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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. BlackRock's selling, general, & admin. expense for the
three
months ended in Mar. 2026 was CHF534 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was CHF2,220 Mil.
BlackRock (XSWX:BLK) Selling, General, & Admin. Expense Explanation
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
BlackRock Selling, General, & Admin. Expense Related Terms
BlackRock Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for BlackRock's Selling, General, & Admin. Expense 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.
BlackRock Selling, General, & Admin. Expense Chart
XSWX:BLK vs BX, KKR, APO: Selling, General, & Admin. Expense Comparison
For the Asset Management subindustry, BlackRock's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where BlackRock's Selling, General, & Admin. Expense falls into.
BlackRock Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF2,220 Mil.
* 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.
What does a Selling, General, & Admin. Expense of CHF2,220 Mil mean?
BlackRock (XSWX:BLK) has a Selling, General, & Admin. Expense of CHF2,220 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on BlackRock and its competitors.
Is BlackRock's Selling, General, & Admin. Expense too high?
BlackRock's current Selling, General, & Admin. Expense is CHF2,220 Mil. Overall, BlackRock has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BlackRock's Selling, General, & Admin. Expense compare to BX and KKR?
BlackRock's Selling, General, & Admin. Expense of CHF2,220 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 Selling, General, & Admin. Expense for an Asset Management company?
A good Selling, General, & Admin. Expense depends on the Asset Management industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on BlackRock and its competitors. BlackRock's current Selling, General, & Admin. Expense is CHF2,220 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 CHF924.30, compared to a current price of CHF850.10 — trading 8% below its estimated fair value. The current Selling, General, & Admin. Expense is CHF2,220 Mil. BlackRock's overall GF Score™ is 94/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For BlackRock (XSWX:BLK), the current Selling, General, & Admin. Expense is CHF2,220 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 CHF850.10 is trading 8% below its estimated GF Value™ of CHF924.30.
GuruFocus considers BlackRock to be Fairly Valued.
Key valuation signals for XSWX:BLK:
Selling, General, & Admin. Expense: CHF2,220 Mil
GF Value™: CHF924.30 vs. price of CHF850.10 (8% 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.
94GF Score
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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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