BlackRock Inc (NYSE:BLK) shares added more than 4% on Tuesday after the asset manager reported first quarter 2026 results that exceeded analyst expectations, driven by strong inflows, higher technology-related revenue, and continued expansion in fee-generating assets.
The asset manager reported adjusted earnings per share of $12.53, compared with a consensus estimate of about $12.40.
Revenue totaled approximately $6.7 billion for the quarter, exceeding analyst forecasts of around $6.56 billion.
Assets under management were $13.89 trillion, supported by $130 billion in net inflows during the quarter and $744 billion over the past twelve months. Growth was broad-based across the platform, with notable contributions from exchange-traded funds, active strategies, and private markets.
A key driver of performance was the iShares ETF franchise, which delivered record quarterly inflows of approximately $132 billion. Private markets strategies also contributed $9 billion in inflows, led by private credit and infrastructure, while systematic active strategies and equity products added further momentum.
Technology services continued to be a high-growth segment, with revenue rising 22% year-over-year. The firm highlighted ongoing demand for its Aladdin platform as well as contributions from recent acquisitions, including Preqin.
BlackRock CEO Laurence Fink said the results reflected strong client engagement across markets and asset classes, noting continued demand for integrated investment and technology solutions.
“Our results tell more than one quarter’s story. They reflect a business with accelerating momentum, deep client engagement, and a platform built to compound across market environments,” Fink said.
The company also returned capital to shareholders during the quarter through $450 million in share repurchases and a 10% increase in its quarterly dividend to $5.73 per share.