BlackRock stock carries strong Q2 growth into October results
📈 BlackRock delivered Q2 2026 revenue of USD 7.08 billion, marking a 30.60 percent year-over-year increase.
💰 The company reported quarterly earnings per share of USD 13.91, beating the consensus estimate of USD 12.69 by USD 1.22.
📉 Morgan Stanley lowered its price target to USD 1,479.00 on September 25 while maintaining an Overweight rating.
🎯 The broader analyst consensus average 12-month price target stands at USD 1,322.75 as of September 24.
📅 BlackRock is scheduled to release Q3 2026 results on October 13, 2026, before the market opens.
🏢 The company operates across mutual funds, ETFs, separately managed accounts, and alternative investments.
💵 BlackRock's market capitalization was USD 174.1 billion as of September 28, 2026.
Bullish Signals
- BlackRock achieved a substantial 30.60 percent year-over-year revenue growth in Q2 2026, reaching USD 7.08 billion.
- The company beat earnings expectations with USD 13.91 per share compared to the USD 12.69 consensus estimate.
- Revenue of USD 7.08 billion exceeded the analyst estimate of USD 6.73 billion, indicating strong top-line performance.
Risk Factors
- Morgan Stanley reduced its price target by USD 9.00 to USD 1,479.00 on September 25, citing a counterweight to the recent earnings beat.
- Analyst expectations remain dispersed with a wide range between a low of USD 1,190.00 and a high of USD 1,479.00.
Full Analysis
BlackRock Inc. reported robust second-quarter 2026 financial results, delivering revenue of USD 7.08 billion, which represents a significant 30.60 percent year-over-year increase. The company also posted quarterly earnings per share of USD 13.91, surpassing the market consensus estimate of USD 12.69 by USD 1.22. These figures were officially reported on July 15, 2026, and highlighted strong operating momentum across its diverse business lines including mutual funds, ETFs, and alternative investments.
Analyst reactions to the earnings beat have been mixed but generally positive regarding the company's trajectory. Morgan Stanley maintained an Overweight rating but lowered its price target from USD 1,488.00 to USD 1,479.00 on September 25, citing a counterweight to the strong quarterly comparison. Despite this specific adjustment, the broader analyst community maintains an average 12-month price target of USD 1,322.75 based on data from September 24, 2026.
BlackRock is preparing to report its third-quarter 2026 results on October 13, 2026, before the market opens. Investors will be closely watching this upcoming report to determine if the impressive 30.60 percent revenue growth from the second quarter can be sustained into the next reporting period. The company currently holds a market capitalization of USD 174.1 billion as of late September 2026.
