BlackRock earnings
BlackRock's next results are January 21, 2027. Watch whether recurring fees grow faster than expenses.
What has BlackRock guided for 2030?
Management targets more than $35 billion of revenue by 2030. It targets at least $15 billion of adjusted operating income. Private markets and technology should provide at least 30% of revenue, supported by at least 5% organic base-fee growth and low-to-mid-teens technology ACV growth. For 2026, guidance calls for $2,000 million of repurchases, including $550 million for the quarter to December 2026.
What do BlackRock's last eight quarters show?
Revenue reached $7,752 million, up from $6,509 million a year earlier. Operating income rose from $1,955 million to $2,328 million. Diluted EPS rose from $8.43 to $10.57.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,752 | 7,084 | 6,698 | 7,008 | 6,509 | 5,423 | 5,276 | 5,677 |
| Operating income | 2,328 | 2,461 | 2,814 | 1,661 | 1,955 | 1,731 | 1,698 | 2,075 |
| Net income | 1,659 | 1,914 | 2,212 | 1,127 | 1,323 | 1,593 | 1,510 | 1,670 |
| EPS, diluted | 10.57 | 12.19 | 14.06 | 7.16 | 8.43 | 10.19 | 9.64 | 10.63 |
| = Free cash flow | 1,118 | -1,086 | 2,147 | 1,336 | 1,275 | -1,206 | 2,528 |
What this means. Free cash flow can look very low or negative because this count includes cash used to buy investments, not just normal business spending.
What should I watch in BlackRock's next results?
The quarter ending December 31, 2026 is the next operating checkpoint. Investors should watch the planned $550 million repurchase alongside the cost outlook. Completing the purchase would show available capital and management confidence; completing it while recurring fees grow faster than expenses would show stronger underlying progress.