Exhibit 99.1


INVESTOR RELATIONS: Caroline Rodda 212.810.3442	MEDIA RELATIONS: Patrick Scanlan 212.810.3622

BlackRock Reports Second Quarter 2026 Diluted EPS of $12.19, or $13.91 as adjusted
New York, July 15, 2026 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three and six months ended June 30, 2026.

      $15.3 trillion in AUM following $868 billion of net inflows over the last twelve months, reflecting 10% organic base fee growth 
Record first half net inflows of $321 billion including $192 billion in the second quarter, broad-based across the platform and driven by ETFs, private markets, active fixed income and systematic equity strategies
31% increase in revenue year-over-year reflects the positive impact of markets, organic base fee growth, fees related to the HPS Transaction, higher performance fees, and higher technology services and subscription revenue
13% growth in technology services and subscription revenue year-over-year, driven by continued momentum in Aladdin® and multi-product solutions
42% increase in operating income year-over-year (39% as adjusted)
20% increase in diluted EPS year-over-year (15% as adjusted) also reflects a lower nonoperating income and higher diluted share count in the current quarter
$450 million of share repurchases in the current quarter
Increasing planned quarterly share repurchases to $550 million 

       

      Laurence D. Fink, Chairman and CEO:
“Market fundamentals are strong and well supported, with higher margins and earnings momentum catalyzed by new technology. The scale and depth of our client relationships globally have never been greater. Clients are turning to BlackRock for insights and opportunities. That’s powering record financial performance, $868 billion of net inflows, and 10% organic base fee growth over the last year. Flows in the first six months of 2026 more than doubled year-over-year, driving AUM to a record $15.3 trillion.
“BlackRock is simultaneously a leading public markets manager, a scaled private markets platform, and a global technology company. The quality and breadth of our platform is differentiating us with clients more than ever before. It’s enabling us to earn more of their portfolios, and power durable earnings for our shareholders.
“In the second quarter clients entrusted us with $192 billion of net inflows, generating 8% organic base fee growth – well in excess of our target. iShares crossed $6 trillion in AUM, roughly doubling in three years. Demand is building across our active franchise with $53 billion of net inflows, where our systematic strategies drove equity net inflows and a record $7 billion into liquid alternatives. Technology services and subscription ACV growth of 15% reflects continued adoption of Aladdin as transparency, data, and analytics become more and more critical to our clients and industry.
“We’re seeing this momentum in our financial results. Our second quarter adjusted operating margin was 45.9% – the highest in almost five years. Quarterly operating income grew approximately 40% year-over-year. And our conviction in the growth ahead for BlackRock led us to increase our planned level of 2026 share repurchases to $2 billion.
“Helping more people benefit from the long-term growth of the capital markets is the core of our strategy and our greatest source of opportunity. It's how we deliver higher, more durable organic growth. We see it in our results this quarter: 8% organic base fee growth, a nearly 46% adjusted operating margin, double-digit EPS growth, and increasing capital return. The more clients we help participate in the markets, the more our own growth builds – higher organic growth, higher earnings growth, and more value for our shareholders. Our momentum is accelerating, and I've never been more optimistic about the growth ahead."

     


FINANCIAL RESULTS							NET FLOW HIGHLIGHTS(1)
(in millions,	Q2			Q2						Q2			YTD
except per share data)	2026			2025			(in billions)			2026			2026
AUM	$	15,344,624		$	12,527,590		Long-term net flows:			$	199		$	335
% change		22	%
Average AUM	$	14,853,996		$	11,974,829		By region:
% change		24	%					Americas		$	152		$	275
Total net flows	$	191,700		$	67,737			EMEA			55			68
								APAC			(8	)		(8	)
GAAP basis:
Revenue	$	7,084		$	5,423		By client type:
% change		31	%
Operating income	$	2,461		$	1,731			Retail:		$	19		$	34
% change		42	%						US		13			28
Operating margin		34.7	%		31.9	%			International		6			6
Net income(1)	$	1,914		$	1,593
% change		20	%					ETFs:		$	178		$	310
Diluted EPS	$	12.19		$	10.19				Active		20			39
% change		20	%						Core equity		85			117
Weighted-average									Digital assets		(3	)		(2	)
diluted shares		164.6			156.3				Fixed income		61			102
% change		5	%						Precision & other		15			54

As Adjusted(2):								Institutional:		$	2		$	(9	)
Operating income	$	2,916		$	2,099				Active		44			68
% change		39	%						Index		(41	)		(76	)
Operating margin		45.9	%		43.3	%
Net income	$	2,291		$	1,883		Cash management net flows			$	(7	)	$	(14	)
% change		22	%
Diluted EPS	$	13.91		$	12.05		Total net flows			$	192		$	321
% change		15	%
_________________________							_________________________
(1) Net income represents net income attributable to BlackRock, Inc. (2) See pages 14 through 16 for the reconciliation to accounting principles generally accepted in the United States ("GAAP") and notes (1) through (3) to the condensed consolidated statements of income and supplemental information for more information on as adjusted items.							(1) Totals may not add due to rounding.

