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BlackRock Beats Q3 Earnings Estimates as AI Infrastructure and Private Market Investment Drive Growth

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BLK$1,073.79 0.72%META$737.54 −3.27%

BlackRock, Inc. (BLK) delivered third-quarter revenue of $7.75 billion, a 19% increase year-over-year that topped Wall Street projections of $7.52 billion. Adjusted earnings reached $15.93 per share, surpassing expectations of $14.13. The investment manager attributed its operational performance to robust inflows across its platform, including iShares, international operations, and private market offerings.

The firm is capitalizing on expanding demand for artificial intelligence computing power and alternative assets. Over the past 12 months, BlackRock raised $68 billion in private markets, which includes $25 billion in private credit. Notable deals include a $40 billion enterprise value transaction for Align Data Center and a partnership with Meta Platforms, Inc. (META) to provide private financing for a planned $14 billion Texas data center.

Looking ahead to the fourth quarter, executive leadership expects strong activity to continue across its business segments. BlackRock repurchased $550 million of its own stock during the third quarter and plans to buy back at least an additional $550 million in the final quarter of the year. Investors will watch how the company develops standardized risk analytics and performance metrics as tech infrastructure financing expands into broader markets.

Key points

  • BlackRock generated $7.75 billion in third-quarter revenue, a 19% year-over-year increase that beat estimates of $7.52 billion.
  • Adjusted earnings for the quarter came in at $15.93 per share, topping market forecasts of $14.13 per share.
  • The company raised $68 billion in private markets over the last 12 months, including $25 billion in private credit.
  • BlackRock partnered with Meta Platforms to finance a planned $14 billion data center project in Texas.
  • Share buybacks totaled $550 million in the third quarter, with plans for at least another $550 million in repurchases in the fourth quarter.

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Questions and answers

What were BlackRock's Q3 2026 earnings results?

BlackRock reported Q3 2026 revenue of $7.75 billion, up 19% year-over-year and above estimates of $7.52 billion. Adjusted earnings reached $15.93 per share, surpassing expectations of $14.13 per share.

How is BlackRock involved in AI infrastructure investment?

BlackRock completed a $40 billion deal for Align Data Center and partnered with Meta Platforms to finance a $14 billion data center in Texas using private financing and infrastructure capabilities.

How much stock is BlackRock buying back in 2026?

BlackRock repurchased $550 million of its shares during the third quarter of 2026 and expects to buy back at least another $550 million in the fourth quarter.