Filing Flows › BlackRock (BLK) › Q2 2026
BlackRock (BLK) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
BlackRock (BLK) reported revenue of $7.1B for the second quarter 2026 (Q2 2026), +31% from a year earlier and +6% from the quarter before. Operating margin was 34.7%, net earnings $1.9B (27.0% of revenue).
BlackRock, Q2 2026: revenue $7.1B (+31% year over year), operating margin 34.7%, net earnings $1.9B, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1B | +6% | +31% |
| Operating profit | $2.5B | -13% | +42% |
| Net earnings | $1.9B | -13% | +20% |
| Operating cash flow | $1.2B | — | -10% |
| Free cash flow | $1.1B | — | -12% |
What changed
Revenue was $7.1B in Q2 2026, up 31% year over year and up 6% from the previous quarter. Investment Advice was the largest line at 81% of revenue. Investment Advice added $1.3B year over year (up 29%), 77% of the total change.
Operating profit was $2.5B, a 34.7% margin (up 2.8 points year over year). Of the extra revenue versus a year earlier, 44% reached operating profit, above the 32% margin then. Total costs grew 25% against revenue growth of 31%. The fastest-growing cost line was Other operating costs (+27%). Net earnings were $1.9B, up 20% year over year. The effective tax rate was 24.9%.
Operating cash flow was $1.2B (down 10% year over year), 60% of net income including minority interests. Non-cash charges added back $0.39B of depreciation and amortization and $0.30B of share-based compensation. Working capital and other items used $1.5B. Capital expenditures of $0.11B left free cash flow of $1.1B.
Questions
What was BlackRock's revenue in the second quarter 2026?
BlackRock (BLK) reported revenue of $7.1B for the second quarter 2026 (Q2 2026), +31% from a year earlier and +6% from the quarter before.
Was BlackRock profitable in the second quarter 2026?
Operating profit was $2.5B (34.7% of revenue) and net earnings $1.9B.
Source: BlackRock 10-Q on SEC EDGAR.