BlackRock : Q1 2026 Earnings Supplement

Published: 2026-04-14 06:04:08 ET BLK

Published on 04/14/2026 at 06:04 am EDT

Assets Under Management of $13.9 trillion at March 31, 2026 Q1 2026 Base Fees and Securities Lending Revenue of $5.4 billion

Product Type

Client Type

Style

Region

Equity 55%

Equity 48%

Retail 9%

ETFs 39%

Retail 23%

Active 25%

Active 43%

Americas 68%

Americas

66%

ETFs 44%

ETFs 39%

Fixed Income 24%

Multi-Asset 9%

Alternatives 3%

Digital Assets 0% Curr & Comm 1%

Cash 8%

Fixed Income 19%

Multi-Asset 7%

Alternatives 16%

Digital Assets 1% Curr & Comm 3%

Cash

Institutional 52%

Institutional 33%

Non-ETF

Index 28%

Cash 8%

ETFs 44%

Non-ETF

Index 7% Cash 6%

EMEA 25%

Asia-Pacific 7%

EMEA 28%

Asia-Pacific 6%

AUM Base Fees AUM Base Fees AUM Base Fees AUM Base Fees

Base fees include investment advisory, administration fees and securities lending revenue. Base fees and AUM by region data are based on client domicile.

Total BlackRock

($ in billions)

10%

11%

Retail Long-term

$13

$10

$15

10%

Long-term Cash

$221

$61

$281

$81

$74

$205

$34

$130

$84

$160 $201 $1

$83

$68

$22

$46

$268

$171

$136

$342

$82

$57

$30

$76

$51

$(19)

$(6)

2024

2025

2026

2024

2025

2026

ETFs Long-term Institutional Long-term

11%

12%

13%

(1)%

(2)%

(1)%

$181

$143

$153

$132

$97

$107

$83

$85

$67

$29 $28

$15

$(2)

$27

$25

$(13)

$22

$(14)

$16

$(12)

$24

$(35)

$(46)

$(35)

$(48)

Q1 2024

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q1 2024

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

LTM organic asset growth rate measures rolling last twelve months net flows over beginning of period assets. Beginning in the first quarter of 2025, BlackRock updated the presentation of the Company's AUM line items. In addition, beginning in the first quarter of 2025, BlackRock updated the presentation of net flows to separately disclose realizations, which represent return of capital/return on investments. Realizations have not been recast for prior periods. LTM organic base fee growth rate is calculated by dividing net new base fees earned on net asset inflows for the LTM period by the base fee run-rate at the beginning of the period. Totals may not add due to rounding.

($ in millions, except per share data)

Operating Income and Margin, as adjusted Net Income and EPS, as adjusted

42.2%

44.1%

45.8% 45.5%

$2,326

43.2% 43.3%

44.6%

$2,621

45.0%

$2,848

44.5%

$2,669

$13.16

$2,128

$1,775 $1,881

$2,032 $2,099

$12.53

$11.46

$11.93

$12.05

$11.30

$11.55

$2,176

$10.36

$2,068

$9.81

$1,874

$1,883 $1,907

$1,715

$1,770

$1,550

$1,473

Q1 2024

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q1 2024

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Operating Income, as adjusted Operating Margin, as adjusted Net Income, as adjusted EPS, as adjusted

For further information and reconciliations to GAAP, see page 10 of this Earnings Release Supplement, notes (1) through (3) to the condensed consolidated statements of income and supplemental information in the current Earnings Release, as well as previously filed Form 10-Ks, 10-Qs and 8-Ks.

(amounts in millions, except per share data)

Share repurchases and

weighted-average diluted shares

Dividends per share

(1)

165.2(2)165.4 165.0

157.0

156.6 156.3

150.1 149.7 149.6

$5.73

$5.21 $5.21 $5.21 $5.21

$5.10 $5.10 $5.10 $5.10

$500 $500

$450

$375

$375 $375 $375 $375 $375

Q1 2024

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q1 2024

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Share repurchases(3) Weighted-average diluted shares

Q4 2024 weighted-average diluted shares include the impact of 6.9 million shares issued as part of the consideration for the acquisition of Global Infrastructure Management, LLC ("GIP") in

October 2024 (the "GIP Transaction").

Q3 2025 weighted-average diluted shares include the impact of approximately 8.5 million Class B-2 common units ("Subco Units") of BlackRock Saturn Subco, LLC issued as part of the consideration for the acquisition of HPS Investment Partners ("HPS") in July 2025 (the "HPS Transaction").

Amounts exclude repurchases of employee tax withholdings related to employee stock transactions.

Disclaimer

BlackRock Inc. published this content on April 14, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 14, 2026 at 10:03 UTC.