BlackRock, Inc. (BLK) Earnings Call Transcripts

BlackRock, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, BlackRock, Inc. reported record financial results, with revenue of $7.1 billion, up 31% year-over-year, and earnings per share (EPS) of $13.91, reflecting a 15% increase. The company achieved $192 billion in net inflows, contributing to a total AUM of $15.3 trillion. Management highlighted strong organic growth, with organic base fees increasing by 10% year-over-year, and announced an increase in planned share repurchases to at least $550 million per quarter, signaling confidence in future performance. Overall, the results exceeded expectations and indicate robust momentum in both public and private markets.

Reported metrics

Guidance from management

Management maintained a target of a 45% or greater adjusted operating margin and indicated confidence in achieving double-digit earnings growth moving forward. They expect to return over $5.7 billion to shareholders this year, a 16% increase over 2025.

What management said

Good morning, everyone. I'm Chris Meade, the General Counsel of BlackRock. Before we begin, I'd like to remind you that during the course of this call, we may make a number of forward-looking statements. We call your attention to the fact that BlackRock's actual results may, of course, differ from these statements. As you know, BlackRock has filed reports with the SEC, which lists some of the factors that may cause t...

Thank you, operator, and I want to thank everybody for joining us this morning and your continued interest in BlackRock. BlackRock continued to deliver record growth for the first half of 2026, representing the strongest start to our year in our history. The investments we made in our platform are showing up in our results, and I believe the best of BlackRock is still ahead. I am very confident in our ability to cont...

What analysts pressed on

Analysts expressed concerns about potential revenue sharing fee increases from distribution partners, which could affect margins. There is also apprehension regarding the sustainability of high net inflows and whether they can maintain the current growth trajectory amidst market fluctuations.

Main topics on the call

• Record Financial Performance — BlackRock achieved record revenue of $7.1 billion and EPS of $13.91, marking a 31% and 15% increase year-over-year, respectively. Management stated, "We delivered double-digit increases in revenue, operating income and e...
• Strong Net Inflows — The firm reported $192 billion in net inflows for the quarter, contributing to a total AUM of $15.3 trillion. Laurence Fink noted, "Clients have rewarded BlackRock $868 billion of net inflows in the last 12 months, drivi...
• Increased Share Repurchases — Management announced an increase in planned share repurchases to at least $550 million per quarter, up from previous guidance. This reflects confidence in the company's future growth and capital management strategy.
• Margin Expansion — Operating margin expanded to 45.9%, up 260 basis points year-over-year, reaching its highest level in nearly 5 years. Martin Small stated, "We continue to target a 45% or greater adjusted operating margin with our margin...

Read the full BlackRock, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 16 BlackRock, Inc. earnings call transcripts on record, spanning July 15, 2024 to July 15, 2026. Based on this history, BlackRock, Inc. reports quarterly. The most recent call on file is dated July 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BLK

Exchange

NYSE

Country

US

Sector

Financials

Industry

Capital Markets

Calls on record

16

First call

July 15, 2024

Most recent

July 15, 2026

Reporting cadence

quarterly