Summary
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.
Financial Highlights
43 data points| Revenue | $24.22B |
| Operating Expenses | $17.17B |
| Operating Income | $7.04B |
| Net Income | $5.55B |
| EPS (Basic) | $35.83 |
| EPS (Diluted) | $35.31 |
| Shares Outstanding (Basic) | 154.98M |
| Shares Outstanding (Diluted) | 160.87M |
Key Highlights
- 1Assets Under Management (AUM) grew to $14.0 trillion, reflecting a 10% CAGR over the past five years.
- 2Total revenue increased 19% year-over-year to $24.2 billion, driven by higher investment advisory fees and technology services revenue.
- 3Significant net inflows of $698 billion were recorded across the platform, with notable strength in ETFs ($527 billion) and private markets.
- 4Key acquisitions, including HPS Investment Partners and Preqin, were successfully integrated, bolstering credit and private markets data capabilities.
- 5Technology services and subscription revenue grew 16% organically, with Annual Contract Value (ACV) increasing significantly.
- 6BlackRock's diversified business model across active, index, private markets, and cash management strategies continues to perform well.
- 7The company remains focused on strategic growth areas including ETFs, private markets, sustainable investing, and whole portfolio solutions.