BlackRock (BLK)财务
NYSE · Financial Services · Asset Management · 员工24,900人 · CEO Laurence Douglas Fink
- 股价
- $1,147.54 -2.44%
- 市值
- $1780亿
- 企业价值
- $1780亿
- 最近财报
- Q3 '26 2026-10-14提交
- 下次财报
- 2027-01-21 EPS预期 $15.47
营收(TTM)$285亿+24.7% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)30.8%-2.2 百分点 对比去年同期营业利润 $87.8亿
净利润(TTM)$69.1亿+13.4% 对比去年同期税后,含营业外收益
自由现金流(TTM)$9.85亿-75.0% 对比去年同期资本支出 $4.51亿
稀释EPS(TTM)$43.98+13.1% 对比去年同期最近4个季度之和
净现金$0+100.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $1780亿 EV $1780亿
- 营收
- $285亿 过去12个月
- 营收增速
- +22% FY2026年一致预期
- 净利润率
- 24.2% 净利润 / 营收,TTM
- P/E
- 25.7× 预期 19.9×(FY2026)
- P/S
- 6.2× 股价 / 营收,TTM
- EV / EBITDA
- 15.8× TTM
- 自由现金流
- $9.85亿 过去12个月
- 净利润
- $69.1亿 过去12个月
- 营收预期
- $296亿 FY2026年一致预期
- 盈利
- 2027-01-21 营收预期 $79.8亿
- 股息
- $22.40 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-14):营收超预期4.5%,EPS 超预期11.2%营收$77.5亿,预期$74.2亿(+4.5%);EPS $15.93,预期$14.32(+11.2%)。
- 营收增长放缓:同比19.1%Q3 '26营收$77.5亿,此前四个季度的平均值为26.6%。
- 营业利润率30.8%(TTM),较去年同期-2.2 百分点营收增长24.7%,营业利润增长16.3%。
- 税前利润的10.5%来自营业外收益税前利润$98.1亿,营业利润$87.8亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的1.6%(去年为1.5%)最近4个季度投入$4.51亿(同比+34.6%)。自由现金流$9.85亿,相当于净利润的14.3%。
- 股东回报$63.2亿 = 自由现金流的642.0%回购$26亿(去年为$18.2亿),股息$37.3亿,股权激励$10.4亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内增加5.0%Q3 '26稀释股数1.65亿,一年前为1.57亿。
- 净现金 $0现金 + 短期投资 $0,含租赁债务 $0;一年前净债务 $24.5亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $77.5亿 | $65.1亿 | +19.1% |
| 毛利率 | 81.8% | 45.9% | +35.8 百分点 |
| 营业利润 | $23.3亿 | $20.5亿 | +13.8% |
| 营业利润率 | 30.0% | 31.4% | -1.4 百分点 |
| 净利润 | $16.6亿 | $13.2亿 | +25.4% |
| 稀释EPS | $10.57 | $8.43 | +25.4% |
| 经营现金流 | $0 | $14.1亿 | -100.0% |
| 资本支出 | $0 | $7800万 | -100.0% |
| 自由现金流 | $0 | $13.4亿 | -100.0% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $0 | $4.19亿 | -100.0% |
实际 vs 一致预期
2026-10-14| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $77.5亿 | $74.2亿 | +4.5% |
| EPS(一致预期口径) | $15.93 | $14.32 | +11.2% |
来自2026-10-14发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Investment Advice | $57.3亿 | +28.6% | 87.8% | – | – | |
| Investment Performance | $3.05亿 | +224.5% | 4.7% | – | – | |
| Distribution and Shareholder Service | $3.95亿 | +23.4% | 6.1% | – | – | |
| Service, Other | $9200万 | +64.3% | 1.4% | – | – |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Americas | $46.9亿 | +31.7% | 66.3% | – | – | |
| Europe | $20.5亿 | +28.1% | 29.0% | – | – | |
| Asia Pacific | $3.36亿 | +31.3% | 4.7% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $14.4亿
- 资本支出
- -$4.51亿
- 股票回购
- -$26亿
- 股息
- -$37.3亿
- 收购
- -$3000万
- 债务净发行
- $1.25亿
- 股权激励费用
- $10.4亿
- 自由现金流
- $9.85亿
- 股东回报 / FCF
- 642.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 25.7× | 24.1× | 20.7× – 29.9× |
| EV / EBITDA | 15.8× | 18.2× | 15.7× – 20.9× |
| EV / 营收 | 6.2× | 6.9× | 6.0× – 7.6× |
| 股价 / FCF | 180.4× | 33.1× | 24.2× – 46.7× |
| 股价 / 净资产 | 2.8× | 3.2× | 2.8× – 3.7× |
| FCF收益率 | 0.6% | 3.2% | 2.1% – 4.1% |
| 投入资本回报率 | 0.0% | 4.0% | 3.3% – 4.4% |
| 净资产收益率 | 11.8% | 13.3% | 9.9% – 15.7% |
分析师
一致目标价 $1,341.45 (+16.9%)
区间 $1,250.00 – $1,468.00 · 评级 Buy
强烈买入0
买入27
持有6
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $296亿 | +22.0% | $57.75 | +63.6% | 19.9× | 9 |
| FY2027 | $326亿 | +10.4% | $65.10 | +12.7% | 17.6× | 9 |
