Q2 2026 Earnings Beat Across All Metrics

BLACKROCK $BLK Q2’26 EARNINGS HIGHLIGHTS 🔹 Adjusted EPS: $13.91 (Est. $12.57) 🟢; +15% YoY 🔹 Revenue: $7.08B (Est. $6.72B) 🟢; +31% YoY 🔹 AUM: $15.34T(Est. $15.27B) 🟢; +22% YoY 🔹 Total Net Inflows: $191.7B Net Flow Highlights: 🔹 ETF inflows: $177.9B 🔹 Active strategy inflows: $53.3B 🔹 Fixed-income inflows: $92.1B 🔹 Equity inflows: $71.6B 🔹 Alternatives inflows: $22.0B 🔹 Private markets inflows: $15.4B 🔹 Cash management outflows: $7.4B AUM Breakdown: 🔹 Equity: $8.89T 🔹 Fixed Income: $3.39T 🔹 Multi-Asset: $1.35T 🔹 Alternatives: $449B 🔹 Private Markets: $329B 🔹 Cash Management: $1.07T 🔹 iShares AUM: $6.25T Revenue Breakdown: 🔹 Base Fees and Securities Lending Revenue: $5.73B; +29% YoY 🔹 Performance Fees: $305M; +224% YoY 🔹 Technology Services and Subscription Revenue: $566M; +13% YoY 🔹 Technology Services ACV: +15% YoY 🔹 Distribution Fees: $395M; +23% YoY Growth Metrics: 🔹 Q2 Organic Base Fee Growth: 8% 🔹 Trailing 12-Month Organic Base Fee Growth: 10% 🔹 Trailing 12-Month Net Inflows: $868B 🔹 Record H1 Net Inflows: $321B 🔹 HPS transaction contributed approximately $230M to Q2 base fees Capital Return: 🔹 Q2 Share Repurchases: $450M 🔹 Planned Quarterly Repurchases Increased to: $550M 🔹 Planned FY26 Share Repurchases Increased to: $2B 🔹 Dividend Paid: $5.73 per share Financials: 🔹 Long-Term Net Inflows: $199.1B 🔹 Adjusted Net Income: $2.29B; +22% YoY 🔹 Adjusted Operating Income: $2.92B; +39% YoY 🔹 Adjusted Operating Margin: 45.9%; +260 bps YoY Commentary: 🔸 “iShares crossed $6 trillion in AUM, roughly doubling in three years.” 🔸 BlackRock said clients are increasingly turning to the company across public markets, private markets and technology. 🔸 CEO Larry Fink said BlackRock’s momentum is accelerating, driven by record inflows, higher organic growth and expanding margins.