Feed / BLK

BlackRock, Inc.

BLK

Financial Services · 1,062.26 -0.9% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

BlackRock, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 21 directly disclosed connections are confirming.

Company-0.9% todayVolume comparison unavailable
Market group0 of 14 activeAlternative Asset Managers · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • BLK's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if BLK's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Financial Services · Asset Management

No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 21 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • BLK's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods4
Price observations601
Usable filing statements347
Verified relationships12
Evidence supporting the case
  • Latest annual revenue changed +18.7% year over year.
  • Demand and volume has repeated favorable evidence across 5 filings.
  • Foreign exchange has repeated favorable evidence across 5 filings.
  • Restructuring and cost reductions has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Operating margin changed -8.0 percentage points in the latest annual period.
  • Net margin changed -8.3 percentage points in the latest annual period.
  • Diluted shares increased 6.1% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

1,062.26
6m+11.7%12m-3.9%24m+21.2%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-12-31$17.9B$33.97
2023-12-31$17.9B-0.1%$36.51-1.1%
2024-12-31$20.4B+14.3%$42.01+0.6%
2025-12-31$24.2B+18.7%$35.31+6.1%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
For the six months ended June 30, 2026, net income of the Obligor Group was $164 million, primarily comprised of a noncash gain of $500 million related to a change in fair value of contingent consideration, partially offset by $261 million of interest expense…
10-Q · Aug 6, 2026
Demand and volumepositive · 5 filings
Technology services and subscription revenue of $1.1 billion increased $161 million from $935 million for the six months ended June 30, 2025, reflecting the sustained demand for Aladdin, multi-product solutions and the impact related to the Preqin Transaction…
10-Q · Aug 6, 2026
Foreign exchangepositive · 5 filings
AUM decreased $111 billion due to the impact of foreign exchange movements, primarily resulting from the strengthening of the US dollar, largely against the Japanese yen, the British pound, the euro and the Canadian dollar.
10-Q · Aug 6, 2026
Restructuring and cost reductionsmixed · 4 filings
Amortization and impairment of intangible assets (1) of $277 million increased $160 million from $117 million for the three months ended March 31, 2025, primarily reflecting amortization of intangible assets acquired in the HPS and Preqin Transactions.
10-Q · May 6, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.

Price action

How the market is pricing the story

1,062.26-0.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for BLK. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for BLK. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind BLK

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

BTIBritish American Tobacco p.l.c.competitorFeb 25, 2026

AUM increased $221 billion due to the impact of foreign exchange movements, primarily driven by the weakening of the US dollar, largely against the euro, the British pound and the Canadian dollar.

MSFTMicrosoft CorporationpartnerFeb 25, 2026

BlackRock has a number of key strategic partnerships, including with Microsoft.

Depended on by

MSCI96.0% of MSCIcustomerApr 21, 2026

For the three months ended March 31, 2026, our largest client organization by revenue, BlackRock, accounted for 11.7% of our consolidated operating revenues, with 96.0% of the operating revenues from BlackRock coming from fees based on the assets in BlackRock…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 18 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

BLK is currently a Follower in the organic co-movement group Alternative Asset Managers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.