BUSINESS RESULTS


											Q2 2026
						Q2 2026					Base fees(1)
						Base fees(1)		June 30, 2026			and securities
	Q2 2026			June 30, 2026		and securities		AUM			lending revenue
(in millions), (unaudited)	Net flows			AUM		lending revenue		% of Total			% of Total
RESULTS BY PRODUCT TYPE
Equity	$	71,597		$	8,888,234	$	2,891		58	%		50	%
Fixed income		92,096			3,390,161		1,081		22	%		19	%
Multi-asset		16,784			1,347,299		402		9	%		7	%
Alternatives:
Private markets		15,432			329,083		639		2	%		11	%
Liquid alternatives		6,595			120,312		212		1	%		4	%
Alternatives subtotal		22,027			449,395		851		3	%		15	%
Digital assets		(3,116	)		48,839		40		0	%		1	%
Currency and commodities(2)		(254	)		151,849		118		1	%		2	%
Long-term		199,134			14,275,777		5,383		93	%		94	%
Cash management		(7,434	)		1,068,847		343		7	%		6	%
Total	$	191,700		$	15,344,624	$	5,726		100	%		100	%
RESULTS BY CLIENT TYPE
Retail	$	18,862		$	1,396,257	$	1,323		9	%		23	%
ETFs		177,934			6,246,070		2,595		41	%		45	%
Institutional:
Active		43,792			2,687,174		1,176		17	%		21	%
Index		(41,454	)		3,946,276		289		26	%		5	%
Institutional subtotal		2,338			6,633,450		1,465		43	%		26	%
Long-term		199,134			14,275,777		5,383		93	%		94	%
Cash management		(7,434	)		1,068,847		343		7	%		6	%
Total	$	191,700		$	15,344,624	$	5,726		100	%		100	%
RESULTS BY INVESTMENT STYLE
Active	$	53,313		$	3,665,405	$	2,403		24	%		42	%
ETFs		177,934			6,246,070		2,595		41	%		45	%
Non-ETF index		(32,113	)		4,364,302		385		28	%		7	%
Long-term		199,134			14,275,777		5,383		93	%		94	%
Cash management		(7,434	)		1,068,847		343		7	%		6	%
Total	$	191,700		$	15,344,624	$	5,726		100	%		100	%

(1)

Base fees include investment advisory and administration fees.

(2)

Amounts include commodity exchange-traded funds ("ETFs") and exchange-traded products ("ETPs").

INVESTMENT PERFORMANCE AT June 30, 2026(1)


	One-year period	Three-year period	Five-year period
Fixed income:
Actively managed AUM above benchmark or peer median
Taxable	85%	86%	83%
Tax-exempt	78%	66%	57%
Index AUM within or above applicable tolerance	99%	100%	100%
Equity:
Actively managed AUM above benchmark or peer median
Fundamental	62%	63%	63%
Systematic	86%	92%	93%
Index AUM within or above applicable tolerance	93%	95%	99%

(1)

Past performance is not indicative of future results. The performance information shown is based on preliminary available data. Please refer to page 18 for performance disclosure detail.

TELECONFERENCE, WEBCAST AND PRESENTATION INFORMATION

Chairman and Chief Executive Officer, Laurence D. Fink, President, Robert S. Kapito, and Chief Financial Officer, Martin S. Small, will host a teleconference call for investors and analysts on Wednesday, July 15, 2026 at 7:30 a.m. (Eastern Time). Members of the public who are interested in participating in the teleconference should dial, from the United States, (312) 471-1353, or from outside the United States, (800) 330-6710, shortly before 7:30 a.m. and reference the BlackRock Conference Call (ID Number 3230408). A live, listen-only webcast will also be available via the investor relations section of www.blackrock.com.

The webcast will be available for replay by 10:30 a.m. (Eastern Time) on Wednesday, July 15, 2026. To access the replay of the webcast, please visit the investor relations section of www.blackrock.com.

