BlackRock (BLK)
Manages public and private portfolios and provides Aladdin investment technology.
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Manages index, active, cash, and private-market strategies for institutional and retail clients worldwide, led by iShares ETFs and enlarged infrastructure and private-credit platforms. Most revenue comes from asset-based fees, while Aladdin, eFront, and Preqin add recurring technology and data subscriptions.
Manages index and active portfolios across equities, fixed income, multi-asset, cash, and alternatives for institutional and retail clients across the Americas, EMEA, and Asia-Pacific. iShares supplies exchange-traded funds, while private markets span infrastructure, private credit, real estate, and private equity through GIP and Private Financing Solutions.
Runs Aladdin as an end-to-end investment and risk operating system for its own teams and external clients; eFront and Preqin extend the platform into private-market workflows and data. Global distribution, integrated risk analytics, and breadth across public and private markets support whole-portfolio mandates.
Earns most revenue from advisory and administration fees tied to assets under management, with additional technology subscriptions, performance fees, securities lending, and distribution fees. Results therefore depend on market levels, client flows, investment performance, and continued access to tightly regulated financial markets across multiple jurisdictions.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 10, 2026 | Evercore ISI | Reiterate | Rating: —Target: $1,145 | Target: $1,260 |
| Jul 16, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $1,380 | Target: $1,258 |
| Jul 16, 2026 | UBS | Reiterate | Rating: —Target: $1,235 | Target: $1,320 |
| Jul 16, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $1,313 | Target: $1,389 |
| Jul 16, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $1,383 | Target: $1,488 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $25.64B · Total debt $14.97B · Total assets $175.88B · Shareholders' equity $57.61B
- Revenue
- $7.08B
- Operating income
- $2.53B
- Net income
- $1.91B
HistoryDividendAnnual yield
| Institutions | 37.51% | 121.89M shares | |
|---|---|---|---|
| 2,379 holders · as of Jun 30, 2026 | |||
| Insiders | 0.35% | 1.15M shares | |
| 29 holders · as of Aug 26, 2026 | |||
| Other | 62.14% | 201.91M shares | |
| remainder | |||
324.95M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (324.95M in the company's Sep 22, 2026 report, 155.00M elsewhere); stakes use the report.
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 3.12% | 10.14M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.86% | 9.28M | as of Jun 30, 2026 |
State Street CorpInstitution | 1.97% | 6.41M | as of Jun 30, 2026 |
Temasek Holdings (Private) LtdInstitution | 1.60% | 5.20M | as of Jun 30, 2026 |
Bank of America Corp /DE/Institution | 1.41% | 4.59M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 16, 2026 | Christopher J. Meade | officer: General Counsel and CLO | −18,095 | $1,102.09 |
| Jul 16, 2026 | Laurence Fink | director, officer: Chairman and CEO | −1,905 | $1,080.57 |
| Apr 28, 2026 | Laurence Fink | director, officer: Chairman and CEO | −33,900 | $1,050.55 |
| Apr 27, 2026 | Robert Kapito | director, officer: President | −8,739 | $1,056.60 |
| Feb 24, 2026 | J. Richard Kushel | officer: Senior Managing Director | −2,385 | $1,083.35 |
- Blackstone
World's largest alt manager (~$1.27T AUM); most direct private-markets rival.
- Apollo Global Management
~$938B AUM; world's #1 private credit manager and most direct HPS rival.
- State Street
ETF oligopoly peer via SPDR; co-defendant in coal antitrust suit with BLK.
- Ares Management
~$622B AUM; fastest-growing large alts platform in private credit and real assets
- KKR
~$686B AUM alternatives giant; competes in private credit and infrastructure.
- Invesco
QQQ franchise (~$374B) now contested by BLK's filed IQQ Nasdaq 100 ETF.
- T. Rowe Price
Largest active target-date fund provider; head-to-head in retirement mandates.
- Franklin Templeton
Multi-boutique active manager; Western Asset contests BLK in fixed income.
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BlackRock | $1,068.00 | +0.14% | $168.99B | 26.1 | 17.9 | 6.2 | +30.6% |
| Blackstone | $123.69 | −0.29% | $152.70B | 28.1 | 19.3 | 9.5 | +2.4% |
| Apollo Global Management | $124.15 | −0.04% | $73.67B | 28.6 | 12.7 | 2.0 | +63.7% |
| State Street | $180.25 | +0.03% | $51.04B | 16.3 | 12.5 | 2.2 | −30.2% |
| Ares Management | $124.50 | −0.19% | $41.60B | 52.6 | 19.2 | 6.5 | +5.8% |
| KKR | $98.44 | −0.03% | $90.53B | 31.7 | 14.0 | 4.3 | −44.8% |
| Invesco | $30.85 | 0.00% | $13.91B | — | 10.1 | 2.0 | +20.3% |
| T. Rowe Price | $104.17 | −0.01% | $22.42B | 10.5 | 10.1 | 3.0 | +10.7% |
| Franklin Templeton | $32.82 | −1.00% | $17.48B | 22.4 | 10.7 | 1.9 | −12.0% |
| Median | 28.1 | 12.6 | 2.6 | +4.1% |