BlackRock (NYSE: BLK) reported fourth-quarter results that exceeded Wall Street expectations, sending shares more than 2% higher in pre-market trading on Thursday.
The world’s largest asset manager posted adjusted earnings per share of $13.16, topping analyst estimates of $12.44, while revenue reached $7.0 billion, ahead of the consensus forecast of $6.75 billion.
Assets under management climbed to $14 trillion during the quarter, driven by record net inflows of $342 billion. For the full year, net inflows totaled $698 billion, underscoring broad-based demand across the firm’s investment offerings.
The quarter was highlighted by 12% annualized organic base fee growth, reflecting strength across iShares exchange-traded funds, systematic active equities, private markets, outsourcing solutions, and cash management. Quarterly revenue rose 23% compared with the same period a year earlier.
For full-year 2025, BlackRock reported adjusted earnings per share of $48.09, while total revenue increased 19% to $24.22 billion. The company’s board approved a 10% increase in the quarterly cash dividend to $5.73 per share and authorized an additional 7 million shares for repurchase.
