Inferra AI / Company / BLK
BlackRock
BLK · Financials
Last earnings Oct 14, 2026
Key results
EPSquarter
$12.19
htm EX-99.1 EX-99.1 Exhibit 99.1 INVESTOR RELATIONS: Caroline Rodda 212.810.3442 MEDIA RELATIONS: Patrick Scanlan 212.810.3622 BlackRock Reports Second Quarter 2026 Diluted EPS of $12.19, or $13.91 as adjusted New York, July 15, 2026 – BlackRock, Inc.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
Adjusted operating marginquarter
45.9%
Our second quarter adjusted operating margin was 45.9% – the highest in almost five years.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
Quarterly operating incomequarter
40%
Quarterly operating income grew approximately 40% year-over-year.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
We see it in our results this quarter: 8% organic base fee growth, a nearly 46% adjusted operating margin, double-digit EPS growth, and increasing capital return.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
Revenuequarter
$239 million
Securities lending revenue of $239 million increased from $171 million in the second quarter of 2025, primarily reflecting higher spreads.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
Securities lending revenue of $239 million increased from $179 million in the first quarter of 2026, primarily reflecting higher spreads.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
• Technology services and subscription revenue increased $67 million from the second quarter of 2025 and $36 million from the first quarter of 2026, reflecting the sustained demand for Aladdin and multi-product solutions.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
Securities Lending revenuequarter
$5.7 billion
Securities Lending Revenue of $5.7 billion
SEC original ↗BlackRock — Presentation / slide deck (8-K exhibit)EX-99Jul 15, 2026
AI analysis
Q2 2026 · reported Jul 15, 2026
Based on: Earnings release + Q2 2026 deck + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2026 | Prior qtr | Year ago |
|---|---|---|---|
| EPS | $12.19 | — | — |
| Adjusted operating margin | 45.9% | — | — |
| Quarterly operating income | 40% | — | — |
| Revenue | $239 million | — | — |
| Securities Lending revenue | $5.7 billion | — | — |
Guidance · company-stated
No guidance located in the held release
Margin
Capital allocation
And our conviction in the growth ahead for BlackRock led us to increase our planned level of 2026 share repurchases to $2 billion.
common stockholders Basic $ 26.58 $ 20.03 $ 6.55 Diluted $ 26.25 $ 19.83 $ 6.42 Cash dividends declared and paid per share $ 11.46 $ 10.42 $ 1.04 Supplemental information: AUM (end of period) $ 15,344,624 $ 12,527,590 $ 2,817,034 Shares outstanding including Subco Units 162.6 154.8 7.9 GAAP: Operating margin 38.3 % 32.0 % 630 bps Effective tax rate 21.6 % 21.2 % 40 bps As adjusted: Operating income (1) $ 5,585 $ 4,131 $ 1,454 Operating margin (1) 45.2 % 43.2 % 200 bps Nonoperating income (expense), less net income (loss) attributable to NCI - CIPs (2) $ 167 $ 479 $ (312 ) Net income attributable to BlackRock, Inc.
Event summary
Fink, Chairman and CEO: “Market fundamentals are strong and well supported, with higher margins and earnings momentum catalyzed by new technology
Based on: Earnings release + Q2 2026 deck + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
And our conviction in the growth ahead for BlackRock led us to increase our planned level of 2026 share repurchases to $2 billion.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
common stockholders Basic $ 26.58 $ 20.03 $ 6.55 Diluted $ 26.25 $ 19.83 $ 6.42 Cash dividends declared and paid per share $ 11.46 $ 10.42 $ 1.04 Supplemental information: AUM (end of period) $ 15,344,624 $ 12,527,590 $ 2,817,034 Shares outstanding including Subco Units 162.6 154.8 7.9 GAAP: Operating margin 38.3 % 32.0 % 630 bps Effective tax rate 21.6 % 21.2 % 40 bps As adjusted: Operating income (1) $ 5,585 $ 4,131 $ 1,454 Operating margin (1) 45.2 % 43.2 % 200 bps Nonoperating income (expense), less net income (loss) attributable to NCI - CIPs (2) $ 167 $ 479 $ (312 ) Net income attributable to BlackRock, Inc.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
(3) Amounts exclude repurchases of employee tax withholdings related to employee stock transactions.
SEC original ↗BlackRock — Presentation / slide deck (8-K exhibit)EX-99Jul 15, 2026
Share repurchases and weighted-average diluted shares Share repurchases(3) Weighted-average diluted shares 4 Dividends per share Major market indices and exchange rates Source: Bloomberg (1) Revenue weighted composite index is calculated by BlackRock to approximate the impact of market fluctuations on BlackRock’s equity base fees.
SEC original ↗BlackRock — Presentation / slide deck (8-K exhibit)EX-99Jul 15, 2026
Private Credit: Primarily represents direct lending, opportunistic and venture debt strategies.
