BlackRock Q2 2026: revenue up 31%, GAAP EPS $12.19
BlackRock's second quarter of 2026 was a flow story: $192 billion of net inflows, revenue up 31% to $7.084 billion, and adjusted EPS of $13.91 that beat the $12.72 consensus. GAAP EPS of $12.19 fell short of that estimate, and the $1.72 difference between the two measures is where the questions start. The operating engine looks strong; the earnings quality is the part worth checking.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $12.19 rose 20% from $10.19, while adjusted EPS of $13.91 rose 15% from $12.05. The $12.72 consensus estimate sits between the two, so the quarter beat on the adjusted number by $1.19 and missed on GAAP by $0.53. Weighted-average diluted shares rose to 164.6 million from 156.3 million, which clipped per-share growth.
Revenue was $7.084 billion, up 31% from $5.423 billion a year ago, with base fees of $5.726 billion and performance fees of $305 million doing much of the work. The product-level table only adds up to $5.726 billion, so it describes base fees rather than the whole top line. No revenue consensus was published, so there is no clean top-line beat or miss to score.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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