BlackRockCHIX:UU2D 93 Pretax Margin % is 42.43% as of Mar. 2026, which is 8% above its 10-year median of 39.24. 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 1,579 Asset Management companies, BlackRock ranks worse than 69.79% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. BlackRock's Pre-Tax Income for the
three
months ended in Mar. 2026 was €2,458 Mil. BlackRock's Revenue for the
three
months ended in Mar. 2026 was €5,794 Mil. Therefore, BlackRock's pretax margin for the quarter that ended in Mar. 2026 was 42.43%.
The historical rank and industry rank for BlackRock's Pretax Margin % or its related term are showing as below:
CHIX:UU2d'
s Pretax Margin % Range Over the Past 10 Years
Min: 31.46 Med: 39.24 Max: 42.19
Current: 33.93
CHIX:UU2d's Pretax Margin % is ranked worse than 69.79% of 1579
companies
in the Asset Management industry
Industry Median: 89.43
vs CHIX:UU2d: 33.93
BlackRock (CHIX:UU2d) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
BlackRock Pretax Margin % Related Terms
BlackRock Pretax Margin % Historical Data
* Premium members only.
The historical data trend for BlackRock's Pretax 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: Pretax Margin % Comparison
For the Asset Management subindustry, BlackRock's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where BlackRock's Pretax 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.
BlackRock (CHIX:UU2D) has a Pretax Margin % of 42.43% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on BlackRock and its competitors. This is near median its historical median of 39.24. Over the past decade, BlackRock's Pretax Margin % has ranged from 31.46 to 42.19. According to the industry distribution chart, BlackRock ranks #1102 out of 1579 companies in the Asset Management industry, placing it in the top 69.8%.
Is BlackRock's Pretax Margin % too high?
BlackRock's current Pretax Margin % of 42.43% is near median its 10-year median of 39.24. Over the past 10 years, this metric has ranged from a low of 31.46 to a high of 42.19. The Asset Management industry median Pretax Margin % is 89.43. BlackRock's value of 42.43% is 52.6% below this industry median. Based on the distribution chart, BlackRock ranks #1102 out of 1579 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 Pretax Margin % compare to BX and KKR?
According to the Asset Management industry distribution chart, BlackRock ranks #1102 out of 1579 companies for Pretax Margin %. This places BlackRock in the lower half of its industry. The industry median Pretax Margin % is 89.43. BlackRock's value of 42.43% is 52.6% below this benchmark. Historically, BlackRock's own Pretax Margin % has ranged from 31.46 to 42.19 over the past decade. While the company's 10-year median is 39.24 vs. the industry median of 89.43, 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 Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.43, based on 1,579 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock's current Pretax Margin % of 42.43% is 52.6% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on BlackRock and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock's current Pretax Margin % is 42.43%, which is near median its own 10-year median of 39.24. 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 Pretax Margin % of 42.43%. 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 Pretax Margin % is 42.43%, which is near median its 10-year median of 39.24 and 52.6% below the Asset Management industry median of 89.43. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For BlackRock (CHIX:UU2D), the current Pretax Margin % is 42.43% 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:
Pretax Margin %: 42.43% (near median its 10-year median of 39.24)
GF Value™: €885.06 vs. price of €793.50 (10.3% below fair value)
Industry Position: 52.6% below the Asset Management median (#1102 of 1579)
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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