BLK · Earnings call · 2026Q3T · Full report

Assets Under Management Growth

BlackRock, Inc. · 2026-10-14 · Importance 20 · Surprise 24 · In source text

Management expects iShares flows to follow seasonal patterns, with approximately 30%–40% of annual flows typically occurring in the fourth quarter. It anticipates continued mix growth toward higher-value ETF categories, including precision exposures, active ETFs, digital assets, and factors. Management also expects stronger fourth-quarter private-markets fundraising toward annual goals, including fee-paying day-one strategies, and believes evergreen funds will improve in the fourth quarter and first half of next year. The company expressed confidence in growing momentum into year-end and the years ahead.

Key facts

• BlackRock said AUM is up over $2 trillion in the last year and has now reached $15.5 trillion.
• Clients entrusted BlackRock with nearly $870 billion of net inflows over the last 12 months, driving 10% organic base fee growth.
• In the third quarter, BlackRock generated $205 billion of net inflows.
• BlackRock said year-to-date net inflows and organic base fee growth are both more than 45% higher than this time last year.

Impact estimates