BlackRock (NYSE: BLK) reported a record second-quarter revenue of $7.1 billion on July 18, 2026, marking a 31% increase year-over-year. Adjusted operating income rose 39% to $2.9 billion, with earnings per share at $13.91, a 15% year-over-year increase. The firm achieved $192 billion in net inflows during the quarter, contributing to $868 billion over the past year, highlighting strong demand for exchange-traded funds (ETFs) and private market offerings.
Assets under management reached a record $15.3 trillion, boosted by over $1 trillion in growth this year. The iShares ETF platform alone saw $178 billion in net inflows in Q2 2026, with significant contributions from core equity and index bond ETFs. BlackRock’s adjusted operating margin improved to 45.9%, up 260 basis points from the previous year, bolstered by both enhanced performance fees and organic fee growth.
BlackRock’s total expenses increased by 25% year-over-year, attributed to rising compensation and operational costs tied to expanded headcount. The firm plans to return over $5.7 billion to shareholders through dividends and buybacks in 2026, with a quarterly repurchase expectation of at least $550 million moving forward.
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