ABOUT BLACKROCK

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND SUPPLEMENTAL INFORMATION

(in millions, except per share data), (unaudited)


											Three Months
	Three Months Ended										Ended
	June 30,										March 31,
	2026			2025			Change				2026			Change
Revenue
Investment advisory, administration fees and securities lending revenue:
Investment advisory and administration fees	$	5,487		$	4,283		$	1,204			$	5,259		$	228
Securities lending revenue		239			171			68				179			60
Total investment advisory, administration fees and securities lending revenue		5,726			4,454			1,272				5,438			288
Investment advisory performance fees		305			94			211				272			33
Technology services and subscription revenue		566			499			67				530			36
Distribution fees		395			320			75				389			6
Advisory and other revenue		92			56			36				69			23
Total revenue		7,084			5,423			1,661				6,698			386

Expense
Employee compensation and benefits		2,274			1,764			510				2,225			49
Sales, asset and account expense:
Distribution and servicing costs		732			576			156				705			27
Direct fund expense		543			441			102				481			62
Sub-advisory and other		67			46			21				71			(4	)
Total sales, asset and account expense		1,342			1,063			279				1,257			85
General and administration expense		720			613			107				674			46
Change in fair value of contingent consideration		11			76			(65	)			(549	)		560
Restructuring charge		-			39			(39	)			-			-
Amortization of intangible assets		276			137			139				277			(1	)
Total expense		4,623			3,692			931				3,884			739

Operating income		2,461			1,731			730				2,814			(353	)

Nonoperating income (expense)
Net gain (loss) on investments		283			550			(267	)			72			211
Net interest income (expense)		(25	)		(29	)		4				(44	)		19
Total nonoperating income (expense)		258			521			(263	)			28			230

Income before income taxes		2,719			2,252			467				2,842			(123	)
Income tax expense		677			587			90				516			161
Net income		2,042			1,665			377				2,326			(284	)
Less:
Net income (loss) attributable to noncontrolling interests ("NCI") - consolidated sponsored investment products ("CIPs")		35			72			(37	)			6			29
Net income (loss) attributable to NCI - Subco		93			-			93				108			(15	)
Net income attributable to BlackRock, Inc.	$	1,914		$	1,593		$	321			$	2,212		$	(298	)

Weighted-average common shares outstanding
Basic		155.2			154.9			0.3				155.3			(0.2	)
Diluted (including Subco Units)		164.6			156.3			8.4				165.0			(0.4	)
Earnings per share attributable to BlackRock, Inc. common stockholders
Basic	$	12.34		$	10.29		$	2.05			$	14.24		$	(1.90	)
Diluted	$	12.19		$	10.19		$	2.00			$	14.06		$	(1.87	)
Cash dividends declared and paid per share	$	5.73		$	5.21		$	0.52			$	5.73		$	-

Supplemental information:

AUM (end of period)	$	15,344,624		$	12,527,590		$	2,817,034			$	13,894,600		$	1,450,024
Shares outstanding including Subco Units		162.6			154.8			7.9				163.0			(0.4	)
GAAP:
Operating margin		34.7	%		31.9	%		280		bps		42.0	%		(730	)	bps
Effective tax rate		25.2	%		26.9	%		(170	)	bps		18.2	%		700		bps
As adjusted:
Operating income (1)	$	2,916		$	2,099		$	817			$	2,669		$	247
Operating margin (1)		45.9	%		43.3	%		260		bps		44.5	%		140		bps
Nonoperating income (expense), less net income (loss) attributable to NCI - CIPs (2)	$	145		$	404		$	(259	)		$	22		$	123
Net income attributable to BlackRock, Inc. (3)	$	2,291		$	1,883		$	408			$	2,068		$	223
Diluted earnings attributable to BlackRock, Inc. common stockholders per share (3)	$	13.91		$	12.05		$	1.86			$	12.53		$	1.38
Effective tax rate		25.2	%		24.8	%		40		bps		23.2	%		200		bps

See pages 14 through 16 for the reconciliation to GAAP and notes (1) through (3) to the condensed consolidated statements of income and supplemental information for more information on as adjusted items. As of June 30, 2026, there were 155.0 million shares of common stock and 7.6 million Class B-2 common units ("Subco Units") of BlackRock Saturn Subco, LLC ("Subco") outstanding.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND SUPPLEMENTAL INFORMATION

(in millions, except per share data), (unaudited)



	Six Months Ended
	June 30,
	2026			2025			Change
Revenue
Investment advisory, administration fees and securities lending revenue:
Investment advisory and administration fees	$	10,746		$	8,527		$	2,219
Securities lending revenue		418			328			90
Total investment advisory, administration fees and securities lending revenue		11,164			8,855			2,309
Investment advisory performance fees		577			154			423
Technology services and subscription revenue		1,096			935			161
Distribution fees		784			641			143
Advisory and other revenue		161			114			47
Total revenue		13,782			10,699			3,083

Expense
Employee compensation and benefits		4,499			3,505			994
Sales, asset and account expense:
Distribution and servicing costs		1,437			1,146			291
Direct fund expense		1,024			833			191
Sub-advisory and other		138			93			45
Total sales, asset and account expense		2,599			2,072			527
General and administration expense		1,394			1,228			166
Change in fair value of contingent consideration		(538	)		172			(710	)
Restructuring charge		-			39			(39	)
Amortization of intangible assets		553			254			299
Total expense		8,507			7,270			1,237

