BlackRock reported second quarter 2026 revenue of $7.08 billion, a 31% year-over-year increase, and adjusted EPS of $13.91, up 15% year-over-year, both significantly exceeding analyst expectations. The results were driven by exceptionally strong asset gathering, with total net inflows of $191.7 billion pushing Assets Under Management (AUM) to a new record of $15.3 trillion.
Key Highlights
- The company saw record second quarter total net inflows of $191.7 billion, largely propelled by a staggering $177.9 billion influx into its ETF products.
- Revenue growth was broad-based, with a 13% year-over-year increase in technology services revenue complementing the growth in advisory and administration fees.
- Profitability improved significantly, as the adjusted operating margin reached 45.9%, its highest level in nearly five years.