BLK · 8-K · 20261014PR420979

Revenue Performance and Mix

BlackRock, Inc. · 2026-10-14 · Importance 54 · Surprise 40 · No source text

Third-quarter 2026 revenue increased 19% year over year to $7.752 billion and 9.4% sequentially from $7.084 billion in Q2 2026. Investment advisory, administration fees and securities lending revenue rose $990 million year over year to $6.036 billion, including securities lending revenue of $253 million versus $203 million. Performance fees increased $114 million year over year to $630 million and $325 million sequentially, driven primarily by liquid alternatives and a single hedge fund whose annual measurement period ended in Q3. Technology services and subscription revenue increased 14% year over year to $588 million, while distribution fees rose $59 million to $414 million.

Key facts

• BlackRock, Inc. reported revenue of $7,752 million for the three months ended September 30, 2026, a 19% increase year-over-year. source
• BlackRock, Inc. reported revenue from investment advisory and administration fees of $5,783 million in Q3 2026, up $940 million from Q3 2025. source
• BlackRock, Inc. reported GAAP net income attributable to BlackRock, Inc. of $1,659 million and as adjusted net income attributable to BlackRock, Inc. of $2,621 million for Q3 2026. source
• BlackRock, Inc. reported as adjusted diluted EPS of $15.93 for the third quarter of 2026, a 38% increase year-over-year. source
• BlackRock, Inc. reported GAAP diluted EPS of $10.57 for the third quarter of 2026, up 25% year-over-year. source
• BlackRock, Inc. reported 10% organic base fee growth over the last twelve months. source
• BlackRock, Inc. reported 11% annualized organic base fee growth in the third quarter. source
• BlackRock, Inc. reported that performance fees increased $114 million from Q3 2025 and $325 million from Q2 2026. source

Impact estimates