Blackrock Stock Earnings Reports

BlackRock reported a very strong start to 2026 with double-digit growth in revenue, operating income and EPS. Key financials: Q1 revenue $6.7B (+27% YoY), operating income $2.7B (+31%), EPS $12.53 (+11%), and as-adjusted operating margin 44.5% (up 130 bps). Organic base fee growth was 8% in the quarter and 10% over the last 12 months. Clients awarded $130B of net inflows in Q1 (record ETF inflows of $132B), driven by strength across ETFs (particularly international and bond ETFs), active ETFs, Aperio/direct indexing (record $13B), private markets (private credit and infrastructure), and technology services (Aladdin/Preqin). Acquisitions (HPS, Preqin) contributed to revenue and expanded private markets capabilities. Technology services ACV growth remains solid and the firm reiterated a long-term target of low- to mid-teens ACV growth. Expenses rose (compensation, distribution, G&A) largely due to higher performance-based comp and the HPS/Preqin onboarding, but operating leverage lifted margins. Capital return: $450M of share repurchases in Q1 and the firm expects to repurchase at least $450M per quarter for the rest of the year (subject to conditions). Strategic/market commentary: management emphasized durable demand for whole-portfolio solutions (public + private + technology), growing retirement opportunities (DOL proposed rule enabling private assets in DC plans), continued opportunity in private credit and infrastructure, and the role of Aladdin/Preqin as a data and risk analytics advantage in private markets. Guidance/other: tax run rate projected ~25% for remainder of 2026 (Q1 ~23% including discrete items); expect continued margin expansion potential and sustainable organic growth driven by structural growers and whole-portfolio share gains.