BlackRock, Inc. reported significant financial results for the second quarter of 2025, with total revenue reaching $5.423 billion, a 13% increase from $4.805 billion in the same period last year. For the first half of 2025, revenue totaled $10.699 billion, up from $9.533 billion in the prior year. The growth was primarily driven by higher investment advisory and administration fees, which rose to $4.454 billion from $3.875 billion year-over-year, alongside increased technology services and subscription revenue. However, net income attributable to BlackRock increased modestly to $1.593 billion, or $10.19 per diluted share, compared to $1.495 billion, or $9.99 per diluted share, in the previous year.
The company experienced a notable increase in total assets, which rose to $146.470 billion as of June 30, 2025, compared to $138.615 billion at the end of 2024. This growth was attributed to a combination of market appreciation and net inflows, particularly in equity and fixed income products. BlackRock's assets under management (AUM) reached $12.528 trillion, reflecting a $976 billion increase from the previous quarter, driven by strong net inflows of $129 billion and favorable foreign exchange impacts.
Strategically, BlackRock completed the acquisition of Preqin Holding Limited for approximately $3.2 billion in cash on March 3, 2025, enhancing its data and analytics capabilities in private markets. Additionally, the company finalized the acquisition of Global Infrastructure Management, LLC in October 2024, further expanding its infrastructure investment offerings. On July 1, 2025, BlackRock announced the acquisition of HPS Investment Partners, a global credit investment manager, with the transaction valued at $8.5 billion, expected to enhance its private credit platform.
Operationally, BlackRock's employee headcount increased to approximately 22,700, reflecting its growth and expansion efforts. The company also reported a restructuring charge of $39 million in the second quarter, aimed at aligning its organizational structure with strategic priorities. Looking ahead, BlackRock anticipates continued growth in AUM and revenue, driven by its diverse investment strategies and the integration of recent acquisitions, while remaining vigilant to market conditions and potential risks.
About BlackRock, Inc.
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