BlackRock AUM hits $13.89 trillion as iShares drives record first quarter
EG
Elliot Gallagher
BlackRock · Apr 14, 2026
Source: DojiDoji Data Terminal
BlackRock shares rose nearly 3% in premarket trading after the world's largest asset manager reported first-quarter 2026 results that surpassed Wall Street expectations. Assets under management totaled $13.89 trillion as of March 31, 2026, a 19.9% increase year-over-year.
The growth was powered by $136 billion in long-term net inflows during the quarter, led by a record first quarter for the iShares ETF business. Over the last 12 months, clients entrusted the firm with $744 billion of net new assets, which Laurence Fink, Chairman and CEO of BlackRock, said powered 10% organic base fee growth.
GAAP revenue for the quarter reached $6.70 billion, up 27% year-over-year. Adjusted earnings per share were $12.53, beating the Zacks Consensus Estimate of $11.96. Adjusted operating income climbed 31% to $2.67 billion, while the adjusted operating margin expanded to 44.5% from 43.2% a year earlier.
Growth was further supported by a 22% year-over-year increase in technology services and subscription revenue, driven by the firm's Aladdin investment management platform and the acquisition of Preqin. Total expenses rose 8.6% to $3.88 billion, while the company repurchased $450 million in shares during the quarter.
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