BlackRock has reported net income of $1.66bn in the third quarter (Q3) of 2026, up 24.8% from $1.33bn a year earlier, as net inflows supported the result.
Quarterly revenue increased 19.1% year on year to $7.7bn, compared with $6.5bn in the third quarter of 2025.
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Operating income rose 19.1% year-on-year to $2.3bn.
Assets under management reached $15.5tn after $869bn in net inflows over the past 12 months, resulting in 10% organic base fee growth.
The company recorded $205bn in net inflows during the quarter, while annualised organic base fee growth reached 11% across iShares ETFs, systematic active equities, private markets, and cash.
Technology services and subscription revenue rose by $73m year on year and by $22m from the previous quarter.
The increase reflected demand for Aladdin and multi-product solutions. Technology services and subscription annual contract value (ACV) increased 12% from the third quarter of 2025.
Higher operating income and performance fees drove employee compensation and benefits expense up $83m from the third quarter of 2025 and $166m from the second quarter of 2026, tempered by lower nonrecurring retention-related deferred compensation.
Notably, this March, BlackRock and iCapital entered an alliance to link iCapital’s alternative investment technology platform with Aladdin Wealth.
BlackRock chairman and CEO Laurence D. Fink said: “BlackRock’s results demonstrate the value of our integrated platform, as clients increasingly choose us as a partner across investing, financing, and technology. That client trust is translating into higher earnings power, with shareholders benefiting from a more than 35% increase in adjusted earnings per share year-over-year, a 47.8% adjusted operating margin, and 11% annualised organic base fee growth in the third quarter.”
