BlackRock Posts Q2 2026 Diluted EPS of $14.06 as AUM Trajectory Continues

BlackRock reported second-quarter 2026 diluted earnings per share of $14.06, or $12.53 on an adjusted basis, according to figures posted on its investor relations site alongside the July 15, 2026 results release ir.blackrock.com. The firm had flagged the reporting date on July 1, 2026, and held its earnings conference call the same day the results dropped.
The EPS print lands against a run of asset-under-management (AUM) records that has defined BlackRock's last two years. AUM hit $10.65 trillion in Q2 2024 Reuters, $11.48 trillion in Q3 2024 Reuters, $12.53 trillion in Q2 2025 Reuters, $13.46 trillion in Q3 2025 Reuters, and $14 trillion by Q4 2025, alongside a record $698.3 billion in full-year net inflows for 2025 Reuters. The Q2 2026 IR page does not itself disclose a new AUM figure alongside the EPS numbers, so the $14 trillion Q4 2025 mark remains the most recent confirmed AUM data point pending the full Q2 2026 release detail.
Note the spread between GAAP and adjusted EPS: $14.06 diluted versus $12.53 adjusted. A gap of that size — roughly $1.53 per share, or about 12% — typically reflects non-operating items such as mark-to-market gains on seed investments, co-investments, or one-off tax effects that BlackRock's adjusted metric strips out. Without the underlying earnings release footnotes, the precise reconciliation isn't yet public from the facts at hand, but the magnitude is large enough that analysts modeling forward multiples will want the breakdown before drawing conclusions about run-rate profitability.
Sequential AUM comparisons matter more for BlackRock's fee-based revenue model than for most financial institutions. Roughly the bulk of its top line derives from investment advisory and administration fees charged as a percentage of AUM, so the trajectory from $10.65 trillion to $14 trillion over six quarters translates fairly directly into base management fee growth, before accounting for fee-rate mix shift toward lower-cost index and ETF products. The 2025 net inflow figure of $698.3 billion is the more telling organic-growth number, since AUM levels also move with market appreciation and currency translation, neither of which reflects client decision-making.
The quarterly cadence itself is unremarkable: BlackRock has reported second-quarter results in mid-July in each of the last three years, per the sequence of Reuters coverage from 2024 through 2026. What's more useful for anyone tracking the name is the structure of BlackRock's own disclosure. The IR press release archive at blackrock.com allows filtering by year and by category — All Releases, Earnings Releases, or Merger Releases — a distinction that matters given the firm's recent acquisition activity has generated its own release stream separate from routine earnings. The quarterly results page at ir.blackrock.com/financials/quarterly-results/ currently spans 2024 through 2026 financial summaries, giving a three-year lookback window without needing to dig through SEC filings directly.
BlackRock also flagged a 2025 Investor Day in its IR site navigation, though no granular disclosures from that event are captured in the sourced facts here. For analysts building models off management's medium-term guidance, that event — rather than the quarterly print — is typically where BlackRock lays out multi-year targets on organic base fee growth, technology services revenue (Aladdin), and capital return policy. The July 15 quarterly numbers should be read alongside whatever framework came out of that day, since a single quarter's EPS beat or miss means less for a firm managing $14 trillion than the multi-year fee-growth algorithm management commits to.
On the administrative side: BlackRock is headquartered at 50 Hudson Yards in New York, trades on the NYSE under BLK, and its transfer agent is Computershare Investor Services, based in Jersey City, New Jersey BlackRock Investor Relations. None of that changes quarter to quarter, but it's the kind of registrar and contact detail that becomes relevant during proxy season or for shareholders managing direct registration.
The one gap worth flagging for anyone modeling off this print: the sourced Q2 2026 disclosure gives EPS but not a companion AUM figure, net inflow number, or revenue line. Given the firm's own historical pattern of pairing AUM records with each quarterly release, a comparable AUM disclosure for Q2 2026 likely accompanies the full results but sits outside what's confirmed here. Treat the $14.06/$12.53 EPS figures as the hard number from this release, and treat the $14 trillion AUM mark as the last confirmed level, dated to Q4 2025 reporting in January 2026.


