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Earnings transcript
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BLK
BlackRock, Inc.
$966.56
9.16
(0.96%)
Delayed data
| Exchange: | NYSE |
| Market Cap: | 150.34B |
| Shares Outstanding: | 53.722M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Asset Management | |||||
| CEO: | Laurence Douglas Fink | |||||
| Full Time Employees: | 22600 | |||||
| Address: |
| |||||
| Website: | http://www.blackrock.com/corporate |
BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe. The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities. It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices. BlackRock, Inc. was founded in 1988 and is based in New York City with additional offices in Boston, Massachusetts; London, United Kingdom; Gurgaon, India; Hong Kong; Greenwich, Connecticut; Princeton, New Jersey; Edinburgh, United Kingdom; Sydney, Australia; Taipei, Taiwan; Singapore; Sao Paulo, Brazil; Philadelphia, Pennsylvania; Washington, District of Columbia; Toronto, Canada; Wilmington, Delaware; and San Francisco, California.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 17,859,000 | 20,407,000 | 24,216,000 |
| Gross Profit | 8,582,000 | 10,086,000 | 13,445,000 |
| EBITDA | 6,773,000 | 8,207,000 | 8,474,000 |
| Operating Income | 6,275,000 | 7,574,000 | 7,045,000 |
| Net Income | 5,502,000 | 6,369,000 | 5,553,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 123,211,000 | 138,615,000 | 169,998,000 |
| Total Liabilities | 81,971,000 | 89,260,000 | 108,456,000 |
| Total Stockholders Equity | 39,347,000 | 47,495,000 | 55,888,000 |
| Total Debt | 9,702,000 | 14,222,000 | 2,228,000 |
| Cash and Cash Equivalents | 8,736,000 | 12,762,000 | 11,468,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 4,165,000 | 4,956,000 | 0 |
| Capital Expenditure | -344,000 | -255,000 | 0 |
| Free Cash Flow | 3,821,000 | 4,701,000 | 0 |
| Net Income | 5,502,000 | 6,369,000 | 0 |
| Net Change in Cash | 1,320,000 | 4,026,000 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 34,824,442.720 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 39,763,733.291 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 37,913,021.250 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 13,407,055.973 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 15,308,632.566 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 14,596,127.269 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 11,069,873.072 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 13,166,776.243 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 12,381,083.234 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 4,523,207.572 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 5,164,752.268 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 4,924,370.683 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 74.860 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 79.610 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 66.930 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: BlackRock reported strong financial results in the Q4 2025 earnings call, with key metrics such as revenue, net income, and operating income reflecting consistent growth as per income statement data. This performance underscores the company’s ability to generate sustainable profitability, supported by high gross and net profit margins (grossProfitMarginTTM and netProfitMarginTTM).
- Strong Cash Flow Generation: Cash flow statements indicate significant free cash flow (freeCashFlowTTM) and positive net cash provided by operating activities, highlighting BlackRock’s operational efficiency and capacity to fund growth initiatives or return value to shareholders through dividends (dividendYieldTTM).
- Market Leadership and Scale: As a leading player in the asset management industry (per company profile and sectorName), BlackRock benefits from a substantial market capitalization (mktCap) and a global presence (revenue geo segments), providing economies of scale and a diversified revenue base across product categories (revenue product segments).
- Strategic Positioning: Insights from the Q4 2025 earnings call transcript reveal BlackRock’s focus on strategic initiatives and innovation, positioning the company to capitalize on emerging market trends and maintain competitive advantage within the financial services sector.
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates BLK intrinsic value between $456.28 – $727.01 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about BLK valuation
Is BlackRock, Inc. (BLK) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for BlackRock, Inc. (BLK) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is BLK a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BLK trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is BLK’s P/E ratio?
You can see BLK’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for BLK?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is BLK a good long-term investment?
Whether BLK fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
BLK
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Daily snapshot
0.96
Trading Metrics:
| Open: | 929.25 | Previous Close: | 957.4 | |
| Day Low: | 929.25 | Day High: | 971.24 | |
| Year Low: | 773.74 | Year High: | 1219.94 | |
| Price Avg 50: | 1034.16 | Price Avg 200: | 1083.38 | |
| Volume: | 568607 | Average Volume: | 814565 |
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Login — it's freeBLK full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into BlackRock, Inc., ticker symbol BLK, the world’s largest asset manager with a staggering presence in the financial world. If you’re looking to understand whether this stock deserves a spot in your portfolio, stick around because we’re breaking down everything from financials to valuation, recent performance, and more. Let’s get started! So, why are we talking about BlackRock? Well, if you’re into investing, you’ve probably heard of them. They’re…
