BlackRock reported adjusted earnings of $13.91 per share, while assets under management reached a record $15.34 trillion. Clients added $192 billion of net new money, with strong demand across iShares ETFs, bonds, private credit and infrastructure.

Its operating margin rose to 45.9%, and management increased planned 2026 share repurchases to $2 billion. The results show that BlackRock is benefiting from rising markets, ETF adoption and demand for private assets.

Why the story matters

Its growth shows that investors are still allocating money across public and private markets, although smaller managers may struggle as more capital flows towards global platforms.

Winners

Large diversified asset managers

Names: $BLK (BlackRock), $BX (Blackstone)

Reason: BlackRock is the direct winner fro ...