NYSE$BLK

BlackRock Inc · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

BlackRock reported Q2 2026 diluted EPS of $12.19 ($13.91 as adjusted) with record net inflows and AUM growth.

BlackRock achieved $192 billion in Q2 net inflows, driving AUM to a record $15.3 trillion. Revenue rose 31% year-over-year to $7.1 billion, supported by market gains, organic growth, and higher performance and technology fees. Operating income increased 42% to $2.5 billion, with adjusted operating margin reaching 45.9%.

  • Q2 net inflows of $192 billion drove AUM to $15.3 trillion, with $868 billion over the trailing twelve months.
  • Revenue grew 31% YoY to $7.1 billion, including $305 million performance fees and 13% growth in technology services revenue.
  • Diluted EPS rose 20% YoY to $12.19 ($13.91 adjusted), with operating income up 42% to $2.5 billion.
  • Company increased planned 2026 share repurchases to $2 billion and reported 8% organic base fee growth.

Headline financials

Total Revenue

$7.08B

Previous: $5.42B+30.6%
EPS (adj)

$13.91

Previous: $10.19+36.5%
Assets under management

$15.3T

Previous: $12.5T+22.5%
Adjusted operating margin

45.9%

Previous: 43.3%+6.0%
Quarterly dividend per share

$5.73

Previous: $5.21+10.0%
Share repurchases

$450M

Previous: $375M+20.0%
Q2 net inflows

$192B

Previous: $67.7B+183.4%
Net Income

$1.91B

Previous: $1.59B+20.2%
Operating Income

$2.46B

Previous: $1.73B+42.2%

Revenue & EPS history

BlackRock · Revenue · Quarterly

$7.08B

Q2 2026+30.6%vs Q2 2025
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

BlackRock · $6.85B total across 5 segments · Q2 2026

  • Investment advisory and admin fees
    $5.49B
  • Technology services and subscriptions
    $566M
  • Distribution fees
    $395M
  • Performance fees
    $305M
  • Advisory and other revenue
    $92M

Forward guidance

BlackRock increased planned 2026 share repurchases to $2 billion, citing strong momentum in organic growth, Aladdin adoption, and client demand across ETFs, private markets, and active strategies.

Tailwinds

  • Record AUM and inflows position the firm for continued base fee growth.
  • Adjusted operating margin at highest level in nearly five years.
  • 15% ACV growth in technology services signals sustained Aladdin momentum.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+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
Q2 2026
Q1 2026+3.0%+2.8%+7.8%
Q4 2025+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro