BlackRock, Inc. (NYSE:BLK) on Tuesday reported first-quarter fiscal 2026 results that topped Wall Street expectations, driven by strong asset growth and higher fee income.

Revenue rose 27% year over year to $6.70 billion, exceeding the consensus estimate of $6.46 billion. Adjusted operating income increased 31% to $2.70 billion. Adjusted earnings per share came in at $12.53, up 11% from a year earlier and above estimates of $11.62.

Revenue and Profit Breakdown

Investment advisory, administration fees, and securities lending revenue climbed to $5.44 billion from $4.40 billion a year ago. Growth was supported by an 8% increase in organic base fees, the strongest first-quarter performance in five years, along with favorable market effects on average assets under management and about $230 million in ...