BlackRock, Inc. (BLK) Stock

BlackRock, Inc. (BLK) is a Financials stock trading at $1139.95 (as of 2026-08-20), with a market capitalization of $176.69B and a trailing P/E of 26.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

BlackRock, Inc. is an investment manager that offers portfolio management and related services across asset classes, serving institutional, intermediary, and individual investors. It manages client-focused separate accounts and investment products such as mutual funds, ETFs, and hedge funds, and it also provides risk management and advisory services.

Understand BlackRock, Inc.: how it makes money

BlackRock manages investments for institutions and individuals, earning most of its revenue from investment advisory and administration fees, plus securities lending and performance fees.

BlackRock’s profit engine is largely AUM-driven recurring advisory and administration fees (with securities lending as an additional component), while performance fees are a smaller but more variable contributor.

Revenue by segment (latest quarter)
Base+Lending$5.4B
Performance Fees$0.8B

Business quality (Strong): Strong operating profitability (operating margin 42.0%) alongside large managed-asset scale (record AUM) and positive net new assets, but results can still swing with investor flows and the volatility of performance fees.

Valuation: At 26× earnings, BLK trades 23% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Scale and growth indicators are strong: The company reports record Assets Under Management and positive net new assets over the last twelve months (Net New Assets Over Last Twelve Months: 640.0 USD_B).
  • Business mix supports profitability: Revenue is predominantly from base investment advisory and administration fees and securities lending revenue, with performance fees as an additional component.

Bear case

  • Performance fees can be volatile: Performance Fees Revenue is a distinct revenue line item (0.75 USD_B in the provided set), so it can move differently than base fees depending on investment outcomes.
  • Flows matter for steady fee revenue: The company highlights multiple net inflow and net new assets measures, indicating investor flows are an important driver of managed-asset levels and therefore the fee base.
Valuation — source: SEC EDGAR (first-party)
Price$1139.95
Market Cap$176.69B
P/E Ratio26.9
EV / EBITDA19.1
Price / Book3.05
Price / Sales6.47
FCF Yield2.7%
DCF Value (model)$574.64
DCF Upside vs Price-49.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$24.22B
Net Margin22.9%
Revenue Growth (YoY)30.6%
EPS Growth (YoY)19.9%
FCF Growth (YoY)1520.3%
Valuation vs Sector & Industry
Stock P/E26.9
Sector P/E (Financials)15.1
Industry P/E (Trading)34.6
vs Sector77.5%
vs Industry-22.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)27
Top Institutional HolderVANGUARD GROUP INC ($15.05B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorFinancials
IndustryTrading
CEOLaurence Douglas Fink
Employees22,600
CountryUS
IPO Date1999-10-01

Related Companies (Business model: Asset Manager (Traditional + Alternatives); 8 closest by market cap; US-domiciled)

  • Morgan Stanley (MS)
  • The Goldman Sachs Group, Inc. (GS)
  • The Charles Schwab Corporation (SCHW)
  • Blackstone Inc. (BX)
  • KKR & Co. Inc. (KKR)
  • Apollo Global Management, Inc. (APO)
  • Ameriprise Financial, Inc. (AMP)
  • Raymond James Financial, Inc. (RJF)
BLK earnings history · BLK institutional & insider holders · BLK KPIs & operating metrics · BLK financials · BLK investor presentations & press releases · BLK SEC filings · BLK peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.