Operating income		5,275			3,429			1,846

Nonoperating income (expense)
Net gain (loss) on investments		355			608			(253	)
Net interest income (expense)		(69	)		(22	)		(47	)
Total nonoperating income (expense)		286			586			(300	)

Income before income taxes		5,561			4,015			1,546
Income tax expense		1,193			835			358
Net income		4,368			3,180			1,188
Less:
Net income (loss) attributable to NCI - CIPs		41			77			(36	)
Net income (loss) attributable to NCI - Subco		201			-			201
Net income attributable to BlackRock, Inc.	$	4,126		$	3,103		$	1,023

Weighted-average common shares outstanding
Basic		155.2			155.0			0.3
Diluted (including Subco Units)		164.8			156.4			8.4
Earnings per share attributable to BlackRock, Inc. common stockholders
Basic	$	26.58		$	20.03		$	6.55
Diluted	$	26.25		$	19.83		$	6.42
Cash dividends declared and paid per share	$	11.46		$	10.42		$	1.04

Supplemental information:

AUM (end of period)	$	15,344,624		$	12,527,590		$	2,817,034
Shares outstanding including Subco Units		162.6			154.8			7.9
GAAP:
Operating margin		38.3	%		32.0	%		630		bps
Effective tax rate		21.6	%		21.2	%		40		bps
As adjusted:
Operating income (1)	$	5,585		$	4,131		$	1,454
Operating margin (1)		45.2	%		43.2	%		200		bps
Nonoperating income (expense), less net income (loss) attributable to NCI - CIPs (2)	$	167		$	479		$	(312	)
Net income attributable to BlackRock, Inc. (3)	$	4,359		$	3,653		$	706
Diluted earnings attributable to BlackRock, Inc. common stockholders per share (3)	$	26.45		$	23.35		$	3.10
Effective tax rate		24.2	%		20.8	%		340		bps

ASSETS UNDER MANAGEMENT

(in millions), (unaudited)


Current Quarter Component Changes by Product Type
			Net
	March 31,		inflows						Market			FX			June 30,		Average
	2026		(outflows)			Realizations(1)			change			impact(2)			2026		AUM(3)
Equity	$	7,661,385	$	71,597		$	-		$	1,167,280		$	(12,028	)	$	8,888,234	$	8,467,690
Fixed income		3,270,863		92,096			(915	)		32,155			(4,038	)		3,390,161		3,339,692
Multi-asset		1,222,612		16,784			-			109,665			(1,762	)		1,347,299		1,299,289
Alternatives:
Private markets		320,431		15,432			(6,209	)		(469	)		(102	)		329,083		324,696
Liquid alternatives		108,639		6,595			(70	)		5,062			86			120,312		114,686
Alternatives subtotal		429,070		22,027			(6,279	)		4,593			(16	)		449,395		439,382
Digital assets		60,671		(3,116	)		-			(8,710	)		(6	)		48,839		61,479
Currency and commodities(4)		176,676		(254	)		-			(24,483	)		(90	)		151,849		171,774
Long-term		12,821,277		199,134			(7,194	)		1,280,500			(17,940	)		14,275,777		13,779,306
Cash management		1,073,323		(7,434	)		-			3,138			(180	)		1,068,847		1,074,690
Total	$	13,894,600	$	191,700		$	(7,194	)	$	1,283,638		$	(18,120	)	$	15,344,624	$	14,853,996

Current Quarter Component Changes by Client Type and Product Type (Long-Term)
			Net
	March 31,		inflows						Market			FX			June 30,		Average
	2026		(outflows)			Realizations(1)			change			impact(2)			2026		AUM(3)
Retail:
Equity	$	615,043	$	7,992		$	-		$	90,962		$	(249	)	$	713,748	$	679,470
Fixed income		382,823		9,325			-			5,131			790			398,069		392,520
Multi-asset		195,980		(2,336	)		-			18,052			44			211,740		206,508
Private markets		31,190		86			(238	)		(220	)		(30	)		30,788		31,233
Liquid alternatives		37,338		3,795			(7	)		777			9			41,912		39,832
Retail subtotal		1,262,374		18,862			(245	)		114,702			564			1,396,257		1,349,563
ETFs:
Equity		4,001,533		110,035			-			615,561			(4,572	)		4,722,557		4,455,626
Fixed income		1,239,025		66,388			-			4,531			(1,317	)		1,308,627		1,274,752
Multi-asset		15,086		5,552			-			1,246			(117	)		21,767		18,275
Digital assets		60,671		(3,116	)		-			(8,710	)		(6	)		48,839		61,479
Commodities		169,229		(925	)		-			(23,968	)		(56	)		144,280		164,009
ETFs subtotal		5,485,544		177,934			-			588,660			(6,068	)		6,246,070		5,974,141

BlackRock, Inc. 8-K