AI Earnings Predictions for BlackRock Inc. (BLK)

EX-99.1

2 blk-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

INVESTOR RELATIONS:

Caroline Rodda 212.810.3442

MEDIA RELATIONS:

Patrick Scanlan 212.810.3622

BlackRock Reports Third Quarter 2026 Diluted EPS of $10.57, or $15.93 as adjusted

New York, October 14, 2026 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three and nine months ended September 30, 2026.

$15.5 trillion in AUM following $869 billion of net inflows over the last twelve months, representing 10% organic base fee growth

$205 billion of net inflows and 11% annualized organic base fee growth in the quarter reflect broad-based strength across iShares® ETFs, systematic active equities, private markets, and cash

19% increase in revenue year-over-year reflects the positive impact of markets, organic base fee growth, higher performance fees, and higher technology services and subscription revenue

14% growth in technology services and subscription revenue year-over-year, driven by continued momentum in Aladdin® and multi-product solutions

19% increase in year-over-year GAAP operating income and 25% increase in GAAP diluted EPS impacted by a noncash change in fair value of contingent consideration associated with prior acquisitions, which has been excluded from as adjusted results

27% increase in year-over-year as adjusted operating income

38% increase in year-over-year as adjusted diluted EPS also reflects higher nonoperating income in the current quarter

$550 million of share repurchases in the current quarter

Laurence D. Fink, Chairman and CEO:

“BlackRock's results demonstrate the value of our integrated platform, as clients increasingly choose us as a partner across investing, financing, and technology. That client trust is translating into higher earnings power, with shareholders benefiting from a more than 35% increase in adjusted earnings per share year-over-year, a 47.8% adjusted operating margin, and 11% annualized organic base fee growth in the third quarter.

“BlackRock brings together issuer relationships built over decades, financing expertise, investment performance, and the technology and data that connect it all. That combination is differentiating us in every region in which we operate. It’s why BlackRock is winning mandates at the cutting edge of capital markets, from hyperscaler financings to pension outsourcings to Aladdin and Preqin partnerships.

“Clients entrusted us with $205 billion of net inflows this quarter, and $869 billion over the last year. Our results reflect the scale of BlackRock, with 12% technology ACV growth and net inflows across every asset class, client type, region, and across active and index. Our track record of strong investment performance drove $66 billion of active net inflows, led by our fixed income and systematic franchises. iShares generated $135 billion of net inflows, diversified across categories and global product lines.

“BlackRock’s ability to originate and structure at scale is leading to premier financing relationships and sourcing opportunities for our clients. We’ve raised $68 billion in private markets over the last twelve months, and our AI Infrastructure Partnership made its first deployment this quarter.

“BlackRock is in a differentiated position as both a trusted advisor and destination for global client capital. That position is powering organic growth and value for our shareholders. We’re entering our seasonally strongest fourth quarter with accelerating momentum, and a broad pipeline spanning whole portfolio, private markets, retirement, and our international platforms. Demand for capital is growing across the global economy, and BlackRock is increasingly at the center of how that capital is deployed and managed. I’m confident in the opportunities that creates for our clients and in the long-term value we can generate for our shareholders.”

FINANCIAL RESULTS

NET FLOW HIGHLIGHTS(1)

(in millions,

Q3

Q3

Q3

YTD

except per share data)

2026

2025

(in billions)

2026

2026

AUM

$

15,488,263

$

13,463,625

Long-term net flows:

$

175

$

510

% change

15

%

Average AUM

$

15,460,140

$

12,960,773

By region:

% change

19

%

Americas

$

125

$

400

Total net flows

$

205,466

$

204,642

EMEA

31

100

APAC

19

10

GAAP basis:

Revenue

$

7,752

$

6,509

By client type:

% change

19

%

Operating income

$

2,328

$

1,955

Retail:

$

23

$

57

% change

19

%

US

17

45

Operating margin

30.0

%

30.0

%

International

6

12

Net income(1)

$

1,659

$

1,323

% change

25

%

ETFs:

$

135

$

444

Diluted EPS

$

10.57

$

8.43

Active

22

61

% change

25

%

Core equity

3

120

Weighted-average

Digital assets

8

6

diluted shares

164.5

165.2

Fixed income

61

163

% change

-

%

Precision & other

41

94

As Adjusted(2):

Institutional:

$

17

$

8

Operating income

$

3,330

$

2,621

Active

44

112

% change

27

%

Index

(27

)

(104

)

Operating margin

47.8

%

44.6

%

Net income

$

2,621

$

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