BlackRock, Inc. Q1 2026 Earnings Recap

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.