BlackRock boosts buyback to $550M quarterly, flags record inflows

BlackRock said on its second-quarter earnings call that it raised its quarterly share repurchase run rate to at least $550 million, up from the prior pace. The firm also reported record quarterly inflows across its platform, driven by institutional demand for fixed income and private markets strategies.

Operating margin expanded to 44% in the quarter, the company said, helped by higher fee revenue and cost discipline. Management pointed to continued growth in tokenization and alternatives as key drivers of revenue mix shift.

The $550 million buyback, if sustained, would put the 2026 total near $2.2 billion, the company indicated. BlackRock did not provide an explicit full-year target but said capital return remains a priority alongside organic investment.

BlackRock carries an AlphaScore of 61, a Moderate rating. The stock added 1.2% in afternoon trading after the call.