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FY2026 Q2
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Отчётный звонок BlackRock, Inc.
Вывод Buzzberg
Record $868B net inflows, 10% organic base fee growth
BlackRock reported record Q2 2026 results with $7.1bn revenue, $13.91 EPS, 45.9% operating margin, and $192bn in net inflows. Management highlighted strong momentum in private markets, tokenization, and technology, raised share repurchases to $550mn/quarter, and expressed high optimism for future growth. Record first-half net inflows of $868bn and 8% organic base fee growth in Q2.
Вывод Buzzberg Record $868B net inflows, 10% organic base fee growth BlackRock reported record Q2 2026 results with $7.1bn revenue, $13.91 EPS, 45.9% operating margin, and $192bn in net inflows. Management highlighted strong momentum in private markets, tokenization, and technology, raised share repurchases to $550mn/quarter, and expressed high optimism for future growth. Record first-half net inflows of $868bn and 8% organic base fee growth in Q2. Читать полный анализСвернуть анализ
BlackRock reported record Q2 2026 results with $7.1bn revenue, $13.91 EPS, 45.9% operating margin, and $192bn in net inflows. Management highlighted strong momentum in private markets, tokenization, and technology, raised share repurchases to $550mn/quarter, and expressed high optimism for future growth. Record first-half net inflows of $868bn and 8% organic base fee growth in Q2.
- Operating margin expanded 260bps YoY to 45.9%, with recurring FRE margin at 46.5%.
- Private markets flywheel accelerating: $15bn net inflows, $6bn private credit deployment, and major infrastructure transactions including the take private of AES.
- iShares ETFs gathered $178bn in Q2, with active ETFs at $20bn; European iShares crossed $1.5tn AUM.
Выручка$7.084B+6% к/к
EPS$13.91+11% к/к
Валовая маржа82%Факт
Операционная маржа35.69%Факт
6 подтверждённых тезисов
Что важно сейчас
Самые значимые изменения по итогам звонка.
Margins
Operating margin 45.9%, highest in nearly five years
Demand
iShares $178B net inflows in Q2, record first half
Показать ещё 3 тезиса
Capital return
Increasing share repurchases to at least $550M per quarter
Other
Largest data center infrastructure transaction announced
Other
Filed for tokenized money market funds on Ethereum
Отчётный период
Фактические результаты
| Показатель | Факт | Изменение |
|---|---|---|
| Выручка | $7.084B | +6% к/к |
| EPS | $13.91 | +11% к/к |
| Валовая маржа | 82% | Факт |
| Операционная маржа | 35.69% | Факт |
| Чистая прибыль | $1.914B | -13% к/к |
AI, капзатраты и спрос
Оценка менеджмента
confident
Management expressed strong confidence throughout the call, driven by record net inflows, organic growth, margin expansion, and accelerating momentum; no shift from prior optimistic stance.
все упомянутые компании ниже: 1
Компаниис момента звонка
Инвестиции
Инвестиции
Martin S. Small
BlackRock, through its infrastructure platform, is acquiring AES, signaling a major bet on utility-scale energy and grid infrastructure, which may affect AES's capital structure and operations.
Доказательства
“We announced the planned acquisitions, the take private of AES.”
Методология и полнота
Анализ основан только на заявлениях менеджмента. Показаны все подтверждённые упоминания компаний: 1. Фактические результаты и прогнозы разделены. Публичные доказательства ограничены восемью короткими атрибутированными цитатами. AI-анализ может быть неполным или ошибочным — проверяйте важные утверждения по первоисточнику.