BlackRock's iShares Division Sees Record $132B Inflows in Q1

Firm's active ETF platform also drew in $19B globally over the quarter.

Apr. 15, 2026 at 9:30am

A dramatic close-up of gleaming, complex banking machinery and equipment, conveying the secure, powerful infrastructure of global finance and wealth management without using any text or symbols.BlackRock's robust Q1 inflows and revenue growth underscore the firm's dominance in the asset management industry as investors seek out its diverse range of specialized financial products.NYC Today

BlackRock's iShares division has reported record net inflows of $132 billion in the first quarter of 2026, a significant increase from the previous year. The world's largest asset manager also saw its revenue mix improve as investors rotated out of core US exposures and into higher-fee international and specialized products, including active ETFs, cryptocurrencies, and collateralized loan obligations (CLOs).

Why it matters

BlackRock's strong performance in the first quarter highlights the continued demand for its diverse range of investment products and services, particularly as investors seek out more specialized and higher-fee offerings. The firm's ability to attract significant inflows across its ETF, active, and private markets businesses underscores its position as a dominant player in the global asset management industry.

The details

The iShares business 'doubled net new base fees compared to a year ago, as clients rotated to our international and precision exposures,' said CEO and chairman Larry Fink. BlackRock's active ETF platform drew in $19 billion globally over the quarter, about 14% of total ETF inflows. The firm's private markets business also took in $9.1 billion over Q1 as investors sought out alternative assets amid concerns about the quality of holdings in private credit portfolios.

  • BlackRock announced its Q1 2026 earnings results on April 15, 2026.

The players

BlackRock

The world's largest asset manager, headquartered in New York City.

Larry Fink

CEO and chairman of BlackRock.

iShares

BlackRock's exchange-traded fund (ETF) division.

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What they’re saying

“Our results and growing pipeline of business show that when clients are making big decisions about their portfolios, they are choosing BlackRock. They are coming to BlackRock because we can meet them across their whole portfolio.”

— Larry Fink, CEO and Chairman

The takeaway

BlackRock's strong performance in the first quarter underscores its position as a dominant player in the global asset management industry, as investors continue to seek out its diverse range of investment products and services, particularly more specialized and higher-fee offerings.