BlackRock Q3 2026 Earnings: Adjusted EPS Rises 38% as Revenue Jumps 19% Year-Over-Year

Q3 2026 results and consensus comparisons

BlackRock reported third-quarter 2026 revenue of $7,752 million, up 19% from $6,509 million a year earlier, according to the company's earnings call presentation filed on October 14, 2026. Net income rose 25% to $1,659 million from $1,323 million, while GAAP operating income increased 19% to $2,328 million and adjusted operating income climbed 27% to $3,330 million. The quarter's adjusted diluted EPS reached $15.93, a 38% increase from $11.55 in Q3 2025.

On a comparison to analyst estimates, Zacks said BlackRock's revenue topped the Zacks Consensus Estimate of $7.46 billion by 3.96%, and that adjusted EPS of $15.93 exceeded the consensus estimate of $13.97 by 14.03%. A separate GuruFocus headline framed the report as an "earnings miss," reporting an EPS figure of $10.57 versus a $13.39 estimate on revenue of $7.75 billion; that same GuruFocus article also reproduced BlackRock's adjusted diluted EPS of $15.93 and management commentary emphasizing a "more than 35% increase in adjusted earnings per share year-over-year". The differing EPS references indicate the discrepancy is between reported (GAAP) and adjusted figures rather than competing reported results.

Management commentary and platform detail

General Counsel and Chief Legal Officer Christopher Meade was among the company participants on the October 14, 2026 7:30 AM EDT earnings call. Management's prepared remarks, carried in the slide deck published the same day, framed the quarter's results around the firm's "integrated platform" and higher earnings power for shareholders. Technology services revenue rose 14% year-over-year, reflecting continued growth of BlackRock's Aladdin software suite, and performance fees increased during the quarter, according to the GuruFocus summary of the report.

Assets under management, flows and market reaction

BlackRock's total assets under management stood at $15,488.26 billion for the quarter, compared with an average estimate of $15,608.97 billion based on two analysts in the Zacks dataset. Zacks also listed cash management net inflows of $30.65 billion against a two-analyst average estimate, consistent with the scale of flows the firm disclosed alongside the earnings presentation, and both data points were published on October 14, 2026. Shares of BlackRock (NYSE: BLK) rose 3.7% in premarket trading on October 14, 2026 after the release of the Q3 results, according to GuruFocus, and the move preceded the 7:30 AM EDT earnings call hosted by management.

Valuation context and remaining signals

GuruFocus, citing its proprietary data, set a GF Score of 91 out of 100 for BlackRock, a GF Value of $1,173.69 against a then-current price of $1,066.12, implying approximately 9.2% undervaluation, with profitability, growth, financial strength, and predictability ranks of 8, 9, 6, and 3.5 stars respectively, and an intraday move of 0.57%. The October 14, 2026 earnings call transcript and slide deck remain the primary reference for any management guidance issued with the report.