BlackRock's total assets climbed to a record $15.5tn in Q3 2026, driven by $205bn in net inflows that exceeded Wall Street estimates. The world’s largest money manager reported broad-based strength across its iShares ETFs, systematic active equities, private markets, and cash businesses. CEO Larry Fink noted growing global demand for capital deployment, positioning BlackRock at the center of asset management.
Revenues rose nearly 20% year-over-year to $7.8bn, with adjusted operating margin expanding to 47.8%. Net income increased 25% to $1.7bn, and organic base-fee growth reached 11%. Active ETFs attracted $22bn in flows, while total iShares inflows reached $135bn.
The firm’s Investment Institute upgraded its outlook on US Treasuries following a recent sell-off, citing higher yields and potential excessive Fed tightening expectations, while downgrading US equities to neutral. Alternatives saw $24bn in flows, up from $22bn in Q2 and $16bn a year prior. BlackRock shares rose approximately 5% in pre-market trading.
Source: Financial Times Companies · Summarized by HeadlinesBriefing