BlackRock Q1 Net Income Rises 17% to $2.21 Billion

BlackRock, the world's largest asset manager, reported a strong first-quarter performance on April 14, 2026, with net income rising 17 percent year over year to $2.21 billion, driven by record inflows into its exchange-traded funds and higher performance fees. The New York-based firm posted revenue of $6.7 billion, a 27 percent increase from the prior year, surpassing analyst expectations. Its shares climbed about 2.8 percent in early trading following the announcement.

The results highlighted robust demand for BlackRock's investment products amid volatile markets. Total net inflows reached $130 billion for the quarter ended March 31, including a record $132 billion into iShares ETFs. The iShares Bitcoin Trust, or IBIT, emerged as a key contributor, attracting significant capital even as broader spot Bitcoin ETFs saw outflows of $291 million on April 13. Private markets added $9 billion in inflows, led by credit and infrastructure strategies, while active equity strategies drew $3 billion.

Assets under management stood at $13.89 trillion, up 20 percent from $11.58 trillion a year earlier but down slightly from the $14.04 trillion record at the end of the fourth quarter of 2025,...