BlackRock, Inc. Earnings Recaps
Q1 2026
Apr 14, 2026
BlackRock delivered a strong Q1 2026 with 27% revenue growth, broad-based organic fee expansion, and record $130 billion inflows amid volatile markets. The firm’s fundamentals remain robust, with sustained momentum across key product areas.
Key takeaways
- Q1 revenue rose 27% YoY to $6.7 billion, driven by organic growth, higher AUM, and acquisitions (HPS, Preqin).
- Net inflows reached $130 billion, fueled primarily by ETF record inflows of $132 billion, with bond ETFs leading.
- Operating margin expanded 130 basis points to 44.5%, supported by market-driven revenue growth and strong fee retention.
- EPS increased 11% YoY to $12.53, reflecting operating leverage and expense management.
- Ongoing share repurchase program of at least $450 million per quarter demonstrates capital discipline amidst robust growth momentum.
Q3 2025
Oct 14, 2025
BlackRock, Inc. delivered robust financial performance in Q3 2025, with record assets under management (AUM) of $13.5 trillion and a significant increase in organic base fees, driven by strong client demand across multiple investment strategies.
Key takeaways
- Q3 revenue rose 25% year-over-year to $6.5 billion, benefiting from acquisitions and organic growth.
- Record net inflows of $205 billion during the quarter, resulting in a 10% annualized organic base fee growth.
- Operating income increased 23% year-over-year to $2.6 billion, maintaining strong profitability despite higher expenses linked to recent acquisitions.
- Performance fees grew 33% to $516 million, driven largely by contributions from the newly integrated HPS business.
- Technology services revenue surged 28%, underscoring strong demand for Aladdin technology offerings and the addition of Preqin's revenue.