BlackRock, Inc. (NYSE: BLK) Q2 2025 Earnings | 07/15/2025

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BlackRock, Inc. (NYSE: BLK) reported its Q2 2025 results on July 15, 2025, showcasing strong earnings momentum, record assets under management, and solid organic growth despite some notable one-time outflows. Adjusted earnings per share reached $12.05, up 16% from the prior year and beating analyst expectations. Net income attributable to shareholders (GAAP basis) totaled $1.59 billion, or $10.19 per share, versus $1.50 billion ($9.99 per share) in Q2 2024. Total revenue rose 13% to $5.42 billion, propelled by higher base fees, growing technology services and subscription revenues, and successful integration of recent acquisitions including Global Infrastructure Partners and Preqin. Assets under management (AUM) climbed to a record $12.52 trillion, up 18% year-over-year, driven by net market appreciation, organic base fee growth of 6%, and positive foreign exchange impacts. The quarter saw long-term net inflows of $46 billion—down 9.8% year-over-year, but primarily due to a single $52 billion withdrawal by a low-fee institutional client, which BlackRock emphasized was non-recurring and not reflective of broader demand trends. Excluding this event, underlying inflows and business momentum remained robust. Notably, iShares ETFs attracted $85 billion in net new business, private markets AUM grew to $215 billion, and technology services revenue advanced 26%, with Preqin’s acquisition now fully reflected in the results. Operating income on an adjusted basis was $2.1 billion, up 12% over last year, while operating expenses also increased due to higher compensation, acquisition-related costs, and ongoing investments in technology and talent. Management continued its disciplined capital return strategy, repurchasing $375 million in stock and paying regular dividends. CEO Larry Fink highlighted the firm’s acceleration in integrating public and private markets, strategic investments in technology, and continued momentum across both active and index management. Outlook: Management expects AUM to remain at record levels as favorable equity markets and steady inflows continue into H2 2025. Ongoing focus on private market expansion, technology platform growth, and maintaining strong organic base fee growth. Expense discipline and capital allocation remain key, with further integration of recent acquisitions (HPS Investment Partners) and tech-driven solutions expected to contribute to future growth. BlackRock maintains its leadership in both index and active strategies, with positive long-term demand from institutional and retail clients. About Inside Ticker: For more expert analysis and real-time updates on BlackRock, Inc. (NYSE: BLK) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #BlackRock #BLK #Q22025 #Earnings #AUM #FinancialResults #ETF #GlobalMarkets #AssetManagement #NetIncome #RevenueGrowth #PrivateMarkets #iShares #TechnologyServices #Dividends #StockMarket #Investing #InsideTicker #CapitalAllocation #Acquisitions #Q2Results #MarketLeadership #Guidance #ShareholderReturns #BusinessUpdate #OrganicGrowth #PublicMarkets #Preqin #HPS #PortfolioInnovation