• BlackRock average return on tangible equity for 2023 was 119.8, a 24.41% decline from 2022.
• BlackRock average return on tangible equity for 2022 was 158.48, a 46.07% decline from 2021.
• BlackRock average return on tangible equity for 2021 was 293.85, a 79.17% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.