BlackRock, Inc. (BLK): operating margin, 10 filed years
Operating margin at BlackRock, Inc. was 29.1% in FY2025, the newest filed year. Across the 10 computed years from FY2016 it ranged from 29.1% (FY2025) to 59.2% (FY2024), with a median of 38.4%.
Tonight's figure on the company page: 29.1%, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.
Year by year
| Fiscal year | Operating margin | Read from |
|---|---|---|
| FY2016 | 37.3% | period ended 2016-12-31 |
| FY2017 | 38.6% | period ended 2017-12-31 |
| FY2018 | 38.4% | period ended 2018-12-31 |
| FY2019 | 38.2% | period ended 2019-12-31 |
| FY2020 | 35.1% | period ended 2020-12-31 |
| FY2021 | 38.5% | period ended 2021-12-31 |
| FY2022 | 57.7% | 10-K, filed 2025-02-25 |
| FY2023 | 57.0% | 10-K, filed 2025-02-25 |
| FY2024 | 59.2% | 10-K, filed 2025-02-25 |
| FY2025 | 29.1% | 10-K, filed 2026-02-25 |
How each year is computed
Operating income / revenue x 100
Each year is a ratio of lines in that year's filed annual report, with the nightly recompute's own rules for what counts as a filed line. Nothing is estimated, smoothed or filled in: a year that cannot be computed says why.
Read further
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.