NYSE$BLK

BlackRock Inc · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

BlackRock reported Q1 2026 total revenue of $6.7B and diluted EPS of $14.06, or $12.53 as adjusted.

Total revenue was $6.698 billion for the three months ended March 31, 2026, versus $5.276 billion a year ago. Net income attributable to BlackRock was $2.212 billion; diluted EPS was $14.06. Organic base fee growth and strong ETF flows supported the quarter.

  • Total revenue $6.7B; net income $2.2B.
  • Diluted EPS $14.06; adjusted EPS $12.53.
  • Record Q1 iShares inflows; $450M share repurchases.
  • Aladdin and tech services momentum continued.

Headline financials

Total Revenue

$6.7B

Previous: $5.28B+27.0%
EPS (adj)

$12.53

Previous: $9.64+30.0%
Capital Expenditures

-$106M

Previous: -$78M-35.9%
Net Income

$2.21B

Previous: $1.52B+46.0%
Operating Income

$2.81B

Previous: $1.7B+65.7%

Revenue & EPS history

BlackRock · Revenue · Quarterly

$6.7B

Q1 2026+27%vs Q1 2025
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

BlackRock · $4.81B total across 5 segments · Q2 2024

  • Investment Advisory
    $3.88B
  • Tech Services
    $395M
  • Distribution Fees
    $318M
  • Performance Fees
    $164M
  • Advisory & Other
    $53M

Forward guidance

Management outlook in the 10-Q covers operating priorities, capital allocation, and sector risks; numeric multi-quarter EPS bridges are limited.

Tailwinds

  • MD&A highlights strategic priorities and liquidity.
  • Segment or product trends support the core business narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.3%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+2.2%

Avg return

30 days after

60%

24 / 40 earnings

Positive

+3.5%

Q3 2022

Best reaction

-5.9%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+3.0%+2.8%+7.8%
Q1 2026+3.0%+2.8%+7.8%
Q3 2025+3.4%+0.5%-7.4%
Q2 2025-5.9%-0.7%+4.4%
Q1 2025+2.3%+0.8%+7.5%
Q4 2024+0.5%+2.6%+1.6%
Q3 2024+0.5%+0.4%+3.7%
Q2 2024+1.2%+3.1%+5.5%
Q1 2024+0.8%+2.8%+0.5%
Q4 2023+0.0%-0.5%+1.4%
Q3 2023-0.7%+1.1%+12.9%
Q2 2023+0.0%-2.5%-0.6%
Q1 2023+2.0%-0.4%+7.9%
Q4 2022-1.2%-1.6%-6.8%
Q3 2022+3.5%+5.6%+12.5%
Q2 2022-0.0%+4.2%-5.5%
Q1 2022-0.8%-5.3%+6.0%
Q4 2021+2.6%+0.9%+1.3%
Q3 2021+0.1%+0.5%-5.7%
Q2 2021+0.8%+3.5%+6.3%
Q1 2021+1.9%-0.8%+4.2%
Q4 2020-2.4%+0.6%+6.3%
Q3 2020+2.5%+1.4%+8.0%
Q2 2020+1.0%+1.4%-3.0%
Q1 2020+0.3%-2.3%+11.9%
Q4 2019-2.7%+4.1%-8.7%
Q3 2019+0.0%-0.9%+1.1%
Q2 2019+1.7%-1.2%-1.5%
Q1 2019-0.3%-4.2%-4.6%
Q4 2018+0.3%-2.1%-3.3%
Q3 2018-1.8%-4.6%-6.7%
Q2 2018-0.1%-2.5%-3.3%
Q1 2018+2.2%+3.8%+5.7%
Q4 2017-0.6%-1.4%-2.0%
Q3 2017-0.2%-1.7%+8.9%
Q2 2017+0.2%-0.9%-3.2%
Q1 2017-0.5%+0.7%+8.6%
Q4 2016-0.9%-0.2%-2.0%
Q3 2016-1.2%+3.8%+9.1%
Q2 2016-0.8%-2.2%-0.3%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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