BlackRock NYSE:BLK rose 4.74% in premarket trading after reporting second-quarter net inflows of $192 billion that lifted assets under management to a record $15.3 trillion, beating Wall Street forecasts. The world's largest asset manager grew revenue 31% from a year earlier to $7.1 billion, with net income up 20% to $1.9 billion and GAAP diluted earnings of $12.19 a share, or $13.91 adjusted.
The quarter rode a rally in global equities that inflated asset values across the industry. BlackRock's adjusted operating margin reached 45.9%, the highest in nearly five years, and iShares crossed $6 trillion in AUM, roughly doubling in three years. The firm lifted its planned 2026 share repurchases to $2 billion.
CEO Laurence Fink framed the result as a structural shift. "Our momentum is accelerating, and I've never been more optimistic about the growth ahead," he said, pointing to 8% organic base fee growth and 15% growth in technology and subscription contract value as clients lean harder on the firm's Aladdin platform.