BlackRock now manages assets equal to half the size of the U.S. economy after 15% growth

By Steve Goldstein

Chairman and CEO Larry Fink presides over BlackRock, which has nearly $15.5 trillion in assets under management.

Fund-management giant BlackRock said Wednesday that its assets under management reached nearly $15.5 trillion after growing by 15%.

BlackRock reported $205 billion in net inflows and said its third-quarter adjusted earnings per share jumped 38% to $15.93, as revenue rose 19% to $7.75 billion.

Analysts polled by FactSet expected earnings of $14.32 per share on revenue of $7.42 billion. The assets under management of $15.49 trillion - basically, half of U.S. gross domestic product of $31.1 trillion annualized in the third quarter - narrowly missed expectations of $15.52 trillion.

Most of the inflows, $135 billion in all, came to its iShares line of typically low-cost exchange-traded funds.

"We're entering our seasonally strongest fourth quarter with accelerating momentum, and a broad pipeline spanning whole portfolio, private markets, retirement, and our international platforms," chairman and CEO Larry Fink said in a statement.

BlackRock shares (BLK) rose 0.7% on Wednesday. The stock has languished all year, down 0.3% in 2026.

"The range of flows is impressive across the board and based on management's comments, momentum seems to be building into year-end," said analysts at Goldman Sachs led by Alexander Blostein.

The analysts estimated BlackRock's operating margins, excluding performance fees, to have reached 49%, about 2 percentage points higher than last year.

-Steve Goldstein

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10-14-26 1657ET