We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why Is BlackRock (BLK) Up 8.8% Since Last Earnings Report?
Read MoreHide Full Article
It has been about a month since the last earnings report for BlackRock (BLK - Free Report) . Shares have added about 8.8% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is BlackRock due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
BlackRock Q2 Earnings Beat on Higher Revenues & Record AUM
BlackRock’s second-quarter 2026 adjusted earnings of $13.91 per share handily surpassed the Zacks Consensus Estimate of $12.72. The figure reflects a 15% rise from the year-ago quarter.
Results benefited from a rise in revenues. The assets under management balance witnessed robust year-over-year growth, driven by net inflows to record levels. However, higher expenses created a headwind.
Net income attributable to BlackRock (on a GAAP basis) was $1.91 billion, up 20% from the prior-year quarter.
Revenues Improve, Expenses Rise
Quarterly revenues (on a GAAP basis) were $7.08 billion, outpacing the Zacks Consensus Estimate of $6.84 billion. Revenues increased 31% year over year. The rise was driven by an increase in all revenue components.
Total expenses amounted to $4.62 billion, up 25% year over year. The increase was due to a rise in all cost components, except for the change in fair value of contingent consideration. Also, the company did not record any restructuring charge in the reported quarter.
Non-operating income (on a GAAP basis) was $258 million, down 50% from the prior-year quarter.
BlackRock’s adjusted operating income was $2.92 billion, increasing 39% from the prior-year quarter.
AUM Balance Rises
As of June 30, 2026, AUM was a record $15.34 trillion, reflecting a year-over-year rise of 22%. The company witnessed long-term net inflows of $199 billion in the reported quarter.
As of June 30, 2026, the average AUM of $14.85 trillion rose 24% year over year.
Share Repurchases
BlackRock repurchased shares worth $450 million in the reported quarter.
Outlook
The company expects annual contract value (ACV) growth in the low to mid-teens over the long term for its technology business.
Excluding the impacts of the HPS and Preqin acquisitions, management expects mid-single-digit percentage growth in full-year 2026 G&A expenses.
The company expects to repurchase at least $550 million of stock per quarter in the near term, up from prior guidance of $450 million.
The projected tax run rate is 25% for the remainder of 2026.
How Have Estimates Been Moving Since Then?
Since the earnings release, investors have witnessed a upward trend in fresh estimates.
VGM Scores
At this time, BlackRock has a poor Growth Score of F, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a grade of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise BlackRock has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
View the Zacks #1 Rank List
Image: Bigstock
Why Is BlackRock (BLK) Up 8.8% Since Last Earnings Report?
It has been about a month since the last earnings report for BlackRock (BLK - Free Report) . Shares have added about 8.8% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is BlackRock due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
BlackRock Q2 Earnings Beat on Higher Revenues & Record AUM
BlackRock’s second-quarter 2026 adjusted earnings of $13.91 per share handily surpassed the Zacks Consensus Estimate of $12.72. The figure reflects a 15% rise from the year-ago quarter.
Results benefited from a rise in revenues. The assets under management balance witnessed robust year-over-year growth, driven by net inflows to record levels. However, higher expenses created a headwind.
Net income attributable to BlackRock (on a GAAP basis) was $1.91 billion, up 20% from the prior-year quarter.
Revenues Improve, Expenses Rise
Quarterly revenues (on a GAAP basis) were $7.08 billion, outpacing the Zacks Consensus Estimate of $6.84 billion. Revenues increased 31% year over year. The rise was driven by an increase in all revenue components.
Total expenses amounted to $4.62 billion, up 25% year over year. The increase was due to a rise in all cost components, except for the change in fair value of contingent consideration. Also, the company did not record any restructuring charge in the reported quarter.
Non-operating income (on a GAAP basis) was $258 million, down 50% from the prior-year quarter.
BlackRock’s adjusted operating income was $2.92 billion, increasing 39% from the prior-year quarter.
AUM Balance Rises
As of June 30, 2026, AUM was a record $15.34 trillion, reflecting a year-over-year rise of 22%. The company witnessed long-term net inflows of $199 billion in the reported quarter.
As of June 30, 2026, the average AUM of $14.85 trillion rose 24% year over year.
Share Repurchases
BlackRock repurchased shares worth $450 million in the reported quarter.
Outlook
The company expects annual contract value (ACV) growth in the low to mid-teens over the long term for its technology business.
Excluding the impacts of the HPS and Preqin acquisitions, management expects mid-single-digit percentage growth in full-year 2026 G&A expenses.
The company expects to repurchase at least $550 million of stock per quarter in the near term, up from prior guidance of $450 million.
The projected tax run rate is 25% for the remainder of 2026.
How Have Estimates Been Moving Since Then?
Since the earnings release, investors have witnessed a upward trend in fresh estimates.
VGM Scores
At this time, BlackRock has a poor Growth Score of F, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a grade of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise BlackRock has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.