BlackRock reported $15.5tn in assets and $205bn quarterly inflows, but the 2026 results distinguish recurring organic base-fee growth from market performance, acquisitions, noncash adjustments and EPS.
MSCI’s linked ETF assets grew faster than related revenue in both the quarter and nine-month period. Q3 growth was predominantly flow-led, but lower average basis-point fees reduced the implied revenue yield per dollar.