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BlackRock (BLK) Q3 FY2026 earnings: revenue $7.8 billion, up 19.1% on the year

BlackRock, Inc. (BLK) announced its results for Q3 FY2026, the quarter ended 30 September 2026, on 14 October 2026. Revenue was $7.8 billion, up 19.1% on the same quarter a year earlier. Net income was $1.7 billion, up 25.4% on the year, and diluted earnings per share $10.57. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

Revenue$7.8 billionup 19.1%
Net income$1.7 billionup 25.4%
Diluted EPS$10.57$8.43 a year earlier
QuarterQ3 FY2026ended 30 September 2026

What management said

  • Net inflows and organic growth in quarter: The company reported $205 billion of net inflows in the quarter, with 11% annualized organic base fee growth, and said flows were broad-based across ETFs, systematic active equities, private markets and cash.
  • Revenue up 19% on markets and fees: Total revenue was $7,752 million against $6,509 million a year earlier, up 19%. The company attributed the increase to markets, organic base fee growth, higher performance fees and higher technology revenue.
  • As-adjusted EPS up 38%: As-adjusted diluted EPS was $15.93 against $11.55, up 38%. GAAP diluted EPS was $10.57 against $8.43, up 25%. The as-adjusted figure includes higher nonoperating income.
Read the earnings call summary

The quarter, against the one before and a year earlier

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Revenue7,7527,0846,509+19.1%
Net income1,6591,9141,323+25.4%
Diluted EPS$10.57$12.19$8.43+25.4%
$ million except per share.
Read moreQ3 FY2026 is from the company's press release of 14 October 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right.

Quarterly results, the last 20 quarters filed

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue5,0505,1064,6994,5264,3114,3374,2434,4634,5224,6314,7284,8055,1975,6775,2765,4236,5097,0086,6987,084
Operating income1,9352,0391,7641,6681,5261,4271,4381,6151,6371,5851,6931,8002,0062,0751,6981,7311,9551,6612,8142,461
Operating margin38%40%38%37%35%33%34%36%36%34%36%37%39%37%32%32%30%24%42%35%
Interest expense48.050.054.054.050.054.059.069.082.082.092.0126154166166173135140134134
Pre-tax income2,2712,1101,6261,3211,6911,6521,5541,8661,8081,9271,9132,0142,2652,1031,7632,2521,9971,6072,8422,719
Tax rate23%23%16%27%20%21%25%24%12%23%15%24%25%21%14%26%24%23%18%25%
Net income1,6811,6431,4361,0771,4061,2591,1571,3661,6041,3751,5731,4951,6311,6701,5101,5931,3231,1272,2121,914
Net margin33%32%31%24%33%29%27%31%35%30%33%31%31%29%29%29%20%16%33%27%
Diluted EPS$10.89$10.64$9.35$7.06$9.25$8.31$7.64$9.06$10.66$9.15$10.48$9.99$10.90$10.64$9.64$10.19$8.43$7.16$14.06$12.19
Operating cash flow1,7741,917-4221,6451,7601,973-3949851,5761,998-4081,3651,3812,618-1,1281,3641,4142,277-9801,227
Capital expenditure37.012614711613613481.061.078.012464.07.094.090.078.089.078.0130106109
Free cash flow1,7371,791-5691,5291,6241,839-4759241,4981,874-4721,3581,2872,528-1,2061,2751,3362,147-1,0861,118
Buybacks309303936507384505721383396384634519391386657396n/an/an/an/a
Dividends paid629627786737736731796748748743795758757791838808n/an/an/an/a
Shares outstanding152m152m152m151m150m150m150m149m149m149m149m148m148m155m155m155m155m155m155m155m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Earnings press release for the quarter ended 30 September 2026, filed with the SEC on 14 October 2026 with a Form 8-K: the release.