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BlackRock (BLK)
NYSE:BLK
Earnings Data
Report Date
Apr 10, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
12.35Last Year’s EPS
11.3Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong, broad-based growth across net inflows ($698B), revenue (+19% YoY to $24B), organic base fee growth (9% FY, 12% in Q4), record iShares flows ($527B) and technology/ACV expansion, supported by strategic acquisitions (GIP, HPS, Preqin) and meaningful shareholder returns (record $5B returned, 10% dividend increase, $1.8B repurchase plan). Headline weaknesses included institutional index outflows ($119B), higher expenses (+19%) and a modest reported margin compression driven by performance fees and related compensation, plus a $106M mark-to-market loss on Circle and some private credit/BDC flow volatility. Overall, positive momentum and durable platform strength outweigh the cited challenges.Company Guidance
Record Net Inflows
Full year 2025 net inflows of $698 billion (nearly $700 billion), including $342 billion in Q4; nearly $2.5 trillion of net inflows over the last 5 years.
Strong Revenue and Profit Growth
Full year revenue $24.0 billion, up 19% year-over-year; operating income $9.6 billion, up 18%; EPS $48.09, up 10% (Q4 EPS $13.16, up 10%).
Robust Organic Base Fee Growth
Full year organic base fee growth 9%; BlackRock delivered 6%+ organic base fee growth in each quarter of 2025 and finished the year with 12% organic base fee growth in Q4.
iShares Record Flows and Growth
iShares net inflows of $527 billion in 2025 (record); 12% organic asset growth and 13% organic base fee growth for iShares; active ETFs drove >$50 billion in net inflows and DYNF led industry active ETF inflows with $14 billion.
AUM Milestone and Base Fee Run Rate Expansion
AUM reached a new high at $14 trillion; base fees run rate entering 2026 approximately 35% higher than 2024 and ~50% higher than 2023; base fees approaching $21 billion (13% higher than 2025).
Technology, Data and ACV Growth
Full quarter and full year technology services and subscription revenue each increased 24% YoY; ACV increased 31% YoY including Preqin and 16% organically; technology ACV growth (organic) cited at 16%.
Private Markets and Alternatives Momentum
Scaled private markets platform delivered $40 billion of full year net inflows led by private credit and infrastructure; BlackRock now manages >$675 billion in alternatives client assets and targets $400 billion gross private markets fundraising through 2030.
Shareholder Returns and Capital Actions
Returned a record $5.0 billion to shareholders in 2025 (dividends + repurchases); Board approved 10% increase to Q1 2026 dividend per share and raised planned share repurchases to $1.8 billion for 2026 plus authorization to repurchase an additional 7 million shares.
Margin Expansion on Recurring Fee Earnings
Reported as-adjusted operating margin of 45% in Q4 and 44.1% for full year; excluding performance fees and related compensation, Q4 adjusted operating margin would have been 45.5% (up 30 bps YoY) and full year would have been 44.9% (up 60 bps YoY), indicating underlying operating leverage.
BLK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BLK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 15, 2026 | $1091.85 | $1156.65 | +5.93% |
Oct 14, 2025 | $1149.52 | $1188.48 | +3.39% |
Jul 15, 2025 | $1100.88 | $1036.20 | -5.88% |
Apr 11, 2025 | $846.12 | $865.83 | +2.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does BlackRock (BLK) report earnings?
BlackRock (BLK) is schdueled to report earning on Apr 10, 2026, Before Open (Confirmed).
What is BlackRock (BLK) earnings time?
BlackRock (BLK) earnings time is at Apr 10, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLK EPS forecast?
BLK EPS forecast for the fiscal quarter 2026 (Q1) is 12.35.
