BlackRock BLK reported assets under management (AUM) of $15.49 trillion as of Sept. 30, 2026, up 15% year over year. This was driven by robust client inflows and favorable market movements over the past year, strengthening the company's fee-generating asset base.
In the third quarter, BlackRock recorded $205 billion in total net inflows, including $175 billion in long-term inflows and $31 billion in cash management inflows. Over the trailing 12 months, net inflows totaled $869 billion, reflecting sustained client demand across investment strategies. Quarterly annualized organic base fee growth reached 11%.
Net Flows (in Billions)
Image Source: BlackRock, Inc.
Exchange-traded funds (ETFs) remained the primary growth driver, attracting $135 billion in net inflows, including $66 billion into fixed-income ETFs and $51 billion into equity ETFs. Active strategies generated $66 billion in inflows, while institutional index products witnessed $27 billion in outflows. Retail clients contributed $23 billion.
Private markets attracted $15.3 billion in net inflows, taking segment AUM to $336 billion. This business offers additional revenue diversification, with private markets representing 11% of base fees despite accounting for only 2% of total AUM.
The expanding asset base is translating into stronger revenues. Investment advisory, administration and securities lending revenues increased 20% year over year to $6.04 billion. Total revenues climbed 19% to $7.75 billion, supported by higher average AUM, organic growth and performance fees.
Sustained inflows and greater exposure to higher-fee alternatives could support BlackRock's revenue growth in the future. However, market volatility, institutional outflows and competitive fee pressures remain important considerations. The company's diversified platform provides growth opportunities, although its contribution will depend on asset retention, market conditions and fee realization.
Earnings Dates & Expectations of BlackRock’s Peers
Blackstone Inc. BX is slated to report third-quarter 2026 results on Oct. 22.
Over the past week, the Zacks Consensus Estimate for BX’s quarterly earnings has been revised lower to $1.31. The figure implies a fall of 13.8% from the prior-year quarter.
Invesco IVZ is scheduled to announce third-quarter 2026 numbers on Oct. 27.
Over the past seven days, the Zacks Consensus Estimate for IVZ’s quarterly earnings has been unchanged at 75 cents. The figure implies a jump of 23% from the prior-year quarter.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power .
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BlackRock (BLK): Free Stock Analysis Report
Blackstone Inc. (BX): Free Stock Analysis Report
Invesco Ltd. (IVZ): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).