The earnings call indicates a strong performance with record AUM, significant growth in key financial metrics, and successful expansions in digital assets and private markets. However, the positive performance was somewhat offset by significant institutional index redemptions, a decline in performance fees, and increased expenses impacting operating margins.

Company Guidance -

Q3 2025

In the second quarter of 2025, BlackRock reported significant financial achievements, including record assets under management (AUM) of $12.5 trillion and net inflows of $68 billion, excluding $48 billion of low-fee institutional index outflows. The firm delivered 6% organic base fee growth, marking the fourth consecutive quarter of over 5% growth, with revenue rising 13% year-over-year to $5.4 billion. Operating income increased by 12% to $2.1 billion, and earnings per share (EPS) rose 16% to $12.05. Notably, BlackRock's acquisitions, including HPS Investment Partners, added $165 billion in client AUM, with HPS expected to contribute $450 million in revenue in Q3. The firm's as-adjusted tax rate was approximately 25%, and it achieved $94 million in performance fees, despite a decrease from the previous year. BlackRock's strategic focus on private markets and technology aims for 30% revenue contribution by 2030, with significant progress demonstrated by the $25 billion GIP V fund and continued growth in digital assets, active ETFs, and systematic strategies.

Record Assets Under Management (AUM)

BlackRock finished the second quarter with a record AUM of $12.5 trillion, indicating strong growth and market positioning.

Double-Digit Growth in Key Financial Metrics

BlackRock achieved double-digit year-over-year growth in revenue, operating income, and earnings per share, with EPS up 16% to $12.05.

Strong Organic Growth

The company posted 6% organic base fee growth in the second quarter, marking the fourth consecutive quarter of 5% or higher growth.

Successful Fundraising in Private Markets

GIP V closed above its $25 billion target, marking the largest private market fundraise in BlackRock’s and GIP’s histories.

Expansion into Digital Assets

BlackRock's digital asset ETPs and active ETFs added $14 billion and $11 billion in net inflows, respectively, showcasing strong demand and innovation in this sector.

Significant Net Inflows

Excluding low-fee institutional index outflows, BlackRock delivered approximately $116 billion of net inflows in the quarter.

Acquisition of HPS Investment Partners

The acquisition of HPS added $165 billion of client AUM and is expected to contribute approximately $450 million in revenue.

Blackrock (BLK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BLK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 10, 2025	2025 (Q3)	11.69 / -	11.46	―	―	―
Jul 15, 2025	2025 (Q2)	10.78 / 12.05	10.36	16.31% (+1.69)
Apr 11, 2025	2025 (Q1)	10.08 / 11.30	9.81	15.19% (+1.49)
Jan 15, 2025	2024 (Q4)	11.27 / 11.93	9.66	23.50% (+2.27)
Oct 11, 2024	2024 (Q3)	10.45 / 11.46	10.91	5.04% (+0.55)
Jul 15, 2024	2024 (Q2)	9.96 / 10.36	9.28	11.64% (+1.08)
Apr 12, 2024	2024 (Q1)	9.40 / 9.81	7.93	23.71% (+1.88)
Jan 12, 2024	2023 (Q4)	8.88 / 9.66	8.93	8.17% (+0.73)
Oct 13, 2023	2023 (Q3)	8.34 / 10.91	9.55	14.24% (+1.36)
Jul 14, 2023	2023 (Q2)	8.52 / 9.28	7.36	26.09% (+1.92)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BLK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 15, 2025	$1111.46	$1046.16	-5.88%
Apr 11, 2025	$854.26	$874.15	+2.33%
Jan 15, 2025	$952.89	$1002.37	+5.19%
Oct 11, 2024	$940.74	$974.87	+3.63%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.