BlackRock Reports Second Quarter 2026 Diluted EPS of $12.19, or $13.91 as adjusted
BLK revenue $7.08B
EPS miss ($12.19 vs $12.67)
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BlackRock Reports Second Quarter 2026 Diluted EPS of $12.19, or $13.91 as adjusted
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New York, July 15, 2026 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three and six months ended June 30, 2026.
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$15.3 trillion in AUM following $868 billion of net inflows over the last twelve months, reflecting 10% organic base fee growth
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Record first half net inflows of $321 billion including $192 billion in the second quarter, broad-based across the platform and driven by ETFs, private markets, active fixed income and systematic equity strategies
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31% increase in revenue year-over-year reflects the positive impact of markets, organic base fee growth, fees related to the HPS Transaction, higher performance fees, and higher technology services and subscription revenue
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13% growth in technology services and subscription revenue year-over-year , driven by continued momentum in Aladdin® and multi-product solutions
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42% increase in operating income year-over-year (39% as adjusted)
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20% increase in diluted EPS year-over-year (15% as adjusted) also reflects a lower nonoperating income and higher diluted share count in the current quarter
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$450 million of share repurchases in the current quarter
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Increasing planned quarterly share repurchases to $550 million
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“Market fundamentals are strong and well supported, with higher margins and earnings momentum catalyzed by new technology. The scale and depth of our client relationships globally have never been greater. Clients are turning to BlackRock for insights and opportunities. That’s powering record financial performance, $868 billion of net inflows, and 10% organic base fee growth over the last year. Flows in the first six months of 2026 more than doubled year-over-year, driving AUM to a record $15.3 trillion.
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“BlackRock is simultaneously a leading public markets manager, a scaled private markets platform, and a global technology company. The quality and breadth of our platform is differentiating us with clients more than ever before. It’s enabling us to earn more of their portfolios, and power durable earnings for our shareholders.
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“In the second quarter clients entrusted us with $192 billion of net inflows, generating 8% organic base fee growth – well in excess of our target. iShares crossed $6 trillion in AUM, roughly doubling in three years. Demand is building across our active franchise with $53 billion of net inflows, where our systematic strategies drove equity net inflows and a record $7 billion into liquid alternatives. Technology services and subscription ACV growth of 15% reflects continued adoption of Aladdin as transparency, data, and analytics become more and more critical to our clients and industry.
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“We’re seeing this momentum in our financial results. Our second quarter adjusted operating margin was 45.9% – the highest in almost five years. Quarterly operating income grew approximately 40% year-over-year. And our conviction in the growth ahead for BlackRock led us to increase our planned level of 2026 share repurchases to $2 billion.
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“Helping more people benefit from the long-term growth of the capital markets is the core of our strategy and our greatest source of opportunity. It's how we deliver higher, more durable organic growth. We see it in our results this quarter: 8% organic base fee growth, a nearly 46% adjusted operating margin, double-digit EPS growth, and increasing capital return. The more clients we help participate in the markets, the more our own growth builds – higher organic growth, higher earnings growth, and more value for our shareholders. Our momentum is accelerating, and I've never been more optimistic about the growth ahead."
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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.
#21ETPs
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# INVESTMENT PERFORMANCE AT June 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, July 15, 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 3230408). 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, July 15, 2026. To access the replay of the webcast, please visit the investor relations section of www.blackrock.com .