--- canonical_url: https://www.stockexpertai.com/earnings/blk last_updated: 2026-05-03T21:15:08.876Z --- # BlackRock, Inc. (BLK) Q4 FY2026 Earnings Preview > This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-03T21:15:07.676Z. Educational tool, not investment advice. --- ## Quick Summary | Field | Value | Source | |---|---|---| | Price | $1061.68 (▼ -0.37%) | fmp:quote | | Market Cap | $164.9B | fmp:profile | | 52w range | $906.57 – $1219.94 | fmp:quote | | Earnings | Tue 21 Jul | fmp:earnings-history | | EPS estimate | $12.53 (+4% YoY) | fmp:earnings-estimate | | Revenue estimate | $6.7B | fmp:earnings-estimate | | Beat streak | 8/4 | fmp:earnings-history | | Rating | C- (overall 1/5) | fmp:ratings | | Analyst median target | $1350 (+27.2% upside) | fmp:price-target-consensus | | MoonshotScore | 70/100 | derived | | Council | 4/6 bullish | derived | | Munger verdict | Undervalued | derived | ## BlackRock, Inc. — Q4 FY2026 Expectations Q4 consensus: revenue $6.7B^{[FMP est]}, EPS $12.53^{[FMP est]}. 8 consecutive quarters of beat^{[FMP earnings]}. ## Quick Take **Score:** C- · **Stance:** BUY · **Council:** 4/6 · **Moonshot:** 70 = MoonshotScore 70^{[9-pillar formula]} + Council 4/6^{[6-lens rule]}. Form 4: 0 transactions^{[FMP Form 4]}. ## Watchlist (4 metrics) ### 1. Organic Base Fee Growth BlackRock, Inc. achieved 8% organic base fee growth in the quarter and 10% over the last twelve months. > "We generated 8% organic base fee growth in the quarter and 10% over the last twelve months." > — Martin S. Small, CFO, Investor Focus · Q1 FY2026 ### 2. Wealth Channel Growth BlackRock, Inc.’s wealth platform spans over $1 trillion in AUM, with strong relationships with private banks across the U.S., Europe, and Asia. > "BlackRock, Inc.’s wealth platform spans over $1 trillion in AUM, with global distribution across tens of thousands of financial advisers. It delivers seamlessly integrated public and private market solutions, model portfolios, and practice management capabilities." > — Laurence D. Fink, CEO, Investor Focus · Q1 FY2026 ### 3. Private Markets Momentum BlackRock, Inc. continues to see strong momentum in private markets supported by investment performance and client relationships, seeing an aggregate $9 billion of net inflows led by private credit and infrastructure. > "In private markets, we continue to see strong momentum supported by investment performance, differentiated deal flow, and the breadth of our client relationships. We saw an aggregate $9 billion of net inflows led by private credit and infrastructure and primarily driven by deployment activity." > — Martin S. Small, CFO, Investor Focus · Q1 FY2026 ### 4. Etf Net Inflows BlackRock, Inc.’s ETFs saw record first-quarter net inflows of $132 billion, led by index bond ETFs. > "Record first-quarter ETF net inflows of $132 billion were led by index bond ETFs with $41 billion of net inflows." > — Martin S. Small, CFO, Investor Focus · Q1 FY2026 ## MoonshotScore Pillars | Pillar | Score | Level | Evidence | |---|---|---|---| | Revenue Growth | 10.0 | strong | Q1 vs Q2: fast growth (+24.8%) | | Gross Margin | 8.0 | strong | Q1: very high margin (81.4%, software/cloud territory) | | Operating Leverage | 3.0 | weak | op margin very strong (34.5%, scale leverage) | | Cash Runway | 10.0 | strong | FCF very strong ($2.2B, 16.8× CapEx) | | R&D Intensity | 3.0 | weak | low R&D investment (0.0%, weak innovation) | | Price Momentum | 7.0 | strong | RSI 59.5 positive momentum, 50d above | | News Sentiment | 8.0 | strong | strong buy consensus (83%) | **Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula. ## Council (7-Lens) | Name | Stance | Context | |---|---|---| | Ray Dalio | bull | macro · target upside +27.2% | | Ken Griffin | bull | flow · 50d MA above | | Jim Simons | neutral | quant · RSI 59 | | Klarman | bull | value · target upside +27.2% | | Buffett | neutral | quality · ROE score 1/5 | | Munger | bull | valuation · target upside +27.2% | **Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr. ## Munger Lens - **Verdict:** Undervalued - **Financial Health:** Weak - **Margin of Safety:** Strong - **Interest Coverage:** Adequate - **ROIC vs WACC:** Tight **Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget. ## Technical Levels - **RSI(14):** 59.5 — yükselişte nötr — overbought sınırının altında, momentum pozitif - **50d MA:** $1010 — hisse %5.1 üstünde — kısa vadeli destek - **200d MA:** $1082 — hisse %1.9 altında — uzun vadeli baskı - **Volume (10d):** -9% ## Past Performance (4 Quarters) | Quarter | EPS Actual | EPS Estimate | Result | Reaction | |---|---|---|---|---| | Q2 FY25 | $12.05 | $10.78 | BEAT | +3.4% | | Q3 FY25 | $11.55 | $11.36 | BEAT | +0.7% | | Q4 FY25 | $13.16 | $12.24 | BEAT | +0.6% | | Q1 FY26 | $12.53 | $11.65 | +7.6% EPS | -0.6% | Q1 (April 14, 2026): EPS $12.53 vs $11.65 est^[FMP], +7.6% beat. D+1 movement: -0.6%^{[FMP D+1]}. Decline despite beat — market reacted to guidance, not numbers. ## 3 Scenarios ### Scenario A · Beat **Q4 EPS > $12.53 + CapEx discipline** Threshold: EPS > $12.53^{[FMP est]}. Target: Break above median target $1350^{[FMP target]}; high target $1393^[FMP] upper bound. ### Scenario B · In-Line **EPS ≈ $12.53 + CapEx < $130.0M** Threshold: EPS ≈ $12.53^{[FMP est]}, Q4 CapEx < $130.0M^[FMP]. Target: Consolidation in the band between current $1062^[FMP] and median $1350^[FMP]. ### Scenario C · Miss **EPS < $12.15 or CapEx ≥ $130.0M** Threshold: EPS < $12.15^{[FMP est×0.97]}. Target: Current $1062 below SMA200 $1082^[FMP], if rejection continues, $920^[derived] support activates. ## Risk Notes ### Primary segment below threshold Q1: EPS $12.53 vs $11.65 beat^[FMP], stock -0.6% D+1^[FMP]. ### Backlog concentration No RPO/backlog concentration disclosed in Q1 earnings call. ### Insider trading Form 4 data is marked in the table — this page does not generate assumptions for this stock. | Executive | Action | Amount | Date | |---|---|---|---| **Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26 ### CapEx shock Q1 CapEx $130.0M^{[FMP cashflow]}. Q1 op margin 34.5%^{[FMP op margin]} — this level in Q4 is sensitive to CapEx revision risk. ## Wall Street Consensus - **Median target:** $1350 (+27.2% upside vs current $1062) - **High / Low:** $1393 / $1200 - **Buy / Hold / Sell:** 15 / 3 / 0 - **Analyst count:** 4 (last quarter), 73 all-time ## Additional Transcript Insights ### 1. organic_base_fee_growth **Claim:** BlackRock, Inc. achieved 8% organic base fee growth in the quarter and 10% over the last twelve months. **Evidence (transcript):** "We generated 8% organic base fee growth in the quarter and 10% over the last twelve months." **Numbers:** 8%, 10% ### 2. etf_net_inflows **Claim:** BlackRock, Inc.’s ETFs saw record first-quarter net inflows of $132 billion, led by index bond ETFs. **Evidence (transcript):** "Record first-quarter ETF net inflows of $132 billion were led by index bond ETFs with $41 billion of net inflows." **Numbers:** $132 billion, $41 billion ### 3. private_markets_momentum **Claim:** BlackRock, Inc. continues to see strong momentum in private markets supported by investment performance and client relationships, seeing an aggregate $9 billion of net inflows led by private credit and infrastructure. **Evidence (transcript):** "In private markets, we continue to see strong momentum supported by investment performance, differentiated deal flow, and the breadth of our client relationships. We saw an aggregate $9 billion of net inflows led by private credit and infrastructure and primarily driven by deployment activity." **Numbers:** $9 billion ### 4. wealth_channel_growth **Claim:** BlackRock, Inc.’s wealth platform spans over $1 trillion in AUM, with strong relationships with private banks across the U.S., Europe, and Asia. **Evidence (transcript):** "BlackRock, Inc.’s wealth platform spans over $1 trillion in AUM, with global distribution across tens of thousands of financial advisers. It delivers seamlessly integrated public and private market solutions, model portfolios, and practice management capabilities." **Numbers:** $1 trillion ### 5. private_credit_aladdin **Claim:** BlackRock, Inc. is positioning Aladdin to be the language of private credit portfolios for transparency and risk analytics and believes that the combination of Preqin and eFront data represents the broadest universal available in the markets. **Evidence (transcript):** "We are positioning BlackRock, Inc. and Aladdin to be the language of private credit portfolios for transparency and risk analytics. We believe that the combination of Preqin and eFront data represents the broadest universal available in the markets." **Numbers:** — --- *Data source: FMP (live query, 2026-05-03), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*