Filing Flows › BlackRock (BLK) › Q3 2026
BlackRock (BLK) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
BlackRock (BLK) reported revenue of $7.8B for the third quarter 2026 (Q3 2026), +19% from a year earlier and +9% from the quarter before. Operating margin was 30.0%, net earnings $1.7B (21.4% of revenue).
BlackRock, Q3 2026: revenue $7.8B (+19% year over year), operating margin 30.0%, net earnings $1.7B, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.8B | +9% | +19% |
| Operating profit | $2.3B | -5% | +19% |
| Net earnings | $1.7B | -13% | +25% |
| Operating cash flow | $2.7B | +121% | +91% |
| Free cash flow | $2.6B | +133% | +95% |
What changed
Revenue was $7.8B in Q3 2026, up 19% year over year and up 9% from the previous quarter. Investment Advice was the largest line at 78% of revenue. Investment Advice added $1.0B year over year (up 20%), 80% of the total change.
Operating profit was $2.3B, a 30.0% margin (unchanged year over year). Of the extra revenue versus Q3 2025, 30% reached operating profit, below the 30% margin then. Total costs grew 19% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+21%). Net earnings were $1.7B, up 25% year over year. The effective tax rate was 27.4%.
Operating cash flow was $2.7B (up 91% year over year), 141% of net income including minority interests. Non-cash charges added back $0.39B of depreciation and amortization and $0.29B of share-based compensation. Capital expenditures of $0.10B left free cash flow of $2.6B.
Questions
What was BlackRock's revenue in the third quarter 2026?
BlackRock (BLK) reported revenue of $7.8B for the third quarter 2026 (Q3 2026), +19% from a year earlier and +9% from the quarter before.
Was BlackRock profitable in the third quarter 2026?
Operating profit was $2.3B (30.0% of revenue) and net earnings $1.7B.
Source: BlackRock 10-Q on SEC EDGAR.