BlackRock Reports Q3 Revenue and Earnings Above Analyst Estimates
BlackRock reported third-quarter revenue of $7.75 billion, up 19% year over year, and adjusted earnings of $15.93 per share, both above analyst consensus. The company expects momentum to continue into the seasonally strong fourth quarter and said it plans to repurchase at least $550 million of shares, subject to market conditions and capital spending plans.
BlackRock said momentum is expected to extend into the seasonally strong fourth quarter, supported by broad activity across iShares, private markets, retirement and international platforms. On its third-quarter earnings call, management said the company remains on track with its long-term targets for organic base fee growth, operating margin expansion and EPS. BlackRock repurchased $550 million of shares in the third quarter of 2026 and expects to repurchase at least another $550 million in the fourth quarter. The planned buyback is subject to market conditions and capital spending plans, in line with guidance issued in July.
Management cited growth opportunities in the convergence of public and private markets, rising investment in AI infrastructure, and increased demand for investment technology and data. It also expects private credit demand to remain strong, particularly among insurers seeking high-grade investment solutions, with activity potentially accelerating toward year-end and into 2027. BlackRock raised $68 billion in Over the past 12 months, BlackRock generated $25 billion in private credit during HPS’s first full year with the firm.
Its AI infrastructure partnership completed its first deployment when the Align Data Center transaction closed, at an enterprise value of approximately $40 billion. BlackRock also partnered with Meta Platforms, Inc. (NASDAQ: META) to finance its planned $14 billion Texas data center. The arrangement brings together Global Infrastructure Partners’ infrastructure expertise and private financing capabilities, including HPS.
BlackRock sees additional opportunities to finance customers’ efforts to expand computing capacity. It expects to begin with private placements for high-grade insurance mandates, with the potential to later offer securitized, tradable investments to a broader group of investors. Management said BlackRock will draw on its technology, data, scale and investment expertise to create standardized performance measures and risk analytics for computing capacity as an emerging asset class. 75 billion, up 19% year over year.
52 billion. 13. P. 47 billion estimate, partly reflecting higher performance fees.
Cho said BlackRock’s third-quarter results came in above expectations, with strong inflows across most businesses. 40 at the time of publication on Wednesday.