Prime Highlights
- BlackRock assets under management rose to an all-time high $12.5 trillion in Q2 2025.
- The steep increase was driven by a supportive equity market, ETF growth, and private market growth.
Key Fact
- Long-term net inflows fell 9.8% versus last year to $46 billion.
- The departure of one big institutional client with $52 billion affected overall flow numbers.
Key Background
BlackRock reported it had a record $12.53 trillion assets under management in the second quarter of 2025, a gigantic boost from $10.65 trillion in the second quarter last year. The record high is a testament to the company’s robust stand in the context of a favorable market environment with double-digit returns being registered across global equity markets fueled by favorable investor sentiment and interest rate cut expectations.
In spite of the record AUM, BlackRock struggled with long-term net flows, which were $46 billion—down by almost 10% from a year ago. A lot of that decline was due to a withdrawal of $52 billion by one institutional investor and a skewed performance of the firm in that category. However, strong money market and ETF flows were sufficient to sustain overall net inflows at $68 billion.
The company’s private higher-margin market strategy continued on a growth path. BlackRock recorded $6.82 billion of private market inflows and finalized the acquisition of HPS Investment Partners, adding AUM of $165 billion. This is part of the company’s long-term plan to diversify revenues in private credit, infrastructure, and alternative assets. Technology services revenue grew 26.3% with help from the acquisition of data analytics company Preqin.
Financially, the giant asset manager posted strong numbers. Revenue was $5.42 billion against $4.81 billion for the corresponding period last year. Adjusted net profit was $1.88 billion or $12.05 a share against $1.55 billion ($10.36 a share) before. Performance fees fell to $94 million against $164 million due to weaker asset outperformance.
BlackRock’s CEO was upbeat about the company’s growth rate, particularly as it enters what historically is its strongest quarter seasonally. With leadership positions in public and private investment solutions, BlackRock stands to continue to lead the global asset management industry.
Read More: Chioma Deere Named a “Woman of Impact” by ICABA for Excellence in Law and Community Leadership