| FY2028 | $366亿 | +12.1% | $74.78 | +14.9% | 15.3× | 2 |
| FY2029 | $405亿 | +10.7% | $85.09 | +13.8% | 13.5× | 1 |
| FY2030 | $328亿 | -19.0% | $103.10 | +21.2% | 11.1× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
BlackRock, Inc.在近期10-Q / 10-K文件中标记的全部278项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable and Accrued Liabilities | $20.1亿 | $16.9亿 | +19.3% | $17.4亿 | $15.4亿 | +13.3% |
| Accounts Receivable, after Allowance for Credit Loss | $54.4亿 | $43.5亿 | +25.1% | $51.6亿 | $43亿 | +19.8% |
| Accrued Income Taxes | $1.88亿2025-12-31 | $1.34亿 | +40.3% | $1.88亿 | $1.34亿 | +40.3% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $18.5亿 | $17亿 | +8.8% | $16.9亿 | $15.5亿 | +9.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$6.53亿 | -$5.15亿 | -26.8% | -$5.45亿 | -$11.8亿 | +53.7% |
| Additional Paid in Capital, Common Stock | $194亿 | $139亿 | +40.0% | $197亿 | $134亿 | +46.9% |
| Amortization of Intangible Assets | $2.76亿 | $1.37亿 | +101.5% | – | – | – |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 02025-12-31 | 0 | – | 0 | 0 | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $3.02亿 | $2.26亿 | +33.6% | $13.1亿 | $7.53亿 | +73.6% |
| AssetAcquisitionConsiderationTransferredContingentConsideration | $02025-12-31 | $42.5亿 | -100.0% | $34.1亿 | $42.5亿 | -19.6% |
| Assets | $1760亿 | $1460亿 | +20.1% | $1700亿 | $1390亿 | +22.6% |
| Banking Regulation, Tier One Leverage Capital Ratio, Actual | 67.6%2025-12-31 | 71.3% | -5.2% | 67.6% | 71.3% | -5.2% |
| Banking Regulation, Tier One Leverage Capital Ratio, Capital Adequacy, Minimum | 4.0%2025-12-31 | 4.0% | 0.0% | 4.0% | 4.0% | 0.0% |
| Banking Regulation, Tier One Leverage Capital Ratio, Well Capitalized, Minimum | 5.0%2025-12-31 | 5.0% | 0.0% | 5.0% | 5.0% | 0.0% |
| Banking Regulation, Tier One Leverage Capital, Actual | $8.46亿2025-12-31 | $9.53亿 | -11.2% | $8.46亿 | $9.53亿 | -11.2% |
| Banking Regulation, Tier One Leverage Capital, Capital Adequacy, Minimum | $5000万2025-12-31 | $5300万 | -5.7% | $5000万 | $5300万 | -5.7% |
| Banking Regulation, Tier One Leverage Capital, Well Capitalized, Minimum | $6300万2025-12-31 | $6700万 | -6.0% | $6300万 | $6700万 | -6.0% |
| Banking Regulation, Tier One Risk-Based Capital Ratio, Actual | 11.4%2025-12-31 | 15.2% | -25.0% | 11.4% | 15.2% | -25.0% |
| Banking Regulation, Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum | 6.0%2025-12-31 | 6.0% | 0.0% | 6.0% | 6.0% | 0.0% |
| Banking Regulation, Tier One Risk-Based Capital Ratio, Well Capitalized, Minimum | 8.0%2025-12-31 | 8.0% | 0.0% | 8.0% | 8.0% | 0.0% |
| Banking Regulation, Tier One Risk-Based Capital, Actual | $8.46亿2025-12-31 | $9.53亿 | -11.2% | $8.46亿 | $9.53亿 | -11.2% |
| Banking Regulation, Tier One Risk-Based Capital, Capital Adequacy, Minimum | $4500万2025-12-31 | $3800万 | +18.4% | $4500万 | $3800万 | +18.4% |
| Banking Regulation, Tier One Risk-Based Capital, Well Capitalized, Minimum | $5900万2025-12-31 | $5000万 | +18.0% | $5900万 | $5000万 | +18.0% |
| Banking Regulation, Total Capital, Actual | $8.51亿2025-12-31 | $9.61亿 | -11.4% | $8.51亿 | $9.61亿 | -11.4% |
| Banking Regulation, Total Risk-Based Capital Ratio, Actual | 11.5%2025-12-31 | 15.3% | -25.2% | 11.5% | 15.3% | -25.2% |
| Banking Regulation, Total Risk-Based Capital Ratio, Capital Adequacy, Minimum | 8.0%2025-12-31 | 8.0% | 0.0% | 8.0% | 8.0% | 0.0% |
