BlackRock, Inc. (BLK)
Financials · Asset Management & Custody Banks · US stock · S&P 500 component
$1,134.38
▲ +13.60 (1.21%)
Fair valueOvervalued
$507 −55.3% to fair value
$253fair band $355–$659$760
Day's range
$1,119.58 – $1,149.90
52-week range
$907.59 – $1,184.58
Red flags⚠ Heavy dilution⚠ Dividend may be at risk
About BlackRock, Inc.
Index and actively managed strategies form the core of BlackRock, a global investment manager that offers them through exchange-traded funds, mutual funds and institutional mandates. Its iShares range of exchange-traded funds is one of its major product lines. It also provides Aladdin, a technology platform for portfolio management and risk analysis. Clients include pension funds, insurers, sovereign investors, financial advisers and individual savers around the world.
Advisory fees charged as a share of assets under management are the main source of revenue, along with technology services and performance fees. Revenue was $27.3 billion over the last twelve months, having grown at 10.7% a year across the last three years. The operating margin is 32.6%, and the business earns 11% on the capital invested in it. On the site's X-Ray Score it receives 33 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $907.59 – $1,184.58Volume 1,172,400Daily, split-adjusted
Vitals
Market cap$186.8B
52-week range$907.59 – $1,184.58
Volume (last day)1,172,400
P/E (TTM)28.3
EBIT / EV yield4.6%
Free-cash-flow yield1.9%
Dividend yield2.0%
Revenue (TTM)$27.3B
Net income (TTM)$6.6B
Operating margin32.6%
Return on capital11.1%
Debt incl. leases$15.0B
Cash & securities$10.5B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$507
Overvalued
−55.3% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $1,134
Undervalued < $355Fair $355 – $659Overvalued > $659
Excess-return (bank)
$409
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Valuation
Weak
13/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.6%
Free-cash-flow yield1.9%
Fair value vs price0.4×
Growth
Fair
54/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)10.7%
EPS growth (3y)1.3%
Growth consistency100%
Profitability
Weak
44/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital11.1%
Operating margin32.6%
Financial health
Weak
30/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score3 / 9
Net debt / EBITDA0.5×
Interest cover16.4×
Dividends
Weak
19/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield2.0%
Dividends vs free cash flow105%
Quarterly results: last 6 quarters
+11.6%
Mar '25
+12.9%
Jun '25
+25.2%
Sep '25
+23.4%
Dec '25
+27.0%
Mar '26
+30.6%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $7.1B, diluted EPS $12.19.
Compare with peers
AMP Ameriprise Financial I...60 APO Apollo Global Manageme...51 STT State Street Corp50 BX Blackstone Inc.49Other Asset Management & Custody Banks companies by X-Ray Score.
Fundamentals checklist
● 1 Good · ● 5 Average · ● 7 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalAverage
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 34/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | – | $17.9B | $17.9B | $20.4B | $24.2B |
| Operating income | – | $6.4B | $6.3B | $7.6B | $7.0B |
| Net income | $5.9B | $5.2B | $5.5B | $6.4B | $5.6B |
| Operating cash flow | – | $5.0B | $4.2B | $5.0B | $3.9B |
| Operating margin | – | 35.7% | 35.1% | 37.1% | 29.1% |
| Free cash flow | – | $4.4B | $3.8B | $4.7B | $3.6B |
| Diluted EPS | – | $33.97 | $36.51 | $42.01 | $35.31 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 1,084.2 | Bullish |
| EMA 10 | 1,090.9 | Bullish |
| SMA 20 | 1,077.1 | Bullish |
| EMA 20 | 1,084.7 | Bullish |
| SMA 50 | 1,103.9 | Bullish |
| EMA 50 | 1,084.8 | Bullish |
| SMA 100 | 1,068.1 | Bullish |
| EMA 100 | 1,075.2 | Bullish |
| SMA 200 | 1,052.1 | Bullish |
| EMA 200 | 1,059.8 | Bullish |
Oscillators (daily)
| RSI (14) | 63.82 | Neutral |
| MACD (12, 26) | 3.54 | Bullish |
| Momentum (12) | 7.19 | Bullish |
| Stochastic %K (14) | 85.82 | Bearish |
| Williams %R (14) | -14.18 | Bearish |
| CCI (20) | 346.7 | Bearish |
Pivot points (classic, last session)
S3 1,089.0 | S2 1,104.3 | S1 1,119.3 | Pivot 1,134.6 | R1 1,149.7 | R2 1,164.9 | R3 1,180.0 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
22.40 USD
Yield on today's price
1.97%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 8 Sep 2026 | 5.7300 |
| 5 Jun 2026 | 5.7300 |
| 6 Mar 2026 | 5.7300 |
| 5 Dec 2025 | 5.2100 |
| 5 Sep 2025 | 5.2100 |
| 5 Jun 2025 | 5.2100 |
| 7 Mar 2025 | 5.2100 |
| 5 Dec 2024 | 5.1000 |
| 9 Sep 2024 | 5.1000 |
| 7 Jun 2024 | 5.1000 |
| 6 Mar 2024 | 5.1000 |
| 6 Dec 2023 | 5.0000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
BLK SEC filings
14 Oct 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
6 Aug 2026
10-QSEC EDGAR
Quarterly report
15 Jul 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
30 Jun 2026
8-KSEC EDGAR
Other events
22 May 2026
8-KSEC EDGAR
Shareholder vote results
6 May 2026
10-QSEC EDGAR
Quarterly report
14 Apr 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
10 Apr 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.