BlackRock (BLK) Q2 2026 Earnings Call Transcript

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DATE

Wednesday, July 15, 2026 astatine 7:30 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer - Laurence D. Fink

• Chief Financial Officer - Martin S. Small

• President - Robert S. Kapito

• General Counsel - Christopher J. Meade

Full Conference Call Transcript

Operator: Good morning. My sanction is Shelley, and I volition beryllium your league facilitator today. At this time, I would similar to invited everyone to the BlackRock, Inc. 2nd 4th 2026 net teleconference. Our big for today's telephone volition beryllium Chairman and Chief Executive Officer, Laurence D. Fink, Chief Financial Officer, Martin S. Small, President, Robert S. Kapito, and General Counsel, Christopher J. Meade. All lines person been placed connected mute to forestall immoderate inheritance noise. After the speaker's remarks, determination volition beryllium a question and reply period. If you would similar to inquire a question during this time, simply property prima past the fig 1 connected your telephone keypad.

If you would similar to retreat your question, delight property prima two. Thank you and Mr. Meade, you whitethorn statesman your conference.

Christopher Meade: Good morning, everyone. I'm Chris Meade, the General Counsel of BlackRock. Before we begin, I'd similar to punctual you that during the people of this call, we whitethorn marque a fig of forward-looking statements. We telephone your attraction to the information that BlackRock's existent results may, of course, disagree from these statements. As you know, BlackRock has filed reports with the SEC, which lists immoderate of the factors that whitethorn origin the results of BlackRock to disagree materially from what we accidental today. BlackRock assumes nary work and does not undertake to update immoderate forward-looking statements. With that, I'll crook it implicit to Martin.

Martin Small: Thanks, Chris. Good morning, everyone. It's my pleasance to contiguous results for the 2nd 4th of 2026. Before I crook it implicit to Larry, I'll reappraisal our fiscal show and concern results. Our net merchandise discloses some GAAP and arsenic adjusted fiscal results. A reconciliation betwixt GAAP and our arsenic adjusted results has been included successful the tables attached to today's property release. I'll beryllium focusing chiefly connected our arsenic adjusted results. BlackRock's grounds nett inflows and integrated basal fees successful the archetypal fractional of 2026 are vivid impervious points of a steadfast astatine the halfway of mega trends shaping the concern scenery crossed nationalist markets, backstage markets, and technology.

Wealth managers and institutions each implicit the satellite are increasing with BlackRock consistently done marketplace cycles, from ETF exemplary portfolios to personalized SMAs, to systematic and income-focused strategies, and successful infrastructure and backstage credit. With $868 cardinal of nett inflows and 10% integrated basal interest maturation implicit the past 12 months, our results show that BlackRock is the full portfolio all-weather strategical spouse that helps clients look past short-term uncertainties and towards semipermanent growth. We make and we link clients to the immense opportunities successful artificial quality and integer and carnal infrastructure. We assistance them presumption for occurrence successful generational changes to benchmarks and equity marketplace structure. We're driving expanded capitalist entree to superior markets and integer assets.