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BlackRock Beats Q3 Earnings and Revenue Estimates as AUM Reaches $15.49 Trillion

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BLK$1,066.12 −1.64%

BlackRock, Inc. (NYSE:BLK) delivered third-quarter financial results that surpassed Wall Street projections for both earnings and revenue. Adjusted earnings per share reached $15.93, comfortably topping average analyst expectations of $14.30. Revenue expanded 19% year-over-year to $7.75 billion, beating consensus estimates of $7.43 billion. Shares gained 3.7% in premarket trading following the announcement.

The gain in quarterly revenue was driven by favorable market conditions, organic base fee expansion, higher performance fees, and gains in technology services. Technology services and subscription revenue increased to $588 million from $515 million a year earlier, while adjusted operating margin widened to 47.8%. Total assets under management reached $15.49 trillion, supported by $175 billion in long-term net inflows during the quarter, including $135 billion into iShares products and $66 billion in active net inflows.

Despite top- and bottom-line growth, long-term net inflows fell short of the $177 billion market consensus, moderating from $199 billion in the second quarter. Total assets under management also slightly missed expectations of $15.53 trillion. Investors will monitor upcoming management commentary for updates on fee trends, expense growth, and client demand across fixed income and active product lines.

Key points

  • BlackRock reported Q3 adjusted earnings of $15.93 per share on revenue of $7.75 billion, beating Wall Street estimates for both metrics.
  • Total assets under management reached $15.49 trillion, up from $13.46 trillion in the same period last year.
  • Quarterly long-term net inflows totalled $175 billion, driven by $135 billion into iShares and $66 billion in active net inflows.
  • Technology services and subscription revenue grew to $588 million, while adjusted operating margin expanded to 47.8%.
  • Long-term net inflows of $175 billion slightly missed analyst estimates of $177 billion.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What were BlackRock Q3 earnings for 2026?

BlackRock reported Q3 adjusted earnings per share of $15.93 on revenue of $7.75 billion, both exceeding Wall Street estimates.

How much assets under management does BlackRock have?

BlackRock managed $15.49 trillion in total assets at the end of the third quarter, up from $13.46 trillion a year earlier.

Did BlackRock meet inflow expectations in Q3?

BlackRock recorded $175 billion in quarterly long-term net inflows, slightly below analyst expectations of $177 billion.