TLDR
- BlackRock reported $698B in full-year net inflows, the highest in company history.
- Fourth-quarter inflows reached $342B, supporting 12% annualized organic base fee growth.
- Digital asset AUM stood near $78B, with $35B in ETF inflows during 2025.
- BlackRock shares gained 5% after the earnings report, according to market data.
BlackRock reached a new milestone after reporting record assets under management and a strong market reaction. The firm closed 2025 with $14 trillion in managed assets. Its stock rose 5% after the earnings release. Investors reacted to strong inflows, higher revenue, and steady growth across several business lines. The results placed BlackRock among the largest asset managers by scale and reinforced its position in global markets.
BlackRock reported its results during the fourth-quarter earnings update on Thursday. The company said assets under management reached $14 trillion by year-end. This growth followed record inflows and steady demand for investment products. Shares of BlackRock rose shortly after the announcement, reflecting investor response to the figures.
Record inflows drive asset growth
BlackRock reported $698 billion in net inflows for the full year. Fourth-quarter inflows reached $342 billion. The firm said this marked the strongest quarter and year in its history. These inflows supported asset growth across multiple strategies and regions.
The company stated that organic base fees increased at a 12% annualized rate during the fