Black Rock surges 7%, assets under management exceed $15 trillion
Special topic: Focus on the second quarter financial report of US stocks in 2026 (BLK) Assets under management (AUM) topped the $15 trillion mark in the second quarter, benefiting from strong investor demand for its exchange-traded fund (ETF) products. BlackRock shares jumped 7% on Wednesday following the earnings release. This quarter, the company's net inflow of new customers was US$192 billion, of which actively managed funds absorbed US$530 billion of new funds, directly pushing total assets under management to cross the US$15 trillion mark. Net capital inflows hit a record high in the first half of the year, totaling $321 billion. According to Bloomberg data, long-term investment funds saw a net inflow of US$199 billion, exceeding analysts’ expectations of US$170 billion; its ETF business saw a net inflow of US$178 billion. Cash and money market funds saw net outflows of $7 billion. CEO Larry Fink said in a statement: "The market fundamentals are solid and supportive. New technologies have driven profit margins to rise, and corporate profits continue to improve." On March 10, 2026, in Washington, DC, BlackRock CEO Larry Fink was a guest on the Fox News Washington branch program "Special Report." In addition to its public secondary market business, BlackRock also occupies an important position in the field of private equity assets. Over the past year, firms have made a major push to incorporate private markets and alternative assets into retirement investment portfolios. Liquid alternative assets and private equity assets combined saw net inflows of $22 billion in the quarter. On the profit side, adjusted earnings per share rose 15% year-on-year to $13.91 in the quarter, which was higher than market expectations of $12.66. BlackRock announced that relying on its strong operating conditions, it will increase the size of its share repurchases to US$2 billion in 2026. The core indicator supporting this outstanding performance is the 8% year-on-year increase in native basic management fees. Customers continue to allocate high-rate funds and projects, driving up this income. This is the eighth consecutive quarter that the indicator has grown at 5% or above, according to Bloomberg data. Fink said: "The more customers we help to participate in the market, the stronger our own growth momentum will be - the growth rate of our native business will increase, our profits will continue to grow, and we will create more value for shareholders. Our development momentum is constantly accelerating."