BLK · Earnings call · 2026Q3T · Full report
Income Tax Rate Changes
BlackRock, Inc. · 2026-10-14 · Importance 31 · Surprise 14 · In source text
BlackRock’s as-adjusted tax rate was approximately 24% in the third quarter of 2026. Management continues to estimate a 25% tax rate as a reasonable projected run rate for the fourth quarter. The actual effective rate could differ because of non-recurring or discrete items and potential tax-law changes. The 24% quarterly rate was approximately one percentage point below the projected fourth-quarter run rate.
Key facts
- BlackRock estimates a 25% projected tax run rate for the fourth quarter of 2026.
- BlackRock's as-adjusted tax rate for the third quarter was approximately 24%.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | committed | — | BlackRock estimates a 25% projected tax run rate for the fourth quarter of 2026. |