SEC original ↗BlackRock — Presentation / slide deck (8-K exhibit)EX-99Jul 15, 2026
It does not include private credit assets across infrastructure and real estate debt, as well as assets in private placements and multi-strategy credit funds, which are reported within fixed income and multi-asset AUM.
SEC original ↗BlackRock — Presentation / slide deck (8-K exhibit)EX-99Jul 15, 2026
Strategy & priorities
Demand is building across our active franchise with $53 billion of net inflows, where our systematic strategies drove equity net inflows and a record $7 billion into liquid alternatives.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
“Helping more people benefit from the long-term growth of the capital markets is the core of our strategy and our greatest source of opportunity.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
(3) Amounts primarily include net gains (losses) related to credit funds, direct hedge fund strategies and hedge fund solutions.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
In the second quarter of 2025, the Company recorded a restructuring charge, comprised of severance and compensation expense for accelerated vesting of previously granted deferred compensation awards, in connection with an initiative to modify BlackRock's organization to fit more closely with strategic priorities.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
16 FORWARD-LOOKING STATEMENTS This earnings release, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock’s future financial or business performance, strategies or expectations.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
Risks & headwinds
BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time and may contain information that is not purely historical in nature.
SEC original ↗BlackRock — Earnings release (8-K exhibit)EX-99Jul 15, 2026
Legal Proceedings 73 Item 1A.
SEC original ↗BlackRock — 10-Q Quarterly report10-QAug 6, 2026
Earnings deck slides
4 decks with slide viewCompetitors
Competitors & peers
Named in the company’s own filings
Filings
13 documentsEarnings releases
9 documentsPresentations
4 documents
Transcripts
0 documentsNo transcripts for BlackRock are held in this edition of the library.
Mentioned by
15 companiesOther tracked companies whose held documents mention BlackRock by name or ticker. A mention is counted once per document, from the document text the library holds.
“ly manage the development and use of artificial intelligence; (12) attempts to circumvent BlackRock’s operational control environment or the potential for human… … Weighted-average common shares outstanding ”
“r cost of capital through the refinancing of our term loan with our longstanding partner, BlackRock Capital Investment Advisors, LLC. Effective… …tax expense, depreciation and amortization, share-based compensation, warrant compensation expense, rest”
“ition of Preqin Forward looking statements This presentation, and other statements that BlackRock may make,… …forecasts. Synergies, accretion / dilution analysis and IRR shown for illustrative purposes only. Earnings per share and operating margin ”
“ly manage the development and use of artificial intelligence; (13) attempts to circumvent BlackRock’s operational control environment or the potential for human… …16% IRR, well in excess of cost of capital3 • BlackRock plans to maintain existing shar”
“ly manage the development and use of artificial intelligence; (13) attempts to circumvent BlackRock’s operational control environment or the potential for human… …annual return on our buyback program since implementation in 20132 15%+ CAGR for divid”
“…general that, on October 15, 2026, it received a notice from BlackRock, Inc. ("BlackRock") regarding the acquisition of a significant equity interest in the Company. BlackRock has reached an aggregate position equivalent…”
“ly manage the development and use of artificial intelligence; (12) attempts to circumvent BlackRock’s operational control environment or the potential for human… … Weighted-average common shares outstanding ”
“ly manage the development and use of artificial intelligence; (12) attempts to circumvent BlackRock’s operational control environment or the potential for human… …repurchases and weighted-average diluted shares Share repurchases(3) Weighted-average d”
“arson, Anderson & Stowe (“WCAS”) through an acquisition of WCAS’s current equity stake by BlackRock. • CenterWell Senior Primary Care will continue to manage… …regulatory approval, and is not expected to have a material impact on Humana’s 2026 adjust”
“ly manage the development and use of artificial intelligence; (12) attempts to circumvent BlackRock’s operational control environment or the potential for human… … Weighted-average common shares outstanding ”
“ly manage the development and use of artificial intelligence; (12) attempts to circumvent BlackRock’s operational control environment or the potential for human… …repurchases and weighted-average diluted shares Share repurchases(3) Weighted-average d”
“ly manage the development and use of artificial intelligence; (12) attempts to circumvent BlackRock’s operational control environment or the potential for human… … Weighted-average common shares outstanding ”
“ly manage the development and use of artificial intelligence; (12) attempts to circumvent BlackRock’s operational control environment or the potential for human… …repurchases and weighted-average diluted shares Share repurchases(3) Weighted-average d”
“bring private market investments to an ever-wider audience. Notable announcements include BlackRock’s acquisitions of Global Infrastructure Partners and Preqin, Capital Group’s collaboration with KKR to make hybrid-public… …third quarter of 2024, rev”
“ Compensation Ratio 71.4 % 62.9 % 70.8 %… …Global Infrastructure Partners on its sale to BlackRock for $12.5 billion and Chesapeake Energy on its merger with Southwestern Energy for $7.4 billion g Our market-leading Private Capital Advisory and ”
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