OpenNashEarnings

Financial Services · NYSE: BLK

BlackRock earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 14 Jan 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

BlackRock reported third quarter 2026 diluted EPS of $10.57, or $15.93 as adjusted, with $205 billion of net inflows and $15.5 trillion in AUM.

BlackRock had a strong third quarter. Revenue rose 19% to $7,752 million, and diluted EPS was $10.57 (up 25%), or $15.93 as adjusted (up 38%). Clients added $205 billion of net inflows, which drove 11% annualized organic base fee growth, and AUM reached $15.5 trillion. The as adjusted operating margin was 47.8%. Performance fees of $630 million and technology services and subscription revenue growth of 14% added to results. Contingent consideration costs held GAAP operating margin at 30.0%.

Read the Q3 2026 summary →

Quarters

KPI history

Revenue$7.8B+19.1% y/yQ3 2026
Q4 2024: $5.7B (worked out from the annual figure)Q4 ’24$5.7BQ1 2025: $5.3BQ1 ’25$5.3BQ2 2025: $5.4BQ2 ’25$5.4BQ3 2025: $6.5BQ3 ’25$6.5BQ4 2025: $7.0B (worked out from the annual figure)Q4 ’25$7.0BQ1 2026: $6.7BQ1 ’26$6.7BQ2 2026: $7.1BQ2 ’26$7.1BQ3 2026: $7.8BQ3 ’26$7.8B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$5.7B *
Q1 2025$5.3B
Q2 2025$5.4B
Q3 2025$6.5B
Q4 2025$7.0B *
Q1 2026$6.7B
Q2 2026$7.1B
Q3 2026$7.8B
Diluted EPS (GAAP)$10.57+25.4% y/yQ3 2026
Q1 2025: $9.64Q1 ’25$9.64Q2 2025: $10.19Q2 ’25$10.19Q3 2025: $8.43Q3 ’25$8.43Q1 2026: $14.06Q1 ’26$14.06Q2 2026: $12.19Q2 ’26$12.19Q3 2026: $10.57Q3 ’26$10.57
Data
Q1 2025$9.64
Q2 2025$10.19
Q3 2025$8.43
Q1 2026$14.06
Q2 2026$12.19
Q3 2026$10.57

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin30.0%+0.0 pts y/yQ3 2026
Q4 2024: 36.6%Q4 ’2436.6%Q1 2025: 32.2%Q1 ’2532.2%Q2 2025: 31.9%Q2 ’2531.9%Q3 2025: 30.0%Q3 ’2530.0%Q4 2025: 23.7%Q4 ’2523.7%Q1 2026: 42.0%Q1 ’2642.0%Q2 2026: 34.7%Q2 ’2634.7%Q3 2026: 30.0%Q3 ’2630.0%
Data
Q4 202436.6%
Q1 202532.2%
Q2 202531.9%
Q3 202530.0%
Q4 202523.7%
Q1 202642.0%
Q2 202634.7%
Q3 202630.0%
Free cash flow$2.6B+95.0% y/yQ3 2026
Q4 2024: $2.5BQ4 ’24$2.5BQ1 2025: -$1.2BQ1 ’25-$1.2BQ2 2025: $1.3BQ2 ’25$1.3BQ3 2025: $1.3BQ3 ’25$1.3BQ4 2025: $2.1BQ4 ’25$2.1BQ1 2026: -$1.1BQ1 ’26-$1.1BQ2 2026: $1.1BQ2 ’26$1.1BQ3 2026: $2.6BQ3 ’26$2.6B
Data
Q4 2024$2.5B
Q1 2025-$1.2B
Q2 2025$1.3B
Q3 2025$1.3B
Q4 2025$2.1B
Q1 2026-$1.1B
Q2 2026$1.1B
Q3 2026$2.6B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$5.7Bd$5.3B$5.4B$6.5B$7.0Bd$6.7B$7.1B$7.8B
Operating income$2.1Bd$1.7B$1.7B$2.0B$1.7Bd$2.8B$2.5B$2.3B
Operating margin36.6%32.2%31.9%30.0%23.7%42.0%34.7%30.0%
Net income$1.7Bd$1.5B$1.6B$1.3B$1.1Bd$2.2B$1.9B$1.7B
Diluted EPS—$9.64$10.19$8.43—$14.06$12.19$10.57
Operating cash flow$2.6Bd-$1.1B$1.4Bd$1.4Bd$2.3Bd-$980.0M$1.2Bd$2.7Bd
Capital expenditure$90.0Md$78.0M$89.0Md$78.0Md$130.0Md$106.0M$109.0Md$101.0Md
Free cash flow$2.5B-$1.2B$1.3B$1.3B$2.1B-$1.1B$1.1B$2.6B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings