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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BlackRock's retained earnings for the quarter that ended in Mar. 2026 was CHF30,848 Mil.
BlackRock's quarterly retained earnings
increased
from Sep. 2025 (CHF29,918 Mil) to Dec. 2025 (CHF30,202 Mil) and
increased
from Dec. 2025 (CHF30,202 Mil) to Mar. 2026 (CHF30,848 Mil).
BlackRock's annual retained earnings
increased
from Dec. 2023 (CHF27,970 Mil) to Dec. 2024 (CHF31,751 Mil) but then
declined
from Dec. 2024 (CHF31,751 Mil) to Dec. 2025 (CHF30,202 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
BlackRock Retained Earnings Historical Data
* Premium members only.
The historical data trend for BlackRock's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of CHF30,848 Mil mean?
BlackRock (XSWX:BLK) has a Retained Earnings of CHF30,848 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on BlackRock and its competitors.
Is BlackRock's Retained Earnings too high?
BlackRock's current Retained Earnings is CHF30,848 Mil. Overall, BlackRock has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BlackRock's Retained Earnings compare to BX and KKR?
BlackRock's Retained Earnings of CHF30,848 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Asset Management company?
A good Retained Earnings depends on the Asset Management industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on BlackRock and its competitors. BlackRock's current Retained Earnings is CHF30,848 Mil. 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?
Based on GuruFocus' analysis, BlackRock (XSWX:BLK) is currently considered Fairly Valued. The stock's GF Value™ is CHF913.79, compared to a current price of CHF871.30 — trading 4.6% below its estimated fair value. The current Retained Earnings is CHF30,848 Mil. BlackRock's overall GF Score™ is 92/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For BlackRock (XSWX:BLK), the current Retained Earnings is CHF30,848 Mil 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 (XSWX:BLK) Overvalued in 2026?
Based on GuruFocus' analysis, BlackRock stock appears to be undervalued.
The current stock price of CHF871.30 is trading 4.6% below its estimated GF Value™ of CHF913.79.
GuruFocus considers BlackRock to be Fairly Valued.
Key valuation signals for XSWX:BLK:
Retained Earnings: CHF30,848 Mil
GF Value™: CHF913.79 vs. price of CHF871.30 (4.6% below fair value)
No single metric tells the full story. See the XSWX:BLK 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.
92GF Score
Get the complete analysis for XSWX:BLK
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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