BlackRock reaches $15.34 trillion AUM, Q2 earnings beat

BlackRock Inc. has become the first asset management firm in history to oversee more than $15 trillion in client assets, reporting a record $15.34 trillion in assets under management as of June 30, 2026. The milestone was announced on July 15 alongside second-quarter earnings that exceeded analyst expectations, sending the company's shares up approximately 7%.

The firm's assets grew from $12.53 trillion a year earlier, driven by a combination of market appreciation and substantial new client investments. In the second quarter alone, BlackRock attracted $192 billion in net inflows, with $178 billion flowing into its exchange-traded funds, particularly its iShares franchise. For the first half of 2026, total net inflows reached a record $321 billion. The company reported adjusted earnings per share of $13.91, surpassing estimates, on quarterly revenue of $7.08 billion, a 31% increase from the same period last year. Its adjusted operating margin expanded to 45.9%, the highest in nearly five years.

Chief Executive Larry Fink attributed the strong performance to favorable market fundamentals and technological advances. He stated that the scale and depth of the firm's client...