BlackRock, Inc.

Company facts

Industry

Security Brokers, Dealers & Flotation Companies

Headquarters

New York, New York

Most recent report

10-Q, filed Aug 6, 2026

Incorporated

Delaware

Filings on record

1,762+ filings

On EDGAR

CIK 2012383

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 10 sections worth reading, with 3 positive, 10 notable, and 2 negative flags.

• Legal Proceedings (Item 1)

  Results, acquisition details, contingent consideration shift, and litigation risk.
  Notable

  • HPS acquisition added $165B in client AUM and $118B in fee-paying AUM, expanding private credit.
  • After period end, $2.6B of contingent consideration will reclassify from liabilities to equity.
  Negative

  • Lawsuit by 13 state AGs alleging antitrust conspiracy to suppress coal supply; motion to dismiss largely denied.

• Unregistered Sales and Repurchases (Item 2)

  Comprehensive MD&A with detailed financials, AUM, and liquidity.
  Positive

  • Diluted EPS grew 20% to $12.19 in Q2 2026, helped by higher operating income.
  • AUM hit $15.3T, a record, up $2.8T YoY from $12.5T, with net inflows and market gains.
  • Q2 2026 revenue rose 31% to $7.1B, driven by market gains and HPS fees.
  Notable

  • Credit facility raised by $400M to $6.3B, with option for $1.4B more; leverage ratio under 1x.
  • Contingent consideration liabilities of $7.9B from GIP and HPS deals, with potential payouts in stock or Subco Units.
  • Unfunded capital commitments of $2.8B to fund sponsored products, callable on demand.
  Negative

  • Institutional index saw $41B net outflows in Q2 2026, continuing a trend of low-fee redemptions.

• Defaults on Senior Securities (Item 3)

  Quantified risk exposures and hedging positions specific to BlackRock's portfolio.
  Notable

  • Seed capital hedging notional rose to $1.9B from $1.7B at year-end, increasing hedged exposure.
  • Equity exposure $1.3B; 10% drop reduces carrying value by $125M (up from $124M).
  • Interest rate risk: $3.7B in debt securities; 100bp move changes value by $88M (up from $74M).
  • FX exposure $1.5B; 10% adverse move would cut carrying value by $155M (up from $150M).
  • Forward FX contracts notional dropped to $2.5B from $3.3B, reducing short-term hedging.

What changed: Jun 2026 vs. Mar 2026

About 10% of BLK's Jun 2026 10-Q is new information. 54 paragraphs were added, 256 changed, and 23 removed. Below are the most important lines SECSift identified.

• Item 2 134
• Item 1 102
• Item 3 7
• Item 4 1
• Item 6 1