BLK
BlackRock, Inc.1068.14
-14.02-1.3%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
165.72BP/E (TTM)
27.47Basic EPS (TTM)
38.88Dividend Yield
0.02%Recent Filings
8-K
Record inflows boost AUM
BlackRock posted $205 billion in quarterly net inflows, a record for iShares ETFs, driving AUM to $13.5 trillion and 10% organic base fee growth. Revenue surged 25% year-over-year to $6.5 billion, fueled by market gains and HPS acquisition fees, yet GAAP operating income dipped 3% from noncash costs. Adjusted EPS climbed 1% to $11.55. Inflows diversified across private markets and cash, but integration risks loom.
10-Q
Q2 FY2025 results
BlackRock's Q2 revenue climbed 13% year-over-year to $5.4 billion, fueled by 15% growth in base fees from market gains and the GIP acquisition, while technology services jumped 26% thanks to Preqin integration. Operating income dipped to $1.7 billion amid $687 million higher expenses, including $137 million in intangible amortization and a $39 million restructuring charge, squeezing margins to 31.9%. Diluted EPS rose 2% to $10.19, supported by $521 million in nonoperating gains, though net income trailed YTD figures by 3% at $3.1 billion due to acquisition costs. Cash fell to $9.5 billion after $3.1 billion for Preqin, with $12.8 billion in long-term debt and $5.9 billion revolver availability. The GIP deal closed October 2024 for $12.9 billion (cash/stock/contingent), adding $10.3 billion goodwill and $2.7 billion finite-lived intangibles over 8-14 years. Yet competition in asset management intensifies pricing pressures.
8-K
BlackRock Q2 inflows surge
BlackRock reported Q2 2025 revenue up 13% to $5.4 billion, driven by 6% organic base fee growth and market gains, yet tempered by a $52 billion institutional redemption. AUM hit a record $12.5 trillion with $68 billion in net inflows, boosted by record iShares ETF flows; the HPS acquisition closed July 1, adding $118 billion in fee-paying AUM. Adjusted EPS climbed 16% to $12.05, signaling resilient expansion amid acquisition costs. Integration challenges loom.
8-K
BlackRock seals HPS deal
BlackRock completed its acquisition of HPS Investment Partners on July 1, 2025, integrating the global credit manager's $157 billion in assets under management as of March 31, 2025. This bolsters BlackRock's private credit franchise to $190 billion, launching Private Financing Solutions to blend public and private offerings amid accelerating market convergence. Up to 13.8 million additional shares may issue if milestones hit. Integration risks loom large.
8-K
Shareholders back BlackRock board
BlackRock's shareholders overwhelmingly elected all 18 director nominees at the May 15, 2025 Annual Meeting, with votes exceeding 120 million for each. They approved executive compensation in a non-binding vote and ratified Deloitte & Touche as auditors for fiscal 2025, while rejecting two shareholder proposals on stakeholder capitalism risks and board election reforms. Strong support signals board stability. Shareholder proposals failed decisively.
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