BlackRock (BLK) reported $2.2 billion in net income for Q1 2026, a 17% jump from a year earlier, as its Bitcoin (BTC) ETF business helped drive $130 billion in total inflows during the quarter.
BlackRock Q1 Earnings
The world's largest asset manager released its first-quarter results on Apr. 14, showing total assets under management of $13.9 trillion, up roughly 20% from $11.6 trillion a year ago.
Revenue rose 27% year over year to $6.7 billion, while adjusted diluted earnings per share hit $12.53, up from $11.30 in Q1 2025.
The iShares Bitcoin Trust (IBIT) ETF contributed to the quarter's inflows alongside active and private markets products.
Laurence D. Fink, BlackRock's chairman and CEO, pointed to broad strength across divisions. "Active equity is a growth area at BlackRock, driving $3 billion of net inflows," Fink said. He added that private markets brought in $9 billion, led by private credit and infrastructure.
The results came despite a turbulent stretch for the firm. In early March, BlackRock capped redemptions at its $26 billion HPS Corporate Lending Fund after investors requested roughly $1.2 billion in withdrawals. The move triggered a drop of more than 7% in its share price.
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Fink's Outlook
Fink described the quarter as "one of the strongest starts to a year in our history." He added, "Our results tell more than one quarter's story."
The broader spot Bitcoin ETF market saw $291 million in net outflows on Apr. 13, according to industry data. IBIT, however, recorded $34.7 million in inflows that same day, underscoring continued demand for BlackRock's crypto product even amid wider pullbacks.
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