BlackRock assets surge to $13.46 trillion amid record inflows

BlackRock assets surge to $13.46 trillion amid record inflows
BlackRock Q3 revenue jumps 25% on ETF and crypto inflows

​BlackRock, the world’s largest asset management company led by Larry Fink, has published its financial report for the third quarter ended September 30, showing revenue of $6.51 billion, up 25% year-over-year, mainly driven by a total net inflow of $205 billion.

The company stated that the growth was fueled by significant inflows into iShares ETFs, largely supported by the massive rise in cryptocurrencies, as well as by strong cash management and private market activity.

BlackRock’s quarterly results exceeded Wall Street expectations: adjusted earnings per share reached $11.55, compared to the Zacks consensus estimate of $11.19.

The firm’s organic base fee growth rose 10% year-over-year, supported by higher demand for systematic active equities, outsourced mandates, and private markets. Over the past twelve months, organic base fee growth stood at 8%.

Out of the total $205 billion in net inflows, $153 billion came from iShares ETFs, $21 billion from active strategies, and $34 billion from cash management.

Private client assets rose to $10 billion, including $4 billion from the U.S. and $6 billion internationally. Institutional active strategies brought in $22 billion, while institutional index strategies saw outflows of $14 billion.

Broad-based growth across sectors

Crypto-related inflows reached $17 billion, while equity strategies contributed $53 billion, and fixed-income strategies added $41 billion. Another $21 billion came from “precision and other” strategies.- 

Regionally, the Americas led with $110 billion, followed by the EMEA region with $64 billion, while the Asia-Pacific region saw outflows of $3 billion.

However, not all metrics improved. GAAP operating income declined 3% to $1.96 billion, and GAAP diluted EPS dropped 23% to $8.43 due to non-cash acquisition-related expenses.

As reported, on July 1, BlackRock completed its acquisition of HPS Investment Partners, adding $165 billion in client assets and $118 billion in fee-based assets. During the quarter, the company also repurchased $375 million worth of shares, increasing total shares outstanding from 149.6 million to 165.2 million, a 10% rise.

Overall, assets under management (AUM) reached $13.46 trillion, up 17% year-over-year. By asset class:

- Equities: 55% or $7.46 trillion

- Fixed income: ~25% or $3.17 trillion

- Multi-asset & cash management: ~8% each (over $1.1 trillion each)

- Alternatives: ~4% of total assets.

As we wrote, IBIT sets record as BlackRock top-earning ETF in history

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