BlackRock Reports Q3 2026 Results: AUM Surges to $15.5T with Adjusted EPS of $15.93

Executive Summary

On October 14, 2026, BlackRock, Inc. filed a Form 8-K furnishing its financial results for the three and nine months ended September 30, 2026 (Item 2.02) and related investor conference call presentation materials (Item 7.01).

Key Financial Highlights

• Assets Under Management (AUM): Reached a record $15.49 trillion, representing a 15% increase compared to $13.46 trillion at Q3 2025.
• Net Flows:
  • Total net inflows of $205 billion in Q3 2026, with long-term net inflows of $175 billion.
  • Twelve-month net inflows totaled $869 billion, achieving 10% organic base fee growth.
  • Active net inflows stood at $66 billion, while iShares ETFs drove $135 billion.
• Earnings Per Share (EPS):
  • GAAP Diluted EPS: $10.57, up 25% year-over-year.
  • As-Adjusted Diluted EPS: $15.93, up 38% year-over-year.
  • Adjusted results exclude the non-cash change in fair value of contingent consideration linked to prior acquisitions.
• Revenue & Operating Performance:
  • Total revenue rose 19% year-over-year, supported by positive market performance, organic base fee expansion, and higher performance fees.
  • Technology services and subscription revenue grew 14% YoY, underpinned by Aladdin momentum.
  • As-adjusted operating income grew 27% YoY, achieving an adjusted operating margin of 47.8%.
• Capital Return: The firm repurchased $550 million worth of common shares in Q3 2026.

Strategic Highlights

• The firm noted initial deployments from its AI Infrastructure Partnership during the quarter.
• Continued origination scale within private markets, raising $68 billion over the trailing twelve months.