The beat and margin expansion confirm strong organic momentum across public markets, private markets, and Aladdin technology. Watch the earnings call for updates on HPS integration and forward pipeline — continued inflow acceleration could drive further multiple expansion.
Price Chart
Executive Summary
BlackRock reported a strong Q2 2026 beat, with adjusted EPS of $13.91 (9.8% above $12.67 consensus) and revenue of $7.08B (5.1% above $6.74B consensus). Record net inflows of $192B drove AUM to $15.3T, while the adjusted operating margin expanded to 45.9% — the highest in nearly five years. The company also increased its planned quarterly share repurchases to $550M, signaling management confidence.
Key Financial Metrics
Key Facts
- Q2 2026 adjusted diluted EPS $13.91 vs consensus $12.67 (beat by 9.8%)
- Revenue $7.08B vs consensus $6.74B (beat by 5.1%), up 31% YoY
- Record net inflows of $192B in Q2, $321B YTD; AUM $15.3 trillion
- Adjusted operating margin 45.9%, up 260 bps YoY
- Technology services & subscription revenue $566M, up 13% YoY; ACV growth 15%
- Share repurchases $450M in Q2; planned quarterly repurchases increased to $550M
- Dividend unchanged at $5.73 per share
Financial Impact
Revenue beat consensus by $344M; EPS beat by $1.24; operating income up 39% as adjusted
Risk Factors
- Market downturn could pressure AUM and fee revenue
- Integration risks from HPS and other acquisitions
- Competition from passive and private market rivals
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-304013 |
| Document: blk-20260715.htm | 0001193125-26-304013 |
| Document: blk-ex99_2.htm | 0001193125-26-304013 |
| Document: 0001193125-26-304013-index-headers.html | 0001193125-26-304013 |
| Document: 0001193125-26-304013-index.html | 0001193125-26-304013 |
| Document: 0001193125-26-304013.txt | 0001193125-26-304013 |
| 8-K Data (Synthetic) | 0001193125-26-304013 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 today | ANALYST-UPGRADE | $1,070.01 awaiting T+20 | awaiting T+20 | — | $1,059.63 (−0.97%) |
Aug 26, 2026 5w ago | 3 | $1,167.57 $1,073.45 | ▼ −8.06% | ▼ −7.55% | $1,059.63 (−9.24%) |
Aug 25, 2026 5w ago | Press Release | $1,173.21 $1,073.45 | ▼ −8.50% | ▼ −8.65% | $1,059.63 (−9.68%) |
Aug 19, 2026 6w ago | Press Release | $1,158.92 $1,053.96 | ▼ −9.06% | ▼ −7.11% | $1,059.63 (−8.57%) |
Aug 11, 2026 7w ago | Institutional Cluster | $1,148.84 $1,072.03 | ▼ −6.69% | ▼ −5.63% | $1,059.63 (−7.77%) |
Aug 7, 2026 8w ago | 13F-HR | $1,136.28 $1,122.29 | ▼ −1.23% | ▼ −0.83% | $1,059.63 (−6.75%) |
Jul 17, 2026 10w ago | Insider Cluster | $1,054.11 $1,143.55 | ▲ +8.48% | ▲ +4.36% | $1,059.63 (+0.52%) |
Jul 17, 2026 10w ago | Insider Cluster | $1,054.11 $1,143.55 | ▲ +8.48% | ▲ +4.36% | $1,059.63 (+0.52%) |
Jul 17, 2026 11w ago | 144 | $1,072.20 $1,172.46 | ▲ +9.35% | ▲ +4.90% | $1,059.63 (−1.17%) |
Jul 16, 2026 11w ago | 144 | $1,072.20 $1,172.46 | ▲ +9.35% | ▲ +4.90% | $1,059.63 (−1.17%) |
US Market Status
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