BLK · News · 20260904N

Operating Margin Drivers

BlackRock, Inc. · 2026-09-04 · Importance 58 · Surprise 56

BlackRock’s adjusted operating margin reached 45.9% in the second quarter. Adjusted operating income rose 39% year over year, exceeding the 31% revenue growth rate reported for the quarter. Margin expansion is being supported by scale, higher-fee alternatives, and technology-related business growth.

Key facts

• BlackRock's adjusted operating margin reached 45.9% in Q2. source