| Banking Regulation, Total Risk-Based Capital Ratio, Well Capitalized, Minimum | 10.0%2025-12-31 | 10.0% | 0.0% | 10.0% | 10.0% | 0.0% |
| Banking Regulation, Total Risk-Based Capital, Capital Adequacy, Minimum | $5900万2025-12-31 | $5000万 | +18.0% | $5900万 | $5000万 | +18.0% |
| Banking Regulation, Total Risk-Based Capital, Well Capitalized, Minimum | $7400万2025-12-31 | $6300万 | +17.5% | $7400万 | $6300万 | +17.5% |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | $1100万 | $7600万 | -85.5% | $7.2亿 | -$3600万 | +2,100.0% |
| Business Combination, Contingent Consideration, Liability | $79亿 | – | – | $84亿 | – | – |
| Business Combination, Contingent Consideration, Liability, Current | $78.8亿 | $44.7亿 | +76.1% | $84.3亿 | $43亿 | +95.9% |
| Cash and Cash Equivalents, at Carrying Value | $105亿 | $94.8亿 | +10.7% | $115亿 | $128亿 | -10.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $105亿 | $95亿 | +10.7% | $115亿 | $128亿 | -10.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $6.51亿 | $17.3亿 | -62.4% | -$12.9亿 | $40.3亿 | -132.0% |
| Common Stock, Dividends, Per Share, Declared | $5.73 | $5.21 | +10.0% | $20.84 | $20.40 | +2.2% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 5亿 | 5亿 | 0.0% | 5亿 | 5亿 | 0.0% |
| Common Stock, Shares, Issued | 1.56亿 | 1.56亿 | +0.2% | 1.56亿 | 1.55亿 | +0.6% |
| Common Stock, Shares, Outstanding | 1.55亿 | 1.55亿 | +0.2% | 1.55亿 | 1.55亿 | +0.1% |
| Common Stock, Value, Issued | $200万 | $200万 | 0.0% | $200万 | $200万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | – | – | – | $1.43亿2024-12-31 | $1.74亿 | -17.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $19.4亿 | $20.3亿 | -4.3% | $61.6亿 | $60.3亿 | +2.1% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $20.7亿 | $21亿 | -1.5% | $65.5亿 | $61.7亿 | +6.1% |
| CryptoAssetCost | $5.16亿2025-09-30 | – | – | – | – | – |
| CryptoAssetFairValue | $5.74亿2025-09-30 | – | – | – | – | – |
| Current Federal Tax Expense (Benefit) | – | – | – | $12.5亿 | $9.6亿 | +30.2% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $8.44亿 | $7.87亿 | +7.2% |
| Current Income Tax Expense (Benefit) | – | – | – | $23.1亿 | $18.9亿 | +22.2% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $2.14亿 | $1.42亿 | +50.7% |
| Debt Instrument, Face Amount | $128亿 | $129亿 | -0.2% | $129亿 | $124亿 | +3.6% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $9900万 | $1.12亿 | -11.6% | $1.07亿 | $1.11亿 | -3.6% |
| Debt Securities, Held-to-maturity | $4.87亿 | $5.51亿 | -11.6% | $5.07亿 | $5.47亿 | -7.3% |
| Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | $2.23亿 | $1.43亿 | +55.9% | $1.78亿 | $1.88亿 | -5.3% |
| Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $2.33亿 | $3.83亿 | -39.2% | $3.16亿 | $3.26亿 | -3.1% |
| Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $3100万 | $1700万 | +82.4% | $1300万 | $2400万 | -45.8% |
| Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | – | – | – | $900万2024-12-31 | – | – |
| Debt Securities, Trading | $33.8亿 | $21.7亿 | +55.5% | $27.9亿 | $17.5亿 | +59.3% |
| Debt Securities, Trading, Amortized Cost | $33.5亿 | $21.8亿 | +53.8% | $27.7亿 | $17.6亿 | +57.5% |
| Deferred Compensation Arrangement with Individual, Compensation Expense | – | – | – | $3.71亿 | $2.12亿 | +75.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30
数据截至 2026-11-01