BlackRockCHIX:UU2D 93 Gross Margin % is 48.01% as of Mar. 2026, which is 3% below its 10-year median of 49.67. GuruFocus rates CHIX:UU2D with a GF Score™ of 93/100 and a GF Value™ of €885.06. The stock has 6 warning signs investors should review. Among 553 Asset Management companies, BlackRock ranks worse than 60.58% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. BlackRock's Gross Profit for the
three
months ended in Mar. 2026 was €2,782 Mil. BlackRock's Revenue for the
three
months ended in Mar. 2026 was €5,794 Mil. Therefore, BlackRock's Gross Margin % for the quarter that ended in Mar. 2026 was 48.01%.
Warning Sign:
BlackRock Inc gross margin has been in long-term decline. The average rate of decline per year is -1.5%.
The historical rank and industry rank for BlackRock's Gross Margin % or its related term are showing as below:
CHIX:UU2d'
s Gross Margin % Range Over the Past 10 Years
Min: 46.7 Med: 49.67 Max: 51.01
Current: 46.81
During the past 13 years, the highestGross Margin % of BlackRock was 51.01%. The lowest was 46.70%. And the median was 49.67%.
CHIX:UU2d's Gross Margin % is ranked worse than 60.58% of 553
companies
in the Asset Management industry
Industry Median: 58.27
vs CHIX:UU2d: 46.81
BlackRock had a gross margin of 48.01% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for BlackRock was -1.50% per year.
BlackRock (CHIX:UU2d) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
BlackRock had a gross margin of 48.01% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
BlackRock Gross Margin % Related Terms
BlackRock Gross Margin % Historical Data
* Premium members only.
The historical data trend for BlackRock's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CHIX:UU2D vs BX, KKR, APO: Gross Margin % Comparison
For the Asset Management subindustry, BlackRock's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BlackRock Gross Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BlackRock's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
BlackRock (CHIX:UU2D) has a Gross Margin % of 48.01% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on BlackRock and its competitors. This is near median its historical median of 49.67. Over the past decade, BlackRock's Gross Margin % has ranged from 46.70 to 51.01. According to the industry distribution chart, BlackRock ranks #335 out of 553 companies in the Asset Management industry, placing it in the top 60.6%.
Is BlackRock's Gross Margin % too high?
BlackRock's current Gross Margin % of 48.01% is near median its 10-year median of 49.67. Over the past 10 years, this metric has ranged from a low of 46.70 to a high of 51.01. The Asset Management industry median Gross Margin % is 58.27. BlackRock's value of 48.01% is 17.6% below this industry median. Based on the distribution chart, BlackRock ranks #335 out of 553 companies in the Asset Management industry, which is below the industry midpoint. Overall, BlackRock has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock's Gross Margin % compare to BX and KKR?
According to the Asset Management industry distribution chart, BlackRock ranks #335 out of 553 companies for Gross Margin %. This places BlackRock in the lower half of its industry. The industry median Gross Margin % is 58.27. BlackRock's value of 48.01% is 17.6% below this benchmark. Historically, BlackRock's own Gross Margin % has ranged from 46.70 to 51.01 over the past decade. While the company's 10-year median is 49.67 vs. the industry median of 58.27, BlackRock has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Asset Management company?
The median Gross Margin % among Asset Management companies is 58.27, based on 553 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock's current Gross Margin % of 48.01% is 17.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on BlackRock and its competitors. For the Asset Management industry, the median Gross Margin % is 58.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock's current Gross Margin % is 48.01%, which is near median its own 10-year median of 49.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock stock overvalued right now?
BlackRock (CHIX:UU2D) has a current Gross Margin % of 48.01%. The stock's GF Value™ is €885.06, compared to a current price of €793.50 — trading 10.3% below its estimated fair value. The current Gross Margin % is 48.01%, which is near median its 10-year median of 49.67 and 17.6% below the Asset Management industry median of 58.27. BlackRock's overall GF Score™ is 93/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For BlackRock (CHIX:UU2D), the current Gross Margin % is 48.01% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BlackRock (CHIX:UU2D) Overvalued in 2026?
Based on GuruFocus' analysis, BlackRock stock appears to be undervalued.
The current stock price of €793.50 is trading 10.3% below its estimated GF Value™ of €885.06.
Key valuation signals for CHIX:UU2D:
Gross Margin %: 48.01% (near median its 10-year median of 49.67)
GF Value™: €885.06 vs. price of €793.50 (10.3% below fair value)
Industry Position: 17.6% below the Asset Management median (#335 of 553)
No single metric tells the full story. See the CHIX:UU2D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BlackRock is the largest asset manager in the world, with $14.041 trillion in assets under management at the end of December 2025. Its product mix is diverse, with 55% of managed assets in equity strategies, 23% in fixed income, 9% in multi-asset classes, 6% in money market funds, and 5% in alternatives. Passive strategies account for more than two-thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which, by our calculations, account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one-third of managed assets coming from investors domiciled outside the US and Canada.
93GF Score
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