BlackRock Q2 2026: Record $15.3T AUM, Revenue Up 31%, Diluted EPS $12.19
BLK sits 23% above its 52-week low of $917.39 on light trading volume (0.1× avg).
Summary
BlackRock reported Q2 2026 earnings with AUM reaching a record $15.3 trillion, revenue up 31% to $7.1 billion, and diluted EPS of $12.19. Net inflows totaled $192 billion, driven by ETFs and private markets.
Key Events · Earnings and Guidance · BLK
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AUM Hits Record $15.3 Trillion
Total assets under management reached $15.3 trillion at June 30, 2026, up $1.5 trillion from March 31, 2026, driven by $192 billion in net inflows and $1.3 trillion in market appreciation.
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Revenue Jumps 31% to $7.1 Billion
Q2 2026 revenue of $7.084 billion increased 31% year-over-year, with investment advisory and administration fees up 28% to $5.487 billion and performance fees more than tripling to $305 million.
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Diluted EPS of $12.19, Adjusted EPS $13.91
GAAP diluted earnings per share rose 20% to $12.19; as adjusted, diluted EPS was $13.91, reflecting strong operating leverage and a lower effective tax rate.
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Operating Margin Expands to 34.7% GAAP
GAAP operating margin improved 280 basis points to 34.7%; as adjusted operating margin reached 45.9%, driven by revenue growth and disciplined expense management.
Analysis · BLK · Finance
BlackRock delivered a standout quarter, with assets under management climbing to $15.3 trillion — a $1.5 trillion increase from March — driven by $192 billion in net inflows and strong market appreciation. Revenue surged 31% year-over-year to $7.1 billion, powered by higher base fees, performance fees, and technology services revenue. The operating margin expanded to 34.7% on a GAAP basis, and adjusted earnings per share of $13.91 beat expectations. The results underscore the firm's ability to capture flows across ETFs, active strategies, and private markets, while the pending reclassification of $2.6 billion in contingent consideration from liabilities to equity will further strengthen the balance sheet. This quarter reinforces BlackRock's position as the dominant asset gatherer in a rising market.
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At the time of this filing, BLK was trading at $1,127.49 on NYSE in the Finance sector, with a market capitalization of approximately $183.3B. The 52-week trading range was $917.39 to $1,219.94. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.