Blackrock Inc.
BLK
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+ FollowMarket Cap$167.34B
Close$
Earnings Call Q2 2026
July 15, 2026 - AI Summary
Strong Q2 results + margin expansion (good / surprising):
- Revenue: $7.1B, +31% YoY
- Operating income: $2.9B, +39% YoY
- EPS: $13.91, +15% YoY (impacted by taxes, non-operating items, and higher share count tied to HPS closing)
- Operating margin: 45.9%, +260 bps YoY, highest in ~5 years
- Management emphasized this as on-track with a 45%+ adjusted operating margin objective.
Flows remain very strong; fee growth durable (good):
- Q2 net inflows: $192B (they also cited 8% organic base fee growth in Q2)
- Last 12 months: $868B net inflows, 10% organic base fee growth
- They framed the “durability” argument via two full years of above-target organic base fee growth.
- Flow mix highlights: ETFs and active ETFs strong; institutional and private markets contributors; some cash outflows from government funds (offsets inflows).
Capital return increased; buyback guidance raised (good / actionable):
- Share repurchases: $450M in Q2
- Updated repurchase expectation: at least $550M per quarter going forward (higher than prior January guidance)
- Total shareholder returns for 2026: dividends + buybacks > $5.7B, +16% vs 2025
- Message: they maintain “invest first, then return excess cash” framework with confidence in free cash flow growth.
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$420.95
60.5% downside
Current Fair Value
60.5% downsideOvervalued by 60.5% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $167.34 Billion |
|---|---|
| Enterprise Value | $171.82 Billion |
| Dividend Yield | $22.40 (2.07%) |
| Earnings per Share | $35.83 |
| Beta | 1.43 |
| Outstanding Shares | 155,200,000 |
Return
| Return on Equity | 11.19% |
|---|---|
| Return on Assets | 3.67% |
| Return on Invested Capital | 8.67% |
Valuation & Multiples
| P/E Ratio | 25.47 |
|---|---|
| PEG | 90.36 |
| Price to Sales | 6.09 |
| Price to Book Ratio | 2.57 |
| Enterprise Value to Revenue | 6.29 |
| Enterprise Value to EBIT | 19.83 |
| Enterprise Value to Net Income | 26 |
| Total Debt to Enterprise | 0.09 |
| Debt to Equity | 0.26 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
July 21, 2026
EPS Estimate
$12.56
Average shareholder expectationRevenue Estimate
$6.69 B
Average shareholder expectationNext Earnings Call
Expected Date
October 13, 2026
EPS Estimate
$14.28
Average shareholder expectationRevenue Estimate
$7.44 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.9974▼ 25.74% |
|---|---|
| Total Calls | 1,309,342▲ 31.27% |
| Total Puts | 1,305,919▲ 4.34% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 78.54%▲ 2.75% |
|---|---|
| Total Invested | $116.90B▲ 3.40% |
| Investors Holding | 2,374▲ 4.00% |
ESG Score
No data
About Blackrock Inc.
16,200 employees
CEO: Laurence Fink BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their m...