EarningsQ2 2026 Earnings Report
MX:BLK Q2 2026 EPS Results
Actual EPS$237.26
Consensus EPS$216.47
Beat/MissBeat by +$20.79
One Year Ago EPS$205.53
MX:BLK Q2 2026 Revenue Results
Actual Revenue$125.96B
Expected Revenue$114.75B
Beat/MissBeat by +$11.22B
YoY Revenue Growth+22.39%
Earnings Announcement Details
QuarterQ2 2026
Date07/15/2026
TimeBefore Open
Conference CallWednesday, July 15, 2026
MX:BLK Upcoming Earnings
BlackRock's next earnings date is estimated for October 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BLK Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call presents a strongly positive operational and financial picture: record inflows, double-digit growth in key financial metrics (revenue +31%, operating income +39%, EPS +15%), significant margin expansion (+260 bps), robust private markets and ETF momentum, and accelerating technology and digital-asset initiatives. Headwinds are present but largely manageable and tied to deliberate expansion (acquisitions, higher compensation, integration costs), some product/channel-specific outflows (institutional index and cash), and market/regulatory volatility in digital assets and segments of private credit. Management highlights sustainability of organic base fee growth and increased share repurchases, supporting confidence in continued positive trajectory.Company Guidance
Record Net Inflows and AUM Growth
Total net inflows of $192 billion in Q2 2026 and $868 billion over the last 12 months; AUM reached a record $15.3 trillion and BlackRock reported a $1 trillion increase in AUM year-to-date 2026.
Strong Revenue, Operating Income and EPS Growth
Second-quarter revenue of $7.1 billion, up 31% year-over-year; operating income of $2.9 billion, up 39% YoY; diluted EPS $13.91, up 15% YoY—all three reaching new quarterly records.
Margin Expansion
Adjusted operating margin of 45.9% in Q2, expanding 260 basis points year-over-year; margin excluding performance fees and related compensation was 46.5%, up 260 basis points YoY.
Sustained Organic Base Fee Growth
Organic base fee growth of 8% in Q2 and 10% over the last 12 months; management highlights two full years of above-target organic base fee growth and eight consecutive quarters at or above target.
Record ETF and iShares Flows
iShares and ETF strength: $178 billion of net inflows in Q2 (core equity ETFs $85 billion, index bond ETFs $61 billion, active ETFs $20 billion, Precision $15 billion); iShares delivering double-digit organic base fee growth and 12% organic base fee growth year-to-date.
Private Markets Momentum
Private markets net inflows of $15 billion in Q2 (including ~$6 billion in private credit and ~$5 billion in infrastructure/fundraising/deployments); management reports GIP, HPS and Preqin performing ahead of plan and accelerating fundraising and deployment efforts.
Technology and Subscription Growth
Technology services and subscription revenue up 13% YoY; annual contract value (ACV) increased 15% YoY with a long-term target of low to mid-teens ACV growth; Aladdin/Preqin pipeline described as strong.
Capital Return and Share Repurchase Increase
Repurchased $450 million of shares in Q2 and raised quarterly repurchase intent to at least $550 million per quarter going forward; expect to return over $5.7 billion to shareholders this year, a 16% increase over 2025.
Digital Assets and Tokenization Progress
About $110 billion AUM connected to digital assets; managing $60 billion of stablecoin reserves for Circle (~1/4 of stablecoin market); filed SEC registration statements for tokenized money market funds as a step toward tokenizing long-term products.
Scale and Platform Wins (Systematic, Aperio, SpiderRock)
Systematic AUM doubled to $400 billion with $20 billion net inflows in the quarter; Aperio had $7 billion net inflows in Q2 and ~ $20 billion YTD 2026 flows (AUM near $200 billion, up 4x since acquisition); SpiderRock AUM nearly tripled to $13 billion since acquisition.
MX:BLK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed