Revenue Growth Driven by Asset Management Scale
Total revenue rose 27.0% YoY from $5.28B to $6.70B in Q1 2026, reflecting BlackRock's expanding AUM base and fee-generating capabilities across its investment management platform.
BlackRock, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: BlackRock delivered a standout Q1 2026, with revenue surging 27.0% YoY to $6.70B and operating income jumping 65.7% to $2.81B, reflecting strong asset management fee growth and significant operating leverage.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue rose 27.0% YoY from $5.28B to $6.70B in Q1 2026, reflecting BlackRock's expanding AUM base and fee-generating capabilities across its investment management platform.
Operating income surged 65.7% YoY to $2.81B, with operating margin expanding approximately 980 basis points from 32.2% to 42.0%, indicating that revenue growth significantly outpaced expense growth.
Net income grew 46.5% YoY to $2.21B, while diluted EPS increased 45.9% to $14.06 from $9.64, demonstrating strong bottom-line conversion of top-line gains.
Revenue
$6.7B
++26.95% YoY
EPS (Basic)
$14.24
++46.20% YoY
Operating Income
$2.81B
++65.72% YoY
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