Last 48 quarters of trend data · Financial Services · Asset Management
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
BlackRock, Inc.'s quarterly P/E stands at 17.1x, down 30.3% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 26.2% YoY to 15.1x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 28.67 | 17.10 | 37.37 | 34.58 | 25.74 | 24.55 | 24.09 | 21.78 | 19.70 | 19.89 | 22.18 | 15.16 | 19.07 |
| — | -30.3% | +55.2% | +58.8% | +30.7% | +23.4% | +8.6% | +43.6% | +3.3% | -9.2% | +3.8% | +1.6% | -11.8% | |
| P/S Ratio | 6.51 | 5.86 | 6.32 | 7.01 | 7.56 | 7.02 | 7.09 | 6.83 | 6.13 | 6.62 | 6.58 | 5.38 | 5.84 |
| — | -16.6% | -10.9% | +2.6% | +23.3% | +6.1% | +7.7% | +27.0% | +5.0% | +10.9% | +6.1% | +10.5% | +13.3% | |
| P/B Ratio | 2.73 | 2.51 | 2.88 | 2.95 | 3.18 | 2.95 | 3.26 | 3.26 | 2.79 | 3.00 | 2.96 | 2.39 | 2.61 |
| — | -15.1% | -11.8% | -9.4% | +13.9% | -1.5% | +10.3% | +36.0% | +6.8% | +15.6% | +6.6% | +8.7% | +7.3% | |
| P/FCF | 44.37 | — | 20.61 | 34.16 | 32.16 | — | 15.92 | 27.59 | 21.69 | — | 16.27 | 16.24 | 28.19 |
| — | — | +29.5% | +23.8% | +48.2% | — | -2.2% | +69.9% | -23.0% | — | +11.2% | +25.6% | +84.9% | |
| EV / EBITDA | 20.90 | 15.09 | 22.24 | 21.25 | 21.72 | 20.45 | 17.85 | 16.80 | 15.63 | 17.65 | 18.12 | 14.28 | 15.59 |
| — | -26.2% | +24.6% | +26.5% | +39.0% | +15.8% | -1.5% | +17.7% | +0.3% | +4.7% | +2.5% | +9.2% | +15.7% | |
| EV / EBIT | 22.87 | 14.19 | 25.84 | 24.81 | 17.45 | 21.10 | 19.47 | 17.16 | 16.44 | 18.65 | 18.64 | 15.18 | 16.53 |
| — | -32.8% | +32.7% | +44.5% | +6.1% | +13.2% | +4.4% | +13.1% | -0.6% | +3.0% | +4.2% | +8.4% | +15.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
BlackRock, Inc.'s operating margin was 34.5% in Q1 2026, up 10.8 pp QoQ and up 2.3 pp YoY. The trailing four-quarter average of 30.0% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 70.1% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.5% | 81.4% | 45.6% | 59.9% | 47.9% | 47.9% | 49.3% | 51.1% | 49.4% | 47.8% | 49.1% | 48.5% | 48.1% |
| — | +70.1% | -7.3% | +17.2% | -3.1% | +0.2% | +0.3% | +5.4% | +2.8% | +3.0% | -0.3% | -1.2% | -2.7% | |
| Operating Margin | 29.1% | 34.5% | 23.7% | 30.0% | 31.9% | 32.2% | 36.6% | 38.6% | 37.5% | 35.8% | 34.2% | 36.2% | 36.2% |
| — | +7.1% | -35.2% | -22.2% | -14.8% | -10.1% | +6.8% | +6.6% | +3.5% | +5.7% | +4.0% | +2.3% | -1.8% | |
| Net Margin | 22.9% | 32.7% | 16.1% | 20.3% | 29.4% | 28.6% | 29.4% | 31.4% | 31.1% | 33.3% | 29.7% | 35.5% | 30.6% |
| — | +14.2% | -45.3% | -35.2% | -5.6% | -14.0% | -0.9% | -11.5% | +1.7% | +22.0% | +2.3% | +8.8% | +28.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.0% | 3.5% | 1.8% | 2.3% | 3.1% | 3.0% | 3.6% | 3.8% | 3.6% | 3.8% | 3.4% | 4.0% | 3.5% |
| — | +16.8% | -49.2% | -38.6% | -12.1% | -20.0% | +6.9% | -4.6% | +2.9% | +27.5% | +2.6% | +8.3% | +23.9% | |
| ROA | 3.6% | 1.3% | 0.7% | 0.9% | 1.1% | 1.1% | 1.2% | 1.3% | 1.2% | 1.3% | 1.1% | 1.3% | 1.1% |
| — | +20.8% | -44.9% | -32.3% | -7.9% | -15.4% | +8.2% | -5.0% | +7.2% | +31.5% | +5.3% | +14.2% | +40.0% | |
| ROIC | 7.5% | 2.3% | 1.6% | 2.0% | 2.0% | 2.0% | 2.6% | 2.7% | 2.5% | 2.4% | 2.3% | 2.5% | 2.5% |
| — | +13.6% | -36.7% | -24.0% | -21.1% | -18.3% | +9.2% | +9.6% | +0.9% | +7.0% | +2.9% | +0.1% | -5.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
BlackRock, Inc.'s Debt/EBITDA ratio is 5.5x, down from 7.4x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 45.0% YoY to 6.80x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.24 | 0.24 | 0.24 | 0.24 | 0.29 | 0.28 | 0.29 | 0.33 | 0.28 | 0.28 | 0.24 | 0.24 | 0.24 |
| — | -16.8% | -15.4% | -25.2% | +3.1% | +2.0% | +22.5% | +36.7% | +13.5% | +28.2% | +7.5% | +8.4% | +10.4% | |
| Debt / EBITDA | 1.95 | 5.52 | 7.39 | 6.81 | 7.55 | 7.54 | 6.25 | 6.70 | 6.12 | 6.45 | 5.72 | 5.54 | 5.66 |
| — | -26.8% | +18.2% | +1.7% | +23.4% | +16.9% | +9.3% | +21.0% | +8.1% | +17.2% | +3.6% | +8.3% | +18.4% | |
| Current Ratio | 15.76 | 6.80 | 15.76 | 14.41 | 13.34 | 12.36 | 16.40 | 18.63 | 15.93 | 13.61 | 15.63 | 13.10 | 14.23 |
| — | -45.0% | -3.9% | -22.6% | -16.3% | -9.2% | +4.9% | +42.2% | +12.0% | +2.6% | +11.0% | +30.9% | +9.3% | |
| Quick Ratio | 15.76 | 6.80 | 15.76 | 14.41 | 13.34 | 12.36 | 16.40 | 18.63 | 15.93 | 13.61 | 15.63 | 13.10 | 14.23 |
| — | -45.0% | -3.9% | -22.6% | -16.3% | -9.2% | +4.9% | +42.2% | +12.0% | +2.6% | +11.0% | +30.9% | +9.3% | |
| Interest Coverage | 11.06 | 65.59 | 109.19 | 4.94 | 14.02 | 11.04 | 12.56 | 13.45 | 14.40 | 18.57 | 20.10 | 20.01 | 23.46 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Deep dive into BLK consensus models and risk factors.
Wall Street verdict, signals, and target summaries.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying BLK stock.
BlackRock, Inc.'s current P/E is 28.7x. The average P/E over the last 4 quarters is 28.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
BlackRock, Inc.'s current operating margin is 29.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking BlackRock, Inc.'s business trajectory between earnings reports.