BlackRock, Inc. 8-K
PositiveEarningsImpairment / charge
Market gains and organic base fee growth lifted revenue; GIP and HPS contingent-consideration expense weighed on GAAP results.
Filed 2026-10-14 06:39 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q3 and 9M 2026 results. Revenue and earnings increased as market gains, organic base fee growth, higher performance fees and technology revenue supported results; quarterly net inflows were $205B. GAAP results included a $564M noncash increase in contingent-consideration expense tied primarily to the GIP and HPS transactions, which BlackRock excludes from its adjusted results. Management said it was entering its seasonally strongest quarter with accelerating momentum.
Key Figures
| Metric | Q3 2026 | 9M 2026 |
|---|---|---|
| Revenue | $7.75B, +19% Y/Y | $21.5B, +25% Y/Y |
| Operating income | $2.33B, +19% Y/Y | $7.60B, +41% Y/Y |
| Operating income, non-GAAP (as adjusted) | $3.33B, +27% Y/Y | $8.92B, +32% Y/Y |
| Net income attributable to BlackRock, Inc. | $1.66B, +25% Y/Y | $5.79B, +31% Y/Y |
| Net income attributable to BlackRock, Inc., non-GAAP (as adjusted) | $2.62B, +37% Y/Y | $6.98B, +26% Y/Y |
| Diluted EPS | $10.57, +25% Y/Y | $36.82, +31% Y/Y |
| Diluted EPS, non-GAAP (as adjusted) | $15.93, +38% Y/Y | $42.37, +21% Y/Y |
| Total net flows | $205B, +0.4% Y/Y | $527B |
| AUM, period-end | $15.5T, +15% Y/Y | — |
- Revenue growth reflected market impact on average AUM and organic base fee growth; performance fees rose 22% Y/Y and technology services and subscription revenue rose 14% Y/Y.
- GAAP operating margin was 30.0%, unchanged Y/Y; adjusted operating margin was 47.8%, up from 44.6%, reflecting the exclusion of items including the $564M contingent-consideration fair-value expense.
- Share repurchases were $550M. Period-end shares outstanding including Subco Units were 162.2M, down from 163.2M Y/Y.
Guidance
No guidance in this filing.
Investor Takeaways
- Q4 net flows and organic base fee growth will test management’s stated accelerating momentum entering its seasonally strongest quarter.
The summary is written by an AI model reading the filing.
Model 005 · prompt 8bef31e277 · 2026-10-14 14:33:18Z