BlackRock Hits Record $15.3 Trillion in Assets Under Management

BlackRock became the first company to surpass $15 trillion in assets under management, reporting $15.34 trillion in its second-quarter 2026 results. The milestone was driven by a global market rally and high demand for its iShares ETF business, which now exceeds $6 trillion in AUM. The firm saw $192 billion in net new client inflows during the quarter, contributing to record first-half inflows of $321 billion.

Financial performance exceeded analyst expectations with adjusted earnings of $13.91 per share and revenue rising 31% year over year to approximately $7.1 billion. The company achieved an adjusted operating margin of 45.9%, its highest level in nearly five years. In response to this growth, BlackRock increased its 2026 share buyback plan to $2 billion, expecting to return over $5.7 billion to shareholders this year.

Chief Executive Larry Fink attributed the expansion to strong market fundamentals and the catalyst of new technology. The firm is also aggressively expanding its private markets presence through the acquisitions of HPS Investment Partners, Global Infrastructure Partners, and Preqin. BlackRock aims to raise $400 billion in gross private markets capital by 2030. Following the announcement, shares rose nearly 7%, and JPMorgan upgraded the stock to overweight with a price target of $1,364.