Filing Flows › Comparisons › GLXY vs BLK
Galaxy Digital vs BlackRock: GLXY and BLK compared
Galaxy Digital is the larger company: $8.1B of revenue in its latest quarter (Q3 2026) against $7.8B for BlackRock (Q3 2026). BlackRock is growing faster (+19% against -72% a year earlier). BlackRock is more profitable, with an operating margin of 30.0% against 4.3%.
Where the money goes: GLXY and BLK
Galaxy Digital (GLXY) · Q3 2026
Galaxy Digital, Q3 2026: revenue $8.1B (-72% year over year), operating margin 4.3%, net earnings $151M. The chart follows the revenue to costs, profit and cash.
BlackRock (BLK) · Q3 2026
BlackRock, Q3 2026: revenue $7.8B (+19% year over year), operating margin 30.0%, net earnings $1.7B, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.
| Galaxy Digital (GLXY) | BlackRock (BLK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $8.1B | $7.8B |
| Revenue growth, Y/Y | -72% | +19% |
| Operating margin | 4.3% | 30.0% |
| Net earnings | $151M | $1.7B |
| Net margin | 1.9% | 21.4% |
| Operating cash flow | — | $2.7B |
| Free cash flow | — | $2.6B |
| Market value | $2.5B | $192.6B |
| P/E | — | 26.7× |
| Analysts’ mean target | $35.66 | $1361.06 |
Where the revenue comes from
BlackRock
- Investment Advice: $6.0B (78%)
- Investment Performance: $630M (8%)
- Technology Services and Subscription Revenue: $588M (8%)
- Distribution and Shareholder Service: $414M (5%)
Questions
Which is bigger, Galaxy Digital or BlackRock?
Galaxy Digital is the larger company: $8.1B of revenue in its latest quarter (Q3 2026) against $7.8B for BlackRock (Q3 2026).
Is Galaxy Digital or BlackRock growing faster?
BlackRock is growing faster (+19% against -72% a year earlier).
Which is more profitable, Galaxy Digital or BlackRock?
BlackRock is more profitable, with an operating margin of 30.0% against 4.3%.
More: Galaxy Digital earnings · how Galaxy Digital makes money · BlackRock earnings · how BlackRock makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Oct 27, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.