BlackRock, Inc. Reports Robust Q1 2025 Results Amid Global Uncertainty

BlackRock, Inc. (NYSE: BLK 0.00%↑ ), the world’s largest asset manager, announced its first-quarter 2025 earnings on April 11, showcasing resilience and strategic growth despite a volatile global market environment. The company reported a 12% year-over-year revenue increase to $5.3 billion, a 14% rise in operating income to $2 billion, and a 15% increase in as-adjusted earnings per share (EPS) to $11.30. These results underscore BlackRock’s ability to navigate economic uncertainty while capitalizing on secular growth trends in private markets, ETFs, and technology.

Financial Performance Highlights

BlackRock’s Q1 2025 performance was marked by strong organic growth and operational efficiency. The company achieved a 6% organic base fee growth, surpassing its target and marking its best start to a year since 2021. This growth was driven by client demand for private markets, strategic ETFs, and systematic strategies, bolstered by recent acquisitions like Global Infrastructure Partners (GIP) and Preqin.

• Assets Under Management (AUM): BlackRock’s AUM reached a record $11.6 trillion, with $670 billion in new assets over the past 12 months, 60% of which was organic. Q1 saw $84 billion in net inflows, or $140 billion excluding $55 billion in low-fee institutional index redemptions.

• Revenue Growth: Revenue rose 12% to $5.3 billion, fueled by organic growth, higher AUM, and contributions from GIP ($285 million in base fees) and Preqin ($20 million in technology revenue).

• Operating Margin: The as-adjusted operating margin expanded by 100 basis points to 43.2%, reflecting strong revenue growth and disciplined expense management.

• Earnings Per Share: As-adjusted EPS increased 15% to $11.30, despite a higher share count from the GIP transaction and lower nonoperating income.

Technology services and subscription revenue grew 16% year-over-year, driven by demand for BlackRock’s Aladdin platform and Preqin’s data capabilities. Annual contract value (ACV) surged 30%, including Preqin, with 14% organic growth, signaling robust long-term demand for BlackRock’s technology offerings.