BLK · 8-K · 20260715PR304013

Revenue Performance and Mix

BlackRock, Inc. · 2026-07-15 · Importance 69 · Surprise 64 · No source text

Second-quarter 2026 revenue increased 31% year over year to $7.084 billion and rose $386 million sequentially from $6.698 billion. Investment advisory, administration fees and securities lending revenue increased $1.272 billion year over year to $5.726 billion, including approximately $230 million of HPS Transaction-related fees and $239 million of securities lending revenue. Investment advisory performance fees increased $211 million year over year to $305 million, primarily from alternative products and higher long-only product revenue. Technology services and subscription revenue increased 13% year over year to $566 million and 7% sequentially, while annual contract value increased 15% year over year on Aladdin and multi-product solutions.

Key facts

• BlackRock's total revenue for the quarter was $7,084 million ($7.084 billion), a 31% year-over-year increase. source
• Investment advisory, administration fees and securities lending revenue was $5,726 million in the quarter (up $1,272 million from Q2 2025). source
• Net income attributable to BlackRock, Inc. for the quarter was $1,914 million GAAP and $2,291 million as adjusted. source
• Performance fees were $305 million in the quarter, up $211 million from Q2 2025. source
• Diluted EPS for the quarter was $12.19 on a GAAP basis and $13.91 as adjusted. source
• Securities lending revenue was $239 million in the quarter, up from $171 million in Q2 2025. source
• Distribution fees for the quarter were $395 million, up $75 million from Q2 2025. source
• Diluted earnings per common share, as adjusted: $13.91, $12.05, $12.53, $26.45, $23.35, and $26.25 and $19.83 appear in the filing's earnings-per-share table. source

Impact estimates