BlackRock (IT:1BLK)
:1BLK
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Earnings Data
Report Date
Jul 21, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
10.68Last Year’s EPS
10.23Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong operating metrics — double-digit revenue and operating income growth, margin expansion, robust organic base fee growth (8% Q1, 10% LTM), and record ETF inflows ($132B) — supported by successful acquisitions (HPS, Preqin) and technology services growth. Notable challenges include sizeable institutional index outflows ($35B), cash management redemptions, higher expenses tied to acquisitions and incentives, market volatility and geopolitical uncertainty, and potential moderation in some private-credit retail channels. On balance, the positive growth, broad-based inflows, margin expansion, and strategic private markets and technology momentum materially outweigh the noted headwinds.Company Guidance
Strong Top-Line and Profit Growth
First-quarter revenue of $6.7 billion, up 27% year-over-year; operating income of $2.7 billion, up 31% year-over-year; as-adjusted EPS of $12.53, up 11% year-over-year.
Margin Expansion and Operating Leverage
First-quarter as-adjusted operating margin expanded 130 basis points to 44.5%; adjusted margin excluding performance fees would have been 45.6%, up 180 basis points year-over-year; management reiterates ability to target 45%+ adjusted operating margin.
Strong Organic Fee Growth
Organic base fee growth of 8% in the quarter and 10% over the last twelve months; seven consecutive quarters at or above 5% organic base fee growth.
Robust Net Inflows and ETF Leadership
Total net inflows of $130 billion in Q1; record first-quarter iShares ETF net inflows of $132 billion (led by $41 billion into index bond ETFs and strong flows into precision/core/active ETFs); ETF net base fees doubled versus prior year for iShares.
Private Markets and Alternatives Momentum
Private markets net inflows of $9 billion (led by private credit and infrastructure); strong fundraising and deployment momentum for GIP and HPS (GIP V closed above $25 billion target); HPS contributed ~ $230 million of base fees and $121 million of performance fees in Q1.
Technology Services and Data Strength
Technology services and subscription revenue up 22% year-over-year; Preqin added approximately $65 million of revenue to Q1; annual contract value (ACV) growth described as mid-teens target long-term and tech services ACV grew 14% (management commentary).
Wealth Channel and Direct Indexing Traction
Retail net inflows of $15 billion driven by record Aperio direct indexing with $13 billion of net inflows (Aperio AUM more than tripled since acquisition) and Spider Rock adding over $1 billion; nine consecutive quarters of retail net inflows.
Capital Returns and Balance Sheet Actions
Share repurchases of $450 million in Q1 and plan to repurchase at least $450 million per quarter for the balance of the year (subject to conditions); generated $66 million of net investment gains in Q1 (equity method and minority investment valuation gains).
IT:1BLK 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
IT:1BLK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 14, 2026 | €855.40 | €907.40 | +6.08% |
Jan 15, 2026 | €925.13 | €981.92 | +6.14% |
Oct 14, 2025 | €989.67 | €991.85 | +0.22% |
Jul 15, 2025 | €933.56 | €891.80 | -4.47% |
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 (IT:1BLK) report earnings?
BlackRock (IT:1BLK) is schdueled to report earning on Jul 21, 2026, Before Open (Confirmed).
What is BlackRock (IT:1BLK) earnings time?
BlackRock (IT:1BLK) earnings time is at Jul 21, 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 the P/E ratio of BlackRock stock?
The P/E ratio of BlackRock is N/A.
What is IT:1BLK EPS forecast?
IT:1BLK EPS forecast for the fiscal quarter 2026 (Q2) is 10.68.
