BlackRock beats Q2 estimates as assets under management, inflows, revenue, and margins improve.
Stock Earnings Results
July 15, 2026
Table of Contents
July 15, 2026
BlackRock, Inc. (NYSE: BLK) reported second-quarter 2026 results above expectations, supported by record assets under management, strong net inflows, higher revenue, margin expansion, and increased share repurchase plans.
BlackRock is a global asset manager and financial technology provider, offering investment management, ETFs, private markets strategies, fixed income products, alternatives, cash management, and Aladdin technology services.
The company reported adjusted EPS of $13.91, above estimates of $12.72, representing a 9.4% earnings surprise. Revenue came in at $7.08 billion, above estimates of $6.75 billion, with revenue growth of 30.6%.
Revenue increased 31% year-over-year to $7.08 billion.
GAAP operating income increased 42% to $2.46 billion, while adjusted operating income increased 39% to $2.92 billion.
GAAP diluted EPS increased 20% to $12.19. Adjusted diluted EPS increased 15% to $13.91.
Adjusted operating margin reached 45.9%, up from 43.3% a year earlier.
The company said revenue growth was driven by market gains, organic base fee growth, fees tied to the HPS transaction, higher performance fees, and stronger technology services and subscription revenue.
BlackRock ended the quarter with $15.3 trillion in assets under management, up 22% from a year earlier.
Total net inflows were $192 billion in the second quarter.
The company reported record first-half net inflows of $321 billion, with demand across ETFs, private markets, active fixed income, and systematic equity strategies.
Over the last 12 months, BlackRock generated $868 billion of net inflows and 10% organic base fee growth.
iShares crossed $6 trillion in AUM, roughly doubling over three years.
ETF net inflows were $178 billion in the quarter.
Active strategies generated $53 billion of net inflows, helped by systematic equity strategies and liquid alternatives.
Technology services and subscription revenue increased 13% year-over-year, supported by continued demand for Aladdin and multi-product solutions.
Technology services and subscription annual contract value increased 15% from the prior-year quarter.
BlackRock repurchased $450 million of shares during the quarter.
The company said it is increasing planned quarterly share repurchases to $550 million and raising its planned 2026 repurchases to $2 billion.
Management said the higher capital return reflects confidence in BlackRock’s growth outlook.
Investors are likely watching AUM growth, ETF inflows, active strategy flows, private markets demand, technology services revenue, adjusted operating margin, performance fees, HPS-related contribution, and the pace of share repurchases.
The earnings beat was positive, but the bigger signal was the scale of inflows across BlackRock’s platform.
BlackRock delivered a strong quarter across asset management, ETFs, private markets, and technology.
Revenue rose sharply, adjusted EPS beat estimates, AUM reached a record $15.3 trillion, and net inflows remained broad-based. The company also expanded margins and increased planned share repurchases, showing confidence in future growth.
The key question is whether BlackRock can sustain strong organic growth if market conditions become less favorable.
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