Blackrockreason 04 of 4it makes it for less than anyone else canderived 2026-09-11accession 0001193125-26-337177
Operating margin of 45.9% increased 260 bps from the three months ended June 30, 2025 on an as-adjusted basis
Operating income of $5.6 billion increased $1.5 billion and operating margin of 45.2% increased 200 bps from the six months ended June 30, 2025 on an as-adjusted basis
The Company was required to maintain approximately $2.2 billion in net capital in certain regulated subsidiaries and was in compliance with all applicable regulatory net capital requirements
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedfour sentences · whole, uncut
the claims it rests on
“Operating margin of 45.9% increased 260 bps from the three months ended June 30, 2025 on an as-adjusted basis”
“Operating income of $5.6 billion increased $1.5 billion and operating margin of 45.2% increased 200 bps from the six months ended June 30, 2025 on an as-adjusted basis”
“The Company was required to maintain approximately $2.2 billion in net capital in certain regulated subsidiaries and was in compliance with all applicable regulatory net capital requirements”
what it was checked against
Q2 2026 as-adjusted operating margin
“As Adjusted. Operating income of $2.9 billion increased $817 million and operating margin of 45.9% increased 260 bps from the three months ended June 30, 2025.”