BlackRock BLK

1,086.31 12.86 1.20% as of 25 Sep
Market cap
$174.4B
P/E
25.6×
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Growth Flags show if company had growth for consecutive years

BlackRock (BLK) Free cash flow margin

BlackRock's free cash flow margin over the twelve months to 30 June 2026 was 12.9%, down 1.8 percentage points from fiscal 2025 (14.7%). Over the past ten years it has ranged from 14.7% (fiscal 2025) to 27.9% (fiscal 2017) — the current reading is the lowest in ten years. That is in line with the Asset Management industry median of 12.4% and below the Financial sector median of 15.6%.

Free cash flow margin, annual

Annual

Period Free cash flow margin Change (points)
FY2025 14.7% (8.37)
FY2024 23.0% 1.64
FY2023 21.4% (3.35)
FY2022 24.8% 0.99
FY2021 23.8% 1.86
FY2020 21.9% 3.81
FY2019 18.1% (2.13)
FY2018 20.2% (7.68)
FY2017 27.9% 10.33
FY2016 17.6% (6.84)

Against its own ten years

Low 14.7% High 27.9%
Ten-year median 21.9%
Current reading's percentile 9

Free cash flow margin against peers

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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