BlackRock assets hits USD14 trillion record in Q4, profit falls
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The news: The world’s largest money manager saw its assets hit a record of USD14 trillion ($20.91 trillion) during the fourth quarter as a series of recent acquisitions cemented its presence across private markets.
The numbers: BlackRock raked in USD342 billion of inflows during the final three months of 2025, pushing its assets under management to a new record of USD14 trillion.
On a net basis, investors added USD268 billion to BlackRock’s long-term investment funds in Q4, including USD181 billion to its exchange-traded fund business which now holds USD5.5 trillion overall.
The manager reported net income of USD1.13 billion for the period, down 33% from the year prior. Revenue rose 23% to USD7 billion from the year-ago quarter.
BlackRock reported adjusted earnings of USD2.18 billion, or USD13.16 per share, for the quarter, up from USD11.93 per share the year prior.
The company said that its total haul for full year net inflows in 2025 reached USD698 billion.
The context: CEO Larry Fink said that 2026 will be BlackRock’s first full year as a unified platform following its purchase of GIP, HPS and Preqin, for which the manager spend around USD28 billion in efforts to become a private markets investing and data powerhouse.
“Around the world, clients are looking to do more across BlackRock. Our pipeline of business has broadened across products and regions, spanning public and private markets mandates, technology and data, and client channels. We’re seeing excellent fundraising activity as we work toward our goal of $400 billion in private markets fundraising by 2030”, Fink said in a statement on the results.
The sources: BlackRock earnings release, WSJ, Bloomberg, Reuters
