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Compared to Estimates, BlackRock (BLK) Q3 Earnings: A Look at Key Metrics

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For the quarter ended September 2026, BlackRock (BLK - Free Report) reported revenue of $7.75 billion, up 19.1% over the same period last year. EPS came in at $15.93, compared to $11.55 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $7.46 billion, representing a surprise of +3.96%. The company delivered an EPS surprise of +14.03%, with the consensus EPS estimate being $13.97.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how BlackRock performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Total Assets Under Management: $15,488.26 billion compared to the $15,608.97 billion average estimate based on two analysts.
  • Net inflows - Product Type - Cash management: $30.65 billion versus the two-analyst average estimate of $7.07 billion.
  • Net inflows: $205.47 billion versus $158.18 billion estimated by two analysts on average.
  • Assets under management - Cash management: $1,101.15 billion compared to the $1,076.23 billion average estimate based on two analysts.
  • Revenue- Investment advisory, administration fees and securities lending revenue- Fixed income- ETFs: $464 million versus the two-analyst average estimate of $444.77 million. The reported number represents a year-over-year change of +18.1%.
  • Revenue- Investment advisory, administration fees and securities lending revenue- Long-Term: $5.68 billion compared to the $5.66 billion average estimate based on two analysts. The reported number represents a change of +20.2% year over year.
  • Revenue- Investment advisory, administration fees and securities lending revenue- Non-ETF index: $399 million compared to the $388.89 million average estimate based on two analysts. The reported number represents a change of +13% year over year.
  • Revenue- Investment advisory, administration fees and securities lending revenue- Digital assets, commodities and multi-asset ETFs: $164 million versus the two-analyst average estimate of $171.37 million. The reported number represents a year-over-year change of +17.1%.
  • Revenue- Investment advisory performance fees- Alternatives- Private markets: $191 million versus $687.95 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -35.9% change.
  • Revenue- Investment advisory performance fees- Alternatives- Liquid alternatives: $409 million versus $233.39 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +102.5% change.
  • Revenue- Investment advisory, administration fees and securities lending revenue- Equity- Active: $658 million compared to the $672.12 million average estimate based on two analysts. The reported number represents a change of +18.1% year over year.
  • Revenue- Investment advisory, administration fees and securities lending revenue- Fixed income- Active: $550 million compared to the $538.13 million average estimate based on two analysts. The reported number represents a change of +7.2% year over year.

View all Key Company Metrics for BlackRock here>>>

Shares of BlackRock have returned +0.7% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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