Financial Performance - BlackRock's Assets Under Management (AUM) reached $14.0 trillion as of December 31, 2025[2] - Q4 2025 Base Fees and Securities Lending Revenue totaled $5.3 billion[2] - Q4 2025 Operating Income, as adjusted, was $2.848 billion[8] - Q4 2025 EPS, as adjusted, reached $13.16[9] Asset Flows and Growth - Total BlackRock experienced net inflows of $82 billion in Q4 2025[5] - ETFs Long-term organic asset growth rate was 12% in Q4 2025[5] - Long-term Cash organic asset growth rate was 3% in Q4 2025[5] Revenue Analysis - Base fees accounted for 73% of quarterly revenue[22] - Base fees increased by 20% year-over-year and 5% sequentially in Q4 2025[22] - Performance fees increased by 67% year-over-year and 46% sequentially in Q4 2025[22] Expense Analysis - Employee compensation & benefits increased by 28% year-over-year and 9% sequentially in Q4 2025[34]

Financial Performance - Assets Under Management (AUM) reached $12.5 trillion as of June 30, 2025[2] - Q2 2025 Base Fees and Securities Lending Revenue totaled $4.5 billion[2] - Q2 2025 Operating Income, as adjusted, was $2.099 billion[8] - Q2 2025 Net Income, as adjusted, was $1.883 billion[9] - Q2 2025 EPS, as adjusted, reached $12.05[9] Net Flows - Total BlackRock Retail Long-term net flows for Q2 2025 were $82 billion[5] - Institutional Long-term net flows for Q2 2025 were $(48) billion[5] - ETFs Long-term net flows for Q2 2025 were $85 billion[5] Revenue Breakdown - Base fees constitute 79% of the quarterly revenue[22] - Tech services & subscription revenue accounts for 9% of the quarterly revenue[22] - Securities lending revenue represents 2% of the quarterly revenue[22] Expense Breakdown - Employee compensation and benefits make up 50% of the quarterly expenses, as adjusted[33] - Sales, asset & account expenses account for 32% of the quarterly expenses, as adjusted[33] - General & administration expenses represent 18% of the quarterly expenses, as adjusted[33] Capital Management - Share repurchases for Q2 2025 amounted to $375 million[14] - Dividends per share for Q2 2025 were $5.21[16]