BlackRock, Inc. (NYSE: BLK) reported record assets under management of $15.3 trillion as of June 30, 2026, the New York-based firm said on July 15. The firm recorded $868 billion of net inflows over the trailing twelve months, while market gains and acquisitions also contributed to assets under management reaching this record level.
Assets under management rose 22% from $12.5 trillion a year earlier, supported by market gains and acquisitions. Average assets under management increased 24% over the same period.
#BlackRock Posts Record First-Half Net Inflows of $321 Billion
The company recorded net inflows of $321 billion in the first six months of 2026, which it described as a record for the period. Of that total, $192 billion arrived in the second quarter.
Second-quarter inflows were led by ETFs, private markets, active fixed income and systematic equity strategies. Long-term net inflows totaled $199 billion for the quarter.
By region, the Americas accounted for $152 billion of second-quarter long-term net inflows. Clients in Europe, the Middle East and Africa added $55 billion, while Asia-Pacific recorded $8 billion of net outflows.
iShares, BlackRock's ETF platform, crossed $6 trillion in assets during the quarter, roughly doubling over three years. The active franchise drew $53 billion of net inflows, including a record $7 billion into liquid alternatives.
Quarterly organic base fee growth was 8%, which the company said exceeded its target.
#Revenue Rises 31% on Market Gains and HPS Fees
Total revenue reached $7,084 million, up 31% from $5,423 million a year earlier. The increase reflected higher markets, organic base fee growth and about $230 million of fees related to the HPS Transaction, the firm's 2025 acquisition of HPS Investment Partners.
Performance fees rose to $305 million from $94 million, an increase the company attributed largely to alternative products, including HPS.
Technology services and subscription revenue increased 13% to $566 million. Annual contract value, which the company describes as a forward-looking measure of recurring subscription fees, rose 15% from a year earlier.
Distribution fees increased 23% to $395 million. Securities lending revenue rose to $239 million from $171 million, which the company attributed to higher spreads.
"In the second quarter clients entrusted us with $192 billion of net inflows, generating 8% organic base fee growth," Laurence D. Fink, Chairman and CEO, BlackRock, said in the earnings release.
#Adjusted Operating Margin Reaches Highest in Almost Five Years
Adjusted operating income rose 39% to $2,916 million, and the adjusted operating margin was 45.9%, which the company said was its highest in almost five years. On a GAAP basis, operating income increased 42% to $2,461 million, with an operating margin of 34.7%.
Adjusted diluted earnings per share were $13.91, up 15% from $12.05. GAAP diluted earnings per share were $12.19, up 20%.
Net income attributable to BlackRock was $1,914 million on a GAAP basis, up 20% from a year earlier. Adjusted net income was $2,291 million, up 22%.
The company said the earnings-per-share comparison also reflected lower nonoperating income and a higher diluted share count in the current quarter.
BlackRock reports results across public markets, private markets and investment technology, with iShares ETFs and the Aladdin platform among its largest franchises. The quarter included fees from HPS Investment Partners, acquired in 2025, which the firm said added to both private markets and performance fee revenue.
BlackRock said its results remain subject to market volatility, changes in interest rates and foreign exchange, competition, and the integration of recent acquisitions including HPS.
BlackRock repurchased $450 million of shares during the quarter and paid a quarterly dividend of $5.73 per share. The company said it raised its planned level of 2026 share repurchases to $2 billion and increased its planned quarterly buyback to $550 million, though market conditions, regulatory scrutiny and the integration of acquired businesses remain key risks to that outlook.