BlackRock leverages private market acquisitions to outpace S&P 500 decline
BlackRock reported an adjusted earnings per share of $12.53, beating the analyst consensus estimate of $11.96. The firm recorded $6.7 billion in revenue for the first quarter of 2026, a 27% increase over the same period in 2025. This growth occurred despite a nearly 4.5% retreat in the S&P 500 during the quarter. The revenue surge was driven by the full-scale integration of Global Infrastructure Partners and HPS Investment Partners. These acquisitions tripled BlackRock's private markets footprint, allowing the firm to capture higher management fees than those generated by traditional index-tracking products.
More Briefs
The top 1% of Social Security retirees receive checks averaging $4,140 monthly
Apr 16Cypherpunk Technologies now owns 1.82% of the Zcash network
Apr 16S&P 500 Gains 10% After Geopolitical Shock as Energy Intensity Drops