BlackRock has reported net income of $2.12bn for the first quarter of 2026, up 46% from $1.5bn in the same period a year earlier.
The firm recorded $130bn in total net inflows for the quarter, with iShares ETFs contributing to what it described as a record first quarter, alongside net inflows into active and private markets strategies.
The company’s assets under management were $13.89tn at quarter-end, compared with $11.58tn a year earlier.
Revenue was $6.7bn, up 27% from a year earlier, which the company attributed to market effects, organic growth in base fees, fees linked to the HPS Transaction, and higher technology services and subscription revenue.
Technology services and subscription revenue increased 22% year-over-year due to the momentum in Aladdin and the impact of the Preqin transaction.
GAAP operating income increased 66% year-over-year and GAAP diluted EPS rose 46%.
BlackRock noted these were affected by noncash acquisition-related items that were excluded from as adjusted results.
Operating income, as adjusted, rose 31% year-over-year.
During the quarter, BlackRock repurchased $450m of shares and lifted its quarterly cash dividend by 10% to $5.73 per share.
Investment advisory performance fees were $272m in the quarter, compared with $60m a year earlier.
BlackRock chairman and CEO Laurence Fink said: “BlackRock delivered one of the strongest starts to a year in our history.
“We’re engaged with clients across every channel, geography, and asset class. Our results and growing pipeline of business show that when clients are making big decisions about their portfolios, they are choosing BlackRock. They’re coming to BlackRock because we can meet them across their whole portfolio.”
“BlackRock Q1 profit surges 46% to $2.12bn ” was originally created and published by Private Banker International, a GlobalData owned brand.
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