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Goldman Sachs Group vs BlackRock: GS and BLK compared
Goldman Sachs Group is the larger company: $18.7B of revenue in its latest quarter (Q3 2026) against $7.8B for BlackRock (Q3 2026). Goldman Sachs Group is growing faster (+23% against +19% a year earlier). Goldman Sachs Group is more profitable, with an operating margin of 37.5% against 30.0%.
Where the money goes: GS and BLK
Goldman Sachs Group (GS) · Q3 2026
Goldman Sachs Group, Q3 2026: revenue $18.7B (+23% year over year), operating margin 37.5%, net earnings $5.3B, operating cash flow $4.2B. 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.
| Goldman Sachs Group (GS) | BlackRock (BLK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $18.7B | $7.8B |
| Revenue growth, Y/Y | +23% | +19% |
| Operating margin | 37.5% | 30.0% |
| Net earnings | $5.3B | $1.7B |
| Net margin | 28.3% | 21.4% |
| Operating cash flow | $4.2B | $2.7B |
| Free cash flow | $3.7B | $2.6B |
| Market value | $260.7B | $192.6B |
| P/E | 12.4× | 26.7× |
| Analysts’ mean target | $1030.67 | $1361.06 |
Where the revenue comes from
Goldman Sachs Group
- Global Banking & Markets: $13.5B (72%)
- Asset & Wealth Management: $5.1B (27%)
- Platform Solutions: $170M (1%)
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, Goldman Sachs Group or BlackRock?
Goldman Sachs Group is the larger company: $18.7B of revenue in its latest quarter (Q3 2026) against $7.8B for BlackRock (Q3 2026).
Is Goldman Sachs Group or BlackRock growing faster?
Goldman Sachs Group is growing faster (+23% against +19% a year earlier).
Which is more profitable, Goldman Sachs Group or BlackRock?
Goldman Sachs Group is more profitable, with an operating margin of 37.5% against 30.0%.
More: Goldman Sachs Group earnings · how Goldman Sachs Group makes money · BlackRock earnings · how BlackRock makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.