{ "ok": true, "cik": "2012383", "ticker": "BLK", "name": "BlackRock, Inc.", "filings": [ { "form": "10-Q", "filed": "2026-08-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/2012383/000119312526337177/0001193125-26-337177-index.htm" }, { "form": "8-K", "filed": "2026-07-15", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/2012383/000119312526304013/0001193125-26-304013-index.htm" }, { "form": "8-K", "filed": "2026-06-30", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/2012383/000119312526290830/0001193125-26-290830-index.htm" }, { "form": "8-K", "filed": "2026-05-22", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/2012383/000119312526237027/0001193125-26-237027-index.htm" }, { "form": "10-Q", "filed": "2026-05-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/2012383/000119312526208766/0001193125-26-208766-index.htm" }, { "form": "8-K", "filed": "2026-04-14", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/2012383/000119312526153768/0001193125-26-153768-index.htm" } ], "events12m": 9, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-01-27", "url": "https://www.sec.gov/Archives/edgar/data/2012383/000119312526024549/0001193125-26-024549-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0002012383.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2012383" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up BlackRock, Inc. ($BLK). Last filing: 10-Q, 2026-08-06. 9 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 24216000000, "revenueGrowth1y": 0.1866516391434312, "revenueGrowthPerYear": 0.10651750358342804, "yearsOfData": 4, "operatingMargin": 0.2909233564585398, "operatingMarginPrior": 0.3711471553878571, "netMargin": 0.24537495870498843, "operatingCashFlow": 3927000000, "capitalSpending": 375000000, "freeCashFlow": 3552000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 11468000000, "longTermDebt": 12768000000, "longTermDebtChange": 0.036868604840019525, "revenueHistory": [ { "fiscalYearEnd": "2022-12-31", "revenue": 17873000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 17859000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 20407000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 24216000000 } ], "totalEquity": 55888000000, "totalAssets": 169998000000, "equityRatio": 0.3287568089036342, "returnOnEquity": 0.10631978242198684, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": 20.84, "dividendYearsRising": 3, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 35.83, "sharesOutstanding": 160866521, "bookValuePerShare": 347.4184662699332, "revenuePerShare": 150.53474053808873, "range80": { "low": 24157093502.478058, "high": 29784563628.786522, "baseline": 27766001380.419262, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.4, "growthYears": 3, "ownVolatility": 0.09035090894741976, "classVolatility": 0.06659579566308972, "volatility": 0.07698256100604847 }, "ifPaceHeld": { "low": 24157093502.478058, "high": 29784563628.786522 } }, "edgarette": "🔖 Exposure: revenue $24.2B (FY2025), total debt $12.8B. Experience: revenue up 18.7% on the year, up 10.7% a year over 3 years; operating margin 29.1%, down from 37.1%. Soundness: equity 32.9% of assets, return on equity 10.6%, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $24.2B and $29.8B next year (method v4.1: its own 3-year record of growth weighed at 40% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $22.0B to $32.4B. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, security brokers, dealers & flotation companies): operating margin 29.1% against a 24.4% median; growth 18.7% against 18.7%.", "peers": { "sic": 6211, "sicDescription": "Security Brokers, Dealers & Flotation Companies", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6211", "growth": [ 0.1867, 21 ], "opMargin": [ 0.2443, 10 ], "equityRatio": [ 0.157, 18 ], "returnOnEquity": [ 0.1508, 15 ] }, "summary": "BlackRock (BLK) grew revenue 18.7% in FY2025 to $24.2 billion, operating margin 29.1% against a 24.4% median for security brokers, dealers & flotation companies, equity 32.9% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
BlackRock, Inc. against its own record and its peers
Operating marginPeer median 24.4%29.1%Revenue, on the yearPeer median 18.7%18.7%Equity of assetsPeer median 15.7%32.9%Return on equityPeer median 15.1%10.6%Gold tick: the median of 15–18 peers with $50M+ revenue in security brokers, dealers & flotation companies
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profitHanded back per share$20.84up 3 years runningRevenue growth it managed18.7%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v4", "byYear": {}, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:59:44.730Z", "hash": "592eddc7e063ad4e", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "BlackRock (BLK) grew revenue 18.7% in FY2025 to $24.2 billion, operating margin 29.1% against a 24.4% median for security brokers, dealers & flotation companies, equity 32.9% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 24216000000, "totalDebt": 12768000000, "cash": 11468000000 }, "experience": { "revenueGrowth1y": 0.1866516391434312, "revenueGrowthPerYear": 0.10651750358342804, "operatingMargin": 0.2909233564585398, "operatingMarginPrior": 0.3711471553878571, "netMargin": 0.24537495870498843, "freeCashFlow": 3552000000 }, "soundness": { "equityRatio": 0.3287568089036342, "returnOnEquity": 0.10631978242198684, "payoutRatio": null, "dividendPerShare": 20.84, "dividendYearsRising": 3, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6211, "sicDescription": "Security Brokers, Dealers & Flotation Companies", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6211", "growth": [ 0.1867, 21 ], "opMargin": [ 0.2443, 10 ], "equityRatio": [ 0.157, 18 ], "returnOnEquity": [ 0.1508, 15 ] }, "credibility": { "auditedYears": 4, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-01-27", "url": "https://www.sec.gov/Archives/edgar/data/2012383/000119312526024549/0001193125-26-024549-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 24157093502.478058, "high": 29784563628.786522, "baseline": 27766001380.419262, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.4, "growthYears": 3, "ownVolatility": 0.09035090894741976, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.07698256100604847, "k": 3 }, "stress": { "low": 22033986562.814583, "high": 32391775455.866154, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v4", "byYear": {}, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:59:44.730Z", "hash": "592eddc7e063ad4e", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0002012383.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2012383" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1622, "growth3y": 0.1065, "volatility": 0.0904, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.3288, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 16.2% of revenue into operating cash; revenue growing 10.7% a year over three years; no common dividend.", "outside": "Among $10B+ companies: 56th percentile for cash, 79th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$10B+", "cashPctInClass": 56, "growthPctInClass": 79, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 3927000000, "investing": -4418000000, "financing": -1127000000, "capitalSpending": 375000000, "free": 3552000000, "trend": [ { "fiscalYearEnd": "2022-12-31", "operating": 4956000000, "free": 4423000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 4165000000, "free": 3821000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 4956000000, "free": 4701000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 3927000000, "free": 3552000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 11468000000, "shortTerm": null, "longTerm": null, "equityHoldings": 2282000000, "totalAssets": 169998000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1622, "growth3y": 0.1065, "volatility": 0.0904, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.3288, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 16.2% of revenue into operating cash; revenue growing 10.7% a year over three years; no common dividend.", "outside": "Among $10B+ companies: 56th percentile for cash, 79th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$10B+", "cashPctInClass": 56, "growthPctInClass": 79, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 3927000000, "investing": -4418000000, "financing": -1127000000, "capitalSpending": 375000000, "free": 3552000000, "trend": [ { "fiscalYearEnd": "2022-12-31", "operating": 4956000000, "free": 4423000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 4165000000, "free": 3821000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 4956000000, "free": 4701000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 3927000000, "free": 3552000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 11468000000, "shortTerm": null, "longTerm": null, "equityHoldings": 2282000000, "totalAssets": 169998000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }