Back to top

Image: Bigstock

BlackRock's Q3 AUM Rises 15% to $15.5T: Will Inflows Boost Revenues?

Read MoreHide Full Article

Key Takeaways

  • BlackRock's Q3 2026 AUM rose 15% to $15.49 trillion, driven by robust client inflows and favorable markets.
  • BLK attracted $205 billion in Q3 net inflows, including $135 billion from ETFs.
  • BLK's revenues grew 19% to $7.75 billion, fueled by higher average AUM, organic growth and performance fees.

BlackRock (BLK - Free Report) reported assets under management (AUM) of $15.49 trillion as of Sept. 30, 2026, up 15% year over year. This was driven by robust client inflows and favorable market movements over the past year, strengthening the company's fee-generating asset base.

In the third quarter, BlackRock recorded $205 billion in total net inflows, including $175 billion in long-term inflows and $31 billion in cash management inflows. Over the trailing 12 months, net inflows totaled $869 billion, reflecting sustained client demand across investment strategies. Quarterly annualized organic base fee growth reached 11%.

Net Flows (in Billions)
 

Blackrock, Inc.
Image Source: BlackRock, Inc.

Exchange-traded funds (ETFs) remained the primary growth driver, attracting $135 billion in net inflows, including $66 billion into fixed-income ETFs and $51 billion into equity ETFs. Active strategies generated $66 billion in inflows, while institutional index products witnessed $27 billion in outflows. Retail clients contributed $23 billion.

Private markets attracted $15.3 billion in net inflows, taking segment AUM to $336 billion. This business offers additional revenue diversification, with private markets representing 11% of base fees despite accounting for only 2% of total AUM.

The expanding asset base is translating into stronger revenues. Investment advisory, administration and securities lending revenues increased 20% year over year to $6.04 billion. Total revenues climbed 19% to $7.75 billion, supported by higher average AUM, organic growth and performance fees.

Sustained inflows and greater exposure to higher-fee alternatives could support BlackRock's revenue growth in the future. However, market volatility, institutional outflows and competitive fee pressures remain important considerations. The company's diversified platform provides growth opportunities, although its contribution will depend on asset retention, market conditions and fee realization.

Earnings Dates & Expectations of BlackRock’s Peers

Blackstone Inc. (BX - Free Report) is slated to report third-quarter 2026 results on Oct. 22.

Over the past week, the Zacks Consensus Estimate for BX’s quarterly earnings has been revised lower to $1.31. The figure implies a fall of 13.8% from the prior-year quarter.

Invesco (IVZ - Free Report) is scheduled to announce third-quarter 2026 numbers on Oct. 27.

Over the past seven days, the Zacks Consensus Estimate for IVZ’s quarterly earnings has been unchanged at 75 cents. The figure implies a jump of 23% from the prior-year quarter.
 

Published in