SECURITIES AND EXCHANGE COMMISSION

Transcript

1. #1prepared remarks

   BlackRock Reports Third Quarter 2026 Diluted EPS of $10.57, or $15.93 as adjusted

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   New York, October 14, 2026 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three and nine months ended September 30, 2026.

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   $15.5 trillion in AUM following $869 billion of net inflows over the last twelve months, representing 10% organic base fee growth

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   $205 billion of net inflows and 11% annualized organic base fee growth in the quarter reflect broad-based strength across iShares ® ETFs, systematic active equities, private markets, and cash

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   19% increase in revenue year-over-year reflects the positive impact of markets, organic base fee growth, higher performance fees, and higher technology services and subscription revenue

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   14% growth in technology services and subscription revenue year-over-year , driven by continued momentum in Aladdin® and multi-product solutions

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   19% increase in year-over-year GAAP operating income and 25% increase in GAAP diluted EPS impacted by a noncash change in fair value of contingent consideration associated with prior acquisitions, which has been excluded from as adjusted results

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   27% increase in year-over-year as adjusted operating income

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   38% increase in year-over-year as adjusted diluted EPS also reflects higher nonoperating income in the current quarter

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    $550 million of share repurchases in the current quarter

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    “BlackRock's results demonstrate the value of our integrated platform, as clients increasingly choose us as a partner across investing, financing, and technology. That client trust is translating into higher earnings power, with shareholders benefiting from a more than 35% increase in adjusted earnings per share year-over-year, a 47.8% adjusted operating margin, and 11% annualized organic base fee growth in the third quarter.

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    “BlackRock brings together issuer relationships built over decades, financing expertise, investment performance, and the technology and data that connect it all. That combination is differentiating us in every region in which we operate. It’s why BlackRock is winning mandates at the cutting edge of capital markets, from hyperscaler financings to pension outsourcings to Aladdin and Preqin partnerships.

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    “Clients entrusted us with $205 billion of net inflows this quarter, and $869 billion over the last year. Our results reflect the scale of BlackRock, with 12% technology ACV growth and net inflows across every asset class, client type, region, and across active and index. Our track record of strong investment performance drove $66 billion of active net inflows, led by our fixed income and systematic franchises. iShares generated $135 billion of net inflows, diversified across categories and global product lines.

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    “BlackRock’s ability to originate and structure at scale is leading to premier financing relationships and sourcing opportunities for our clients. We’ve raised $68 billion in private markets over the last twelve months, and our AI Infrastructure Partnership made its first deployment this quarter.

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    “BlackRock is in a differentiated position as both a trusted advisor and destination for global client capital. That position is powering organic growth and value for our shareholders. We’re entering our seasonally strongest fourth quarter with accelerating momentum, and a broad pipeline spanning whole portfolio, private markets, retirement, and our international platforms. Demand for capital is growing across the global economy, and BlackRock is increasingly at the center of how that capital is deployed and managed. I’m confident in the opportunities that creates for our clients and in the long-term value we can generate for our shareholders.”

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    (1) Net income represents net income attributable to BlackRock, Inc. (2) See pages 14 through 16 for the reconciliation to accounting principles generally accepted in the United States ("GAAP") and notes (1) through (3) to the condensed consolidated statements of income and supplemental information for more information on as adjusted items.

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    | (1) Totals may not add due to rounding.

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    (1) Base fees include investment advisory and administration fees.

21. #21ETPs

    ) and exchange-traded products (

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    # INVESTMENT PERFORMANCE AT September 30, 2026 (1)

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    Actively managed AUM above benchmark or peer median

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    Index AUM within or above applicable tolerance

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    Actively managed AUM above benchmark or peer median

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    Index AUM within or above applicable tolerance

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    (1) Past performance is not indicative of future results. The performance information shown is based on preliminary available data. Please refer to page 18 for performance disclosure detail.

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    TELECONFERENCE, WEBCAST AND PRESENTATION INFORMATION

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    Chairman and Chief Executive Officer, Laurence D. Fink, President, Robert S. Kapito, and Chief Financial Officer, Martin S. Small, will host a teleconference call for investors and analysts on Wednesday, October 14, 2026 at 7:30 a.m. (Eastern Time). Members of the public who are interested in participating in the teleconference should dial, from the United States, (312) 471-1353, or from outside the United States, (800) 330-6710, shortly before 7:30 a.m. and reference the BlackRock Conference Call (ID Number 6339797). A live, listen-only webcast will also be available via the investor relations section of www.blackrock.com .

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    The webcast will be available for replay by 10:30 a.m. (Eastern Time) on Wednesday, October 14, 2026. To access the replay of the webcast, please visit the investor relations section of www.blackrock.com .