BlackRock posted third-quarter 2026 diluted earnings per share of $10.57, up from $8.43 a year earlier, while adjusted diluted EPS rose to $15.93 from $11.55.
Revenue climbed 19% year over year to $7.752 billion from $6.509 billion. Operating income increased 19% to $2.328 billion from $1.955 billion, and net income rose 25% to $1.659 billion from $1.323 billion. The company’s GAAP operating margin held at 30.0%, unchanged from the prior-year quarter.
On an adjusted basis, operating income grew 27% to $3.330 billion from $2.621 billion. Adjusted net income increased 37% to $2.621 billion from $1.907 billion. Adjusted operating margin widened to 47.8% from 44.6%.
Assets under management reached $15.488 trillion, up 15% from $13.464 trillion a year earlier. Average AUM rose 19% to $15.460 trillion from $12.961 trillion.
Net inflows totaled $205.466 billion in the quarter, compared with $204.642 billion in the same period last year. Long-term net flows were $175 billion, down from $510 billion a year earlier, while cash management net flows rose to $31 billion from $17 billion.
By region, long-term net inflows were led by the Americas at $125 billion, versus $400 billion a year earlier. EMEA contributed $31 billion, down from $100 billion, while APAC brought in $19 billion, up from $10 billion.
By client type, retail net inflows were $23 billion, down from $57 billion. Institutional net inflows were $17 billion, up from $8 billion.
By product line, ETFs generated $135 billion of net inflows, down from $444 billion. Active products brought in $22 billion, compared with $61 billion. Core equity had $3 billion of inflows, down sharply from $120 billion. Digital assets drew $8 billion, up from $6 billion. Fixed income net inflows were $61 billion, down from $163 billion. Precision and other products added $41 billion, versus $94 billion. Institutional products recorded $17 billion of inflows, compared with $8 billion. Active institutional flows were $44 billion, down from $112 billion, while index institutional flows were negative $27 billion, compared with negative $104 billion a year earlier.
Technology services and subscription revenue increased 14% year over year, and the company said it repurchased $550 million of stock during the quarter. Following these announcements, the company's shares moved -1.64%, and are now trading at a price of $1066.12. For more information, read the company's full 8-K submission here.
