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Screener / SEC EDGAR /CIK 0002012383 /10-K filed Feb 25, 2026, compared with Feb 25, 2025 /Numbers from the XBRL of the 10-Ks
Financials peers:
APOBLKSCHWMRSHAIGHIG
NYSE Financials · Brokers & Investment Banks

BlackRock BLK

BLK quote by TradingView

BlackRock, Inc. (together, with its subsidiaries, unless the context otherwise indicates, “BlackRock” or the “Company”) is a leading publicly traded investment management firm with $14.0 trillion of assets under management (“AUM”) at December 31, 2025. 10-K, Item 1

Headquarters
New York, NY
CEO
Laurence Fink
Next results
around Jan 14, 2027
Compare with peers Embed

BLK among Financials peers

Six ratios from the latest 10-K. Each corner is the share of 75 peers the company is above, not a score.

Compare
Revenue growth: 18.7%, above 87% of 75 peers (their median 7.2%) REVENUE GROWTH 18.7% · above 87% Operating margin: 32.5%, above 67% of 27 peers (their median 25.3%) OPERATING MARGIN 32.5% · above 67% Net margin: 24.2%, above 65% of 75 peers (their median 20.1%) NET MARGIN 24.2% · above 65% FCF margin: 16.8%, above 29% of 48 peers (their median 21.5%) FCF MARGIN 16.8% · above 29% Return on capital: 7.8%, above 32% of 25 peers (their median 12.2%) RETURN ON CAPITAL 7.8% · above 32%
BLK Peer median Below the median

What changed

19 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 25, 2026 against Feb 25, 2025.

Risk factors
19 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: Testing the source information underlying the determination of the discount rates and the mathematical accuracy of the valuation. o (“For acquired management contracts, evaluating the reasonableness of the methodology used, and developing a range of independent estimates and comparing those to the discount rates and a long-term growth rate selected by management. o”). Same as last year: F-2
10-K · XBRL
Accounting checks
8 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
1 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

9 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 8 checks found nothing to note

  • Critical audit matters changed
    New this year: Testing the source information underlying the determination of the discount rates and the mathematical accuracy of the valuation. o (“For acquired management contracts, evaluating the reasonableness of the methodology used, and developing a range of independent estimates and comparing those to the discount rates and a long-term growth rate selected by management. o”). Same as last year: F-2
  • Receivables +19.8% vs revenue +18.7% (+1.2 pts)
7 more checks with nothing to note
  • Same auditor in both 10-Ks: Deloitte & Touche LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

19 paragraphs in Risk Factors that were not in the 10-K filed Feb 25, 2025. Quoted as filed.

All 19 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
    In addition, the relative performance of different markets that impact the Company’s AUM and net inflows may lead to an increase in the proportion of AUM weighted towards lower (or higher) relative management fee rates. As a result, the Company’s average effective fee rate may be lower (or higher) from period to period. These potential…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
    The EU has enacted numerous sustainability regulations which continue to evolve. In December 2025, the European Parliament and Council approved proposals to simplify and reduce the scope of the Corporate Sustainability Due Diligence Directive ("CSDDD") and the Corporate Sustainability Reporting Directive ("CSRD”). Furthermore, in…

New risk paragraphs, against peers

Latest 10-K of each, Financials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$17.9B$17.9B$20.4B$24.2B
Net income$5.2B$5.5B$6.4B$5.6B
Operating cash flow$5.0B$4.2B$5.0B$3.9B
Free cash flow$4.4B$3.8B$4.7B$3.6B

Revenue, FY2022 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$24.2B ▲ 18.7% in FY2025

FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

1 filing in the last 30 days · SEC EDGAR

All filings

About the company

BlackRock, New York, NY · from the 10-K filed Feb 25, 2026

BlackRock, Inc. (together, with its subsidiaries, unless the context otherwise indicates, “BlackRock” or the “Company”) is a leading publicly traded investment management firm with $14.0 trillion of assets under management (“AUM”) at December 31, 2025. With approximately 24,900 employees in more than 30 countries who serve clients in over 100 countries across the globe, BlackRock provides a broad range of investment management and technology and subscription services to institutional and retail clients worldwide.

Headquarters
New York, NY
Country
United States
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 14, 2026
Incorporated in
DE

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Sources

The 10-K filed Feb 25, 2026 (open at SEC), compared with the 10-K filed Feb 25, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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