BlackRock Q3 profit beats on organic base fee growth

BlackRock

14/10/2026 11:13

Overview
US asset manager's Q3 revenue beat analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company completed $550 mln in share repurchases during Q3

Outlook
Company sees growing demand for capital globally, expects long-term value creation

Result Drivers
NET INFLOWS - Co said $205 bln net inflows and 11% organic base fee growth drove Q3 results
OPERATING INCOME - Co said higher operating income contributed to increased adjusted EPS in Q3
TECHNOLOGY REVENUE - Co said technology services and subscription revenue grew 14% year-over-year

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$7.75 bln
$7.52 bln (8 Analysts)
Q3 Adjusted EPS
Beat
$15.93
$14.13 (14 Analysts)
Q3 EPS
 
$10.57
 
Q3 Net Income
 
$1.66 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for BlackRock, Inc. is $1,300.00, about 21.9% above its October 13 closing price of $1,066.12
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Oct 13 - JPMorgan posts rare profit miss as dealmaking, bond trading lose momentum
Oct 13 - Citi profit tops estimates on higher investment banking, services and wealth revenue
Oct 13 - Goldman Sachs beats quarterly profit estimates on equities strength

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

Press Release https://s24.q4cdn.com/856567660/files/doc_financials/2026/Q3/BLK-3Q26-Earnings-Release.pdf
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)