BlackRock, Inc. 8-K
PositiveEarnings
HPS-related fees, market gains and organic base fee growth lifted revenue; adjusted operating margin reached its highest in almost five years.
Filed 2026-07-15 06:33 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results. BlackRock reported $192B of quarterly net inflows and record AUM of $15.3T. Revenue growth reflected market gains, organic base fee growth, HPS-related fees, higher performance fees and technology subscriptions.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $7.08B | $5.42B | +31% |
| Operating income, GAAP | $2.46B | $1.73B | +42% |
| Operating income, non-GAAP (as adjusted) | $2.92B | $2.10B | +39% |
| Net income attributable to BlackRock, Inc., GAAP | $1.91B | $1.59B | +20% |
| Net income attributable to BlackRock, Inc., non-GAAP (as adjusted) | $2.29B | $1.88B | +22% |
| Diluted EPS, GAAP | $12.19 | $10.19 | +20% |
| Diluted EPS, non-GAAP (as adjusted) | $13.91 | $12.05 | +15% |
- 6M revenue was $13.8B vs $10.7B (+29%); GAAP operating income $5.28B vs $3.43B (+54%); net income attributable to BlackRock, Inc. $4.13B vs $3.10B (+33%); diluted EPS $26.25 vs $19.83 (+32%). As adjusted, operating income was $5.59B vs $4.13B (+35%), net income attributable to BlackRock, Inc. $4.36B vs $3.65B (+19%), and diluted EPS $26.45 vs $23.35 (+13%).
- GAAP operating margin was 34.7% (+280 bp); as-adjusted operating margin was 45.9% (+260 bp), its highest in almost five years. Average AUM was $14.9T; total net inflows were $192B, including $199B in long-term inflows. LTM organic base fee growth was 10%; Q2 growth was 8%.
- Share repurchases were $450M; weighted-average diluted shares rose 5% to 164.6M from 156.3M. BlackRock increased planned quarterly repurchases to $550M and its planned 2026 repurchases to $2B. Technology services and subscription annual contract value grew 15% Y/Y.
Guidance
No guidance in this filing.
Investor Takeaways
- Next-quarter net flows and organic base fee growth will indicate whether Q2’s inflow and fee-growth momentum continues.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3