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BlackRock reported record assets under management of USD 14 trillion in the fourth quarter, driven by a market rally and strong inflows into equity, fixed-income, and private market products. Quarterly profit surpassed Wall Street expectations, rising to USD 2.18 billion or USD 13.16 per share, supported by higher fee income and performance from private markets. Long-term net inflows reached USD 267.8 billion, with ETFs remaining a key growth driver. The company increased dividends and expanded share buybacks, reflecting its strategy to diversify revenue through private markets, infrastructure, and AI-linked assets.
BlackRock, the world's largest asset manager, saw its assets under management climb to a record USD 14 trillion after markets rallied in the fourth quarter. The company's quarterly profit also exceeded Wall Street expectations, supported by higher fee income and strong inflows into its investment products. Advertisement
Shares of BlackRock rose over 4% following the announcement. The company increased its quarterly dividend by 10% and expanded its share buyback program. Equity inflows reached USD 126.05 billion, slightly lower than a year ago, while fixed-income products attracted USD 83.77 billion. Overall, long-term net inflows were around USD 267.8 billion for the quarter, contributing to a record USD 698.3 billion of net inflows for the full year, driven largely by the firm's iShares ETF business.
The firm's performance fees jumped 67% to USD 754 million, reflecting higher revenue from private markets. BlackRock has been increasing its focus on private markets, real estate, and infrastructure, with a particular emphasis on AI-linked assets such as data centers and power infrastructure. Its private markets division attracted USD 12.7 billion in inflows during the quarter. The company aims to raise USD 400 billion cumulatively in private markets by 2030 and plans to include private assets in retirement plans.
Net profit, excluding one-time charges, rose to USD 2.18 billion, or USD 13.16 per share, compared with USD 1.87 billion, or USD 11.93 per share, a year earlier. Total revenue increased to USD 7 billion from USD 5.68 billion, surpassing analyst expectations of USD 6.69 billion. Expenses also rose to USD 5.35 billion from USD 3.6 billion the previous year. CEO Larry Fink said the company enters 2026 with strong momentum across its platform, noting the record inflows and growth in net assets.
The results highlight BlackRock's ongoing strategy to diversify revenue beyond traditional public markets. By expanding into private markets and higher-fee investments, the firm is focusing on stable, long-term revenue streams while continuing to serve investors seeking low-cost, diversified exposure through ETFs.
Source Reuters
5th Jun, 2025
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