Research Alert: Blackrock Q1 Results Top Expectations
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BLK posted Q1 2026 adjusted EPS of $12.53 versus $11.30 and topping the $11.50 consensus, reflecting 27% revenue growth and improved operating margins of 44.5% versus 43.2%. AUM rose 20% to $13.9T with $130B net inflows despite volatile macroeconomic conditions, while technology revenue growth of 22% exceeded forecasts. We applaud BLK's strategy of supplementing organic growth with tactical acquisitions as the firm builds its fintech infrastructure presence. Management reaffirmed goals to derive 30% of revenue from private markets and technology by 2030, with $400B private fundraising targets. We view the 10% annualized organic base fee growth positively, reflecting strength across iShares, systematic active equities, and private market activities. BLK announced a 10% dividend increase and repurchased $450M in shares. We expect BLK will pursue additional bolt-on acquisitions to achieve its ambitious growth targets, though we anticipate some bumps given complicated market conditions.
