TTM
29.9%
YoY change
−8.02pp
Trough year (2008)
20.1%
Peak year (2015)
40.9%
Latest annual
29.1%
Operating Margin history chart for BlackRock (BLK) from 1998 to 2025
Latest: 29.1%
Operating Margin change chart for BlackRock (BLK) from 1998 to 2025
Latest: −8.02pp
Operating Margin history table for BlackRock (BLK) from 1998 to 2025
| 2025 | 29.1% | -8.02pp | ||
| 2024 | 37.1% | +1.98pp | ||
| 2023 | 35.1% | -0.59pp | ||
| 2022 | 35.7% | -2.73pp | ||
| 2021 | 38.5% | +3.31pp | ||
| 2020 | 35.1% | -3.04pp | ||
| 2019 | 38.2% | -0.25pp | ||
| 2018 | 38.4% | -0.20pp | ||
| 2017 | 38.6% | +1.36pp | ||
| 2016 | 37.3% | -3.64pp | ||
| 2015 | 40.9% | +0.53pp | ||
| 2014 | 40.4% | +2.49pp | ||
| 2013 | 37.9% | +0.15pp | ||
| 2012 | 37.7% | +1.96pp | ||
| 2011 | 35.8% | +0.97pp | ||
| 2010 | 34.8% | +2.02pp | ||
| 2009 | 32.8% | +12.72pp | ||
| 2008 | 20.1% | -16.51pp | ||
| 2007 | 36.6% | +5.68pp | ||
| 2006 | 30.9% | +2.31pp | ||
| 2005 | 28.6% | +4.88pp | ||
| 2004 | 23.7% | -14.46pp | ||
| 2003 | 38.2% | +0.87pp | ||
| 2002 | 37.3% | +5.37pp | ||
| 2001 | 31.9% | +1.92pp | ||
| 2000 | 30.0% | +0.87pp | ||
| 1999 | 29.1% | +5.74pp | ||
| 1998 | 23.4% | — |
- 202529.1%-8.02pp
- 202437.1%+1.98pp
- 202335.1%-0.59pp
- 202235.7%-2.73pp
- 202138.5%+3.31pp
- 202035.1%-3.04pp
- 201938.2%-0.25pp
- 201838.4%-0.20pp
- 201738.6%+1.36pp
- 201637.3%-3.64pp
- 201540.9%+0.53pp
- 201440.4%+2.49pp
- 201337.9%+0.15pp
- 201237.7%+1.96pp
- 201135.8%+0.97pp
- 201034.8%+2.02pp
- 200932.8%+12.72pp
- 200820.1%-16.51pp
- 200736.6%+5.68pp
- 200630.9%+2.31pp
- 200528.6%+4.88pp
- 200423.7%-14.46pp
- 200338.2%+0.87pp
- 200237.3%+5.37pp
- 200131.9%+1.92pp
- 200030.0%+0.87pp
- 199929.1%+5.74pp
- 199823.4%—
Operating Margin values are taken from BlackRock's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at BlackRock (BLK)
According to BlackRock's latest reported financial statements, the company's latest reported operating margin is 29.9%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
BlackRock (BLK) most recent annual operating margin stands at 29.09% (2025) – contracted 8.0 percentage points year-over-year.
40.91% stands as the all-time-high annual operating margin, posted in 2015, against a low of 20.06% during 2008.
BlackRock Operating Margin by Year
BlackRock Operating Margin 2025: 29.1%
2025's operating margin for BlackRock came in at 29.09%, contracted 8.0 percentage points from 2024.
BlackRock Operating Margin 2024: 37.1%
BlackRock posted operating margin of 37.11% in 2024, expanded 2.0 percentage points from 2023.
BlackRock Operating Margin 2023: 35.1%
In 2023, BlackRock reported operating margin of 35.14%, contracted 0.6 percentage points from 2022.
BlackRock Operating Margin 2022: 35.7%
BlackRock operating margin in 2022 was 35.72%, contracted 2.7 percentage points from 2021.
BlackRock Operating Margin 2021: 38.5%
BlackRock operating margin in 2021 was 38.45%.
See more financial history for BlackRock (BLK).
Sector peers by Operating Margin
Financial Services peers of BlackRock (BLK), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
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