BLK 10-K Annual Reports

BlackRock, Inc. (BLK) reported robust growth in its 2025 fiscal year, with total Assets Under Management (AUM) reaching $14.0 trillion, a 10% compound annual growth rate over the last five years. This growth was fueled by a combination of strong net inflows across various asset classes, particularly in ETFs and private markets, and strategic acquisitions, including HPS Investment Partners (HPS) and Preqin. The company demonstrated solid financial performance, with GAAP revenue increasing by 19% year-over-year to $24.2 billion, driven by higher investment advisory fees and increased technology services and subscription revenue. Operationally, BlackRock's diversification across product types, client segments, and geographies has proven effective. The company highlights its commitment to technology, with Aladdin remaining a core strength, and its strategic expansion into private markets and digital assets. Despite a challenging regulatory and market environment, BlackRock maintains a strong financial position, supported by consistent organic growth, strategic acquisitions, and disciplined expense management. The company remains focused on delivering long-term value to shareholders and adapting to evolving client needs and market dynamics.

BlackRock, Inc. concluded the fiscal year 2024 with robust growth, reporting total revenue of $20.4 billion, a 14% increase year-over-year, and diluted earnings per share of $42.01. Assets under management (AUM) reached a record $11.6 trillion, driven by strong net inflows of $641 billion and strategic acquisitions, most notably the Global Infrastructure Partners (GIP) transaction. The company demonstrated significant operational improvement, with operating income rising by 21% to $7.6 billion and operating margin expanding by 200 basis points to 37.1% on a GAAP basis. These results were bolstered by strong performance across all business segments, including investment advisory, technology services (particularly Aladdin), and performance fees, which saw a substantial increase. BlackRock continues to prioritize long-term growth through strategic investments in private markets and technology, evidenced by the planned acquisitions of Preqin and HPS Investment Partners, which are expected to further enhance its alternative asset capabilities and data offerings. The company also saw substantial inflows into its iShares ETFs, including notable traction in cryptocurrency ETPs, and a strong showing in multi-asset and fixed-income strategies, indicating broad client demand across its diversified product suite.