Earnings Call
Jul 15, 2026
Q2 FY2026
EPS Estimate
12.69
EPS Actual
13.91
Post-Earnings Close
$1093.40
Earnings Reaction
+6.6%
BlackRock's second quarter of 2026 was defined by scale milestones that would have seemed implausible even a few years ago. AUM reached a record $15.3 trillion, up more than $1 trillion in the first half of 2026 alone, while net inflows of $192 billion made Q2 the firm's strongest quarter on record and contributed to a first half that more than doubled the comparable period in 2025. Revenue of $7.1 billion rose 31% year-over-year, operating income of $2.9 billion was up 39%, and EPS of $13.91 grew 15%, with all three metrics setting new quarterly records. The operating margin of 45.9% expanded 260 basis points from a year ago and reached its highest level in nearly five years, comfortably ahead of the firm's 45%-plus full-year target.
Report generated on Jul 15, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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