BlackRock maintains strong momentum despite major client redemption, boosts AUM to $12.5 trillion
BlackRock Inc. (NYSE: BLK) on Wednesday reported robust second-quarter earnings and declared a quarterly cash dividend of $5.21 per share, payable on September 23, 2025, to shareholders of record as of September 5, 2025.
The world’s largest asset manager posted diluted EPS of $10.19, or $12.05 on an adjusted basis, for the quarter ended June 30, 2025. Revenue rose 13% year-over-year, driven by strong market performance, organic base fee growth, and increased technology services and subscription income.
Adjusted operating income climbed 12%, while GAAP operating income dipped 4%, reflecting noncash acquisition-related expenses.
Despite a $52 billion redemption from a single institutional client, BlackRock recorded $68 billion in quarterly net inflows, contributing to $152 billion in year-to-date inflows, led by record demand for iShares ETFs, private markets, and cash strategies.
Assets under management (AUM) hit a new high of $12.5 trillion, bolstered by the July 1 acquisition of HPS Investment Partners, which added $165 billion in client AUM and $118 billion in fee-paying AUM2. The firm also repurchased $375 million in shares during the quarter.
Chairman and CEO Laurence D. Fink emphasized BlackRock’s evolving “whole portfolio” approach, integrating public and private markets with technology. He highlighted the firm’s 6% organic base fee growth in Q2 and the successful $25.2 billion fundraising for GIP’s fifth flagship infrastructure fund.
Fink added, “These are just the early days in our next phase of even stronger growth,” citing expanding global investor interest, digital asset offerings, and the launch of new funds in India through the Jio BlackRock joint venture.