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BlackRock (MIL:1BLK) Tax Rate % : 25.34% (As of Sep. 2024)


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What is BlackRock Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. BlackRock's Tax Expense for the three months ended in Sep. 2024 was €517 Mil. BlackRock's Pre-Tax Income for the three months ended in Sep. 2024 was €2,041 Mil. Therefore, BlackRock's Tax Rate % for the quarter that ended in Sep. 2024 was 25.34%.

BlackRock Tax Rate % Historical Data

The historical data trend for BlackRock's Tax Rate % 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.

* Premium members only.

BlackRock Tax Rate % Chart

BlackRock Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.79 18.98 24.08 20.60 20.67

BlackRock Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.78 22.73 15.16 23.68 25.34

BlackRock Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

BlackRock's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=1356.243/6561.135
=20.67 %

BlackRock's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=517.174/2040.765
=25.34 %

* 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 Tax Rate % Related Terms

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BlackRock Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock Inc (MIL:1BLK) » Definitions » Tax Rate %
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Traded in Other Exchanges
BLK:USA BLK:Mexico 0QZZ:UK UU2:Germany UU2:Germany UU2:Germany UU2:Germany BLK:Canada BLAK34:Brazil
Address
50 Hudson Yards, New York, NY, USA, 10001
Website
https://www.blackrock.com
BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around 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.

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