Q2 FY26 · Ended Jun 30, 2026 · View SEC filing
Shareholder profit grew less than half as fast
Operating income rose 42.2%, but smaller investment gains and a new claim by HPS's former owners slowed what reached shareholders.
For investorsWhat the margin rests on once performance fees settle
For foundersTurning an internal tool into a product line
Performance fees grew faster than base fees, so part of this quarter's margin gain rests on income that does not recur on schedule.
Equity ETFs brought $1.99B against $626M from active equity, so index scale, more than stock selection, drives the largest revenue source.
Operating cash covered 64.1% of profit this quarter, after a negative first quarter the filing ties to bonus payouts and fund purchases.
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Business Lens describes BlackRock from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
