Here's What to Expect From BlackRock’s Next Earnings Report

New York-based BlackRock, Inc. (BLK) is a publicly owned investment manager that provides investment management services to institutional clients and retail investors. With a market cap of $165.9 billion, the company offers investment, advisory, and risk management services. The global investment manager is expected to announce its fiscal third-quarter earnings for 2026 in the near future.

Ahead of the event, analysts expect BlackRock to report a profit of $14.19 per share on a diluted basis, up 22.9% from $11.55 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.

For the full year, analysts expect BlackRock to report EPS of $55.90, up 16.2% from $48.09 in fiscal 2025. Its EPS is expected to rise 15.8% year over year to $64.72 in fiscal 2027. 

BLK stock has underperformed the S&P 500 Index’s ($SPX) 15.7% gains over the past 52 weeks, with shares down 7.4% during this period. Similarly, it underperformed the State Street Financial Select Sector SPDR ETF’s (XLF) marginal gains over the same time frame.

BlackRock has underperformed the broader market due to asset management fee compression, persistent sticky inflation that drove capital toward cash-equivalent instruments, and elevated operating expenses amid volatile market conditions. Additionally, regulatory scrutiny surrounding its market size and ongoing political debate over its ESG initiatives have squeezed margins and weighed on sentiment.   

On Jul. 15, BLK shares closed up by 6.6% after reporting its Q2 results. Its revenue stood at $7.1 billion, up 30.6% year over year. The company’s EPS increased 19.6% from the year-ago quarter to $12.19.

Analysts’ consensus opinion on BLK stock is bullish, with a “Strong Buy” rating overall. Out of 18 analysts covering the stock, 13 advise a “Strong Buy” rating, two suggest a “Moderate Buy,” three give a “Hold.” BLK’s average analyst price target is $1,317.94, indicating a notable potential upside of 23% from the current levels.