27.4%

Quarterly Operating Margin Highs

BLK Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	40.04%	Sep 30, 26	at high
3Y	40.04%	Sep 30, 26	at high
5Y	43.45%	N/A	-7.8%
All	55.48%	Sep 30, 03	-27.8%

Quarterly Operating Margin Lows

BLK Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	30.28%	Dec 31, 25	+32.2%
3Y	30.28%	Dec 31, 25	+32.2%
5Y	30.28%	Dec 31, 25	+32.2%
All	-10.89%	Sep 30, 04	+467.7%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	40.04%	+6.8%
Jun 2026	37.48%	+7.5%
Mar 2026	34.86%	+15.1%
Dec 2025	30.28%	-8.0%
Sep 2025	32.93%	-17.6%
Jun 2025	39.94%	+14.1%
Mar 2025	34.99%	-5.8%
Dec 2024	37.16%	-6.6%
Sep 2024	39.78%	+0.7%
Jun 2024	39.49%	+0.5%
Mar 2024	39.28%	+2.2%
Dec 2023	38.45%	+0.5%
Sep 2023	38.25%	-1.7%
Jun 2023	38.93%	+7.9%
Mar 2023	36.08%	-3.9%
Dec 2022	37.56%	-3.9%
Sep 2022	39.07%	+17.6%
Jun 2022	33.21%	-8.9%
Mar 2022	36.44%	-10.7%
Dec 2021	40.79%	-6.1%
Sep 2021	43.45%	-0.5%
Jun 2021	43.68%	+19.9%
Mar 2021	36.42%	-13.4%
Dec 2020	42.06%	-0.3%
Sep 2020	42.17%	-6.2%
Jun 2020	44.97%	+123.0%
Mar 2020	20.17%	-51.5%
Dec 2019	41.61%	+2.8%
Sep 2019	40.49%	+5.1%
Jun 2019	38.53%	+0.1%
Mar 2019	38.50%	+1.7%
Dec 2018	37.84%	-4.4%
Sep 2018	39.60%	+2.1%
Jun 2018	38.80%	+3.3%
Mar 2018	37.55%	-7.1%
Dec 2017	40.43%	-4.7%
Sep 2017	42.43%	+13.2%
Jun 2017	37.47%	+3.9%
Mar 2017	36.08%	-15.1%
Dec 2016	42.51%	+2.6%
Sep 2016	41.42%	+2.4%
Jun 2016	40.44%	+7.6%
Mar 2016	37.60%	-8.0%
Dec 2015	40.89%	+2.0%
Sep 2015	40.07%	-2.1%
Jun 2015	40.95%	+3.7%
Mar 2015	39.49%	-3.5%
Dec 2014	40.92%	+6.4%
Sep 2014	38.45%	-3.4%
Jun 2014	39.81%	+2.7%
Mar 2014	38.75%	-8.4%
Dec 2013	42.30%	+12.4%
Sep 2013	37.63%	-5.7%
Jun 2013	39.92%	+7.3%
Mar 2013	37.19%	-5.5%
Dec 2012	39.37%	+5.4%

Month	Value	Change
Sep 2012	37.34%	+6.7%
Jun 2012	34.98%	-2.5%
Mar 2012	35.86%	-8.7%
Dec 2011	39.29%	+18.0%
Sep 2011	33.30%	-6.2%
Jun 2011	35.51%	+2.7%
Mar 2011	34.57%	-12.4%
Dec 2010	39.46%	+11.7%
Sep 2010	35.34%	+8.9%
Jun 2010	32.44%	-5.8%
Mar 2010	34.44%	-5.9%
Dec 2009	36.60%	+0.6%
Sep 2009	36.37%	+20.6%
Jun 2009	30.15%	+131.7%
Mar 2009	13.01%	+379.2%
Dec 2008	-4.66%	-118.5%
Sep 2008	25.14%	-10.7%
Jun 2008	28.15%	+0.2%
Mar 2008	28.10%	-17.9%
Dec 2007	34.24%	-5.8%
Sep 2007	36.36%	-2.7%
Jun 2007	37.38%	+3.1%
Mar 2007	36.25%	+24.1%
Dec 2006	29.20%	-4.2%
Sep 2006	30.49%	+16.2%
Jun 2006	26.24%	-21.6%
Mar 2006	33.49%	+10.0%
Dec 2005	30.45%	+17.9%
Sep 2005	25.82%	-12.2%
Jun 2005	29.42%	+13.9%
Mar 2005	25.82%	-20.3%
Dec 2004	32.39%	+397.4%
Sep 2004	-10.89%	-127.7%
Jun 2004	39.34%	-3.2%
Mar 2004	40.62%	-2.6%
Dec 2003	41.72%	-24.8%
Sep 2003	55.48%	+45.7%
Jun 2003	38.08%	+0.6%
Mar 2003	37.87%	-5.7%
Dec 2002	40.14%	-0.8%
Sep 2002	40.47%	+15.9%
Jun 2002	34.91%	-1.7%
Mar 2002	35.51%	+6.8%
Dec 2001	33.25%	+215.8%
Sep 2001	10.53%	-66.6%
Jun 2001	31.57%	+0.7%
Mar 2001	31.35%	+1.6%
Dec 2000	30.86%	+6.7%
Sep 2000	28.92%	-5.1%
Jun 2000	30.49%	+2.6%
Mar 2000	29.72%	-0.7%
Dec 1999	29.94%	+8.8%
Sep 1999	27.51%	+14.8%
Dec 1998	23.97%	+15.1%
Sep 1998	20.83%	-

FAQ

What is the current quarterly operating margin of BLK?: As of today, BLK quarterly operating margin is 40.04%
What is BLK quarterly operating margin most recent change?: BLK quarterly operating margin was up +6.83% on September 30, 2026
What is 1-year change in BLK quarterly operating margin?: BLK quarterly operating margin is up +21.59% year-over-year
How far is BLK quarterly operating margin from its all-time high?: BLK quarterly operating margin is currently -27.83% below its historical high of 55.48% set on September 30, 2003
How does BLK quarterly operating margin rank versus sector peers?: BLK quarterly operating margin is higher than 84.16% of companies in Financial Services sector
When is BLK next earnings release?: The next earnings release for BLK is on January 14, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

BLK Official Website www.blackrock.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/2012383/000119312526071966/0001193125-26-071966-index.htm
BLK Profile on Yahoo Finance finance.yahoo.com/quote/BLK
BLK Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/blk