FN2 Earnings Intelligence

BlackRock, Inc. earnings overview

Latest BlackRock, Inc. (BLK) earnings intelligence, including the newest scorecard, market reaction, and transcript analysis.

Next reportBlackRock, Inc. reports Thursday, Jan 21, 2027 · Before market openConsensus EPS $15.47 · consensus revenue $7.97B
BLK FY2026 Q3 · Calendar Q4 2026

BlackRock, Inc.

The quarter supports a constructive growth thesis: strong flows, accelerating organic base-fee growth, technology services, and private markets broadened BlackRock's growth base. The evidence is encouraging, but durability of fee growth and execution in newer AI-financing and private-market initiatives remain key tests.

EPS surprise+11.2%
Market move+0.7%
BLK FY2026 Q2 · Calendar Q3 2026

BlackRock, Inc.

BlackRock delivered record Q2 2026 results, with revenue rising 31% year-over-year to $7.1 billion and EPS of $13.91, beating consensus estimates on both lines. The quarter was powered by $192 billion in net inflows spanning ETFs, private markets, and digital asset strategies, while operating margin reached 45.9%, the highest in five years. Management raised the quarterly share repurchase target to at least $550 million and advanced strategic initiatives in tokenization, private-markets expansion, and technology platform integration, signaling confidence in sustained organic base-fee growth.

EPS surprise+9.6%
Market move+6.6%
BLK FY2026 Q1 · Calendar Q2 2026

BlackRock, Inc.

BlackRock's Q1 results reinforce a growth-plus-margin story for the next year: double-digit revenue and EPS expansion (EPS $12.53 vs $11.65 consensus), a record $130B in net inflows led by iShares ETFs, and acquired businesses (HPS, Preqin) now contributing materially to revenue. Management describes organic base-fee growth as durable and points to retirement and private-credit tailwinds. The main test through the balance of 2026 is whether organic momentum persists in a volatile, geopolitically unsettled environment and whether the DOL's proposed private-assets-in-401(k) rule converts a regulatory shift into product demand.

EPS surprise+7.6%
Market move+3.0%
BLK FY2025 Q2 · Calendar Q3 2025

BlackRock, Inc.

The supplied analysis supports a constructive but conditional view: BlackRock’s diversified platform, ETF flows, private-market expansion, and technology capabilities provide growth avenues, while integration costs, fee pressure, regulation, and market volatility remain material execution risks.

EPS surprise+11.8%
Market move-5.9%
BLK FY2025 Q1 · Calendar Q2 2025

BlackRock, Inc.

The supplied analysis supports a constructive but conditional view: diversified demand and platform expansion can support continued growth, while fee pressure, market conditions, regulatory approvals, and acquisition execution remain material offsets.

EPS surprise—
Market move+2.3%
BLK FY2024 Q4 · Calendar Q1 2025

BlackRock, Inc.

The supplied analysis supports a constructive but conditional view of BlackRock’s growth trajectory: record inflows, ETF demand, Aladdin expansion and private-markets additions provide support, while integration, expense, market and regulatory risks argue for monitoring execution.

EPS surprise—
Market move+5.2%
BLK FY2024 Q3 · Calendar Q4 2024

BlackRock, Inc.

The supplied analysis supports a constructive operating thesis: strong ETF, fixed-income and private-market demand, together with Aladdin and technology expansion, is improving growth breadth. The key test is whether flows and fee growth remain durable while acquisitions are integrated and expenses stay controlled.

EPS surprise+9.7%
Market move+3.6%
BLK FY2024 Q2 · Calendar Q3 2024

BlackRock, Inc.

The current analysis supports a constructive but conditional view: ETF flows, technology services, and private-market expansion provide growth support, while organic-fee-growth conversion, client outflows, transaction execution, and regulation are the main tests.

EPS surprise+4.3%
Market move-0.6%

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