Blackrock Stock Earnings Reports

Key points for investors: BlackRock reported a very strong Q2 2026 with record net inflows ($192B in Q2; $868B over the last 12 months) and AUM at a record $15.3 trillion. Revenue was $7.1B (+31% YoY), operating income ~$2.9B (+39% YoY), and EPS $13.91 (+15% YoY). Organic base fee growth was 8% in the quarter and 10% over 12 months. Operating margin expanded to 45.9% (46.5% excluding performance fees), the highest in nearly five years, and management reiterated a target of 45%+ adjusted operating margin. Management highlighted diversified, higher-quality flows across ETFs (iShares), active and precision ETFs, systematic strategies, private markets (private credit, infrastructure, PE outsourcing), and technology (Aladdin/Preqin/eFront), with tech ACV up 15% YoY. Acquisitions (HPS, GIP, Preqin) are integrating well and are cited as accelerating the firm's 2030 objectives. BlackRock is increasing planned share repurchases to at least $550M per quarter going forward and expects total shareholder returns (dividend + buybacks) of >$5.7B this year (+16% vs 2025). Strategic initiatives include tokenization/digital assets (filings for tokenized money market funds; managing stablecoin reserves) with a target to grow digital-assets-related revenue (management noted a $500M revenue ambition for digital asset efforts). Expenses rose (total +25% YoY) due to compensation, distribution, and acquisition-related costs, and the company expects a mid-single-digit G&A increase after annualizing acquisitions. Tax run rate guidance ~25% for remainder of 2026. Management emphasized structural, durable growth from integrated public/private markets and technology, while noting customary execution and market risks and that forward-looking items may differ from actual results.