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Get filing alertsBlackRock reports record Q2 2026 net inflows of $192B, AUM reaches $15.3T, raises buyback to $550M
Filed July 15, 2026 · Period ending July 15, 2026 · ~1 min read
Key Changes
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Record Q2 net inflows of $192 billion ($321B first half) drove AUM to $15.3 trillion, with iShares crossing $6 trillion (doubled in three years). Organic asset growth of 11% over last twelve months.
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Q2 diluted EPS of $12.19 ($13.91 adjusted), up 20% year-over-year (15% adjusted). Revenue rose 31% to $7.1 billion; operating income up 42% (39% adjusted) to $2.5 billion with 45.9% adjusted margin.
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Increased planned quarterly share repurchases to $550 million from $450 million, implying ~$2 billion annual buyback run rate for 2026.
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Technology services revenue grew 13% year-over-year to $566 million; annual contract value up 15%, reflecting continued Aladdin adoption and multi-product solutions momentum.
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Active franchise generated $53 billion net inflows in Q2, driven by systematic equity strategies and record $7 billion into liquid alternatives, demonstrating demand beyond index products.
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Summary
BlackRock delivered a strong second quarter with record net inflows of $192 billion, bringing first-half 2026 inflows to $321 billion and total assets under management to $15.3 trillion. The inflows were broad-based across ETFs, private markets, active fixed income, and systematic equity strategies, with iShares crossing the $6 trillion milestone after doubling in three years.
Revenue grew 31% year-over-year to $7.1 billion, driven by market appreciation, organic base fee growth, fees from the HPS Transaction, higher performance fees, and technology services growth. Operating income rose 42% (39% adjusted) with the adjusted operating margin reaching 45.9%, the highest in almost five years.
Diluted earnings per share increased 20% year-over-year to $12.19 on a GAAP basis ($13.91 adjusted, up 15%). The company repurchased $450 million of shares in the quarter and announced an increase in planned quarterly repurchases to $550 million, signaling confidence in its growth trajectory and commitment to capital return. Technology services revenue grew 13% with annual contract value up 15%, reflecting continued momentum in Aladdin and multi-product solutions as clients prioritize transparency and analytics. The active franchise showed building demand with $53 billion of net inflows, including a record $7 billion into liquid alternatives, demonstrating BlackRock's diversification beyond its core index business.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
BlackRock reported Q2 2026 earnings results for the three and six months ended June 30, 2026.
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On July 15, 2026, BlackRock, Inc. (the “Company”) reported results of operations for the three and six months ended June 30, 2026.
BlackRock disclosed its financial results for the second quarter and first half of 2026. The 8-K itself provides no financial details; those are contained in the attached earnings release exhibit.
Event · Item 7.01 — Regulation FD Disclosure
BlackRock furnished supplemental materials for its Q2 2026 earnings conference call held July 15, 2026.
Show 1 minor / wording change
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On July 15, 2026, the Company will hold an investor conference call and webcast to discuss the Company’s earnings results for the three and six months ended June 30, 2026. A copy of supplemental materials used during the conference call and webcast is furnished as Exhibit 99.2 to this Form 8-K.
BlackRock disclosed that it held an investor conference call and webcast on July 15, 2026 to discuss second quarter and first half 2026 earnings results. The company furnished supplemental materials for the call as an exhibit to this 8-K filing. This is a routine quarterly earnings disclosure under Regulation FD.
Event · Exhibit 99.1
BlackRock reported Q2 2026 diluted EPS of $12.19 ($13.91 adjusted), record net inflows of $192 billion, AUM of $15.3 trillion, and increased planned quarterly share repurchases to $550 million.
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$15.3 trillion in AUM following $868 billion of net inflows over the last twelve months, reflecting 10% organic base fee growth
Record first half net inflows of $321 billion including $192 billion in the second quarter, broad-based across the platform and driven by ETFs, private markets, active fixed income and systematic equity strategies
31% increase in revenue year-over-year reflects the positive impact of markets, organic base fee growth, fees related to the HPS Transaction, higher performance fees, and higher technology services and subscription revenue ... 42% increase in operating income year-over-year (39% as adjusted)
20% increase in diluted EPS year-over-year (15% as adjusted) also reflects a lower nonoperating income and higher diluted share count in the current quarter
BlackRock reported second quarter 2026 diluted earnings per share of $12.19 on a GAAP basis, or $13.91 as adjusted, representing a 20% increase year-over-year (15% as adjusted). Assets under management reached a record $15.3 trillion, driven by $192 billion of net inflows in the quarter and $321 billion in the first half of 2026. Revenue increased 31% year-over-year to $7.084 billion, reflecting market appreciation, organic base fee growth, fees from the HPS Transaction, higher performance fees, and technology services growth. Operating income rose 42% year-over-year (39% as adjusted) to $2.461 billion, with the adjusted operating margin reaching 45.9%, the highest in almost five years.
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iShares crossed $6 trillion in AUM, roughly doubling in three years.
BlackRock's iShares ETF platform surpassed $6 trillion in assets under management, approximately $6 doubling in size over the past three years. This milestone reflects strong demand for ETFs, which generated $178 billion of net inflows in the second quarter and $310 billion in the first half of 2026, representing the largest component of BlackRock's net inflows.
Event · Exhibit 99.2
BlackRock reported Q2 2026 earnings with $15.3 trillion AUM, 31% revenue growth year-over-year, and strong organic growth across products.
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Assets Under Management of $15.3 trillion at June 30, 2026 Q2 2026 Base Fees and Securities Lending Revenue of $5.7 billion
BlackRock disclosed Q2 2026 results showing assets under management reached $15.3 trillion at quarter-end, with base fees and securities lending revenue totaling $5.7 billion for the quarter. This represents the company's quarterly performance across its diversified investment management business.
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Q2 2026 compared to Q2 2025 ... Base fees 28 % ... Securities lending revenue 40 % ... Performance fees 224 % ... Tech services & subscription revenue 13 % ... Distribution fees 23 % ... Advisory & other revenue 64 % ... Total 31 %
Total revenue grew 31% year-over-year in Q2 2026, driven by strong growth across all revenue categories. Base fees increased 28%, securities lending revenue rose 40%, and performance fees surged 224%. Technology services and subscription revenue grew 13%, distribution fees increased 23%, and advisory and other revenue jumped 64%.
Added in current filing · view on EDGAR → · paraphrased
LTM organic asset growth rate (%) ... Total BlackRock ... 11% ... LTM organic base fee growth rate (%) ... 0%
BlackRock reported 11% organic asset growth on a last-twelve-months basis, indicating strong net inflows relative to beginning-period assets. However, organic base fee growth was flat at 0% over the same period, suggesting that new assets came in at lower average fee rates than the existing base.
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Q2 2026 compared to Q2 2025 ... Employee comp. & benefits 28 % ... Sales, asset & account 26 % ... General & administration 17 % ... Total 25 %
Operating expenses on an adjusted basis increased 25% year-over-year in Q2 2026. Employee compensation and benefits rose 28%, sales and distribution expenses increased 26%, and general and administrative costs grew 17%. The expense growth rate was slightly below the 31% revenue growth rate.
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Alternatives at BlackRock($ in billions) Q2 2025 Q2 2026 Client Assets ... Fee-Paying AUM Q2 2025 Q2 2026
BlackRock provided an update on its alternatives platform, showing client assets and fee-paying AUM across categories including multi-alternatives, real estate, private equity, private credit, infrastructure, liquid alternatives, and liquid credit. The disclosure highlights the scale and composition of BlackRock's alternative investment offerings as of Q2 2026 compared to the prior year period.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 15, 2026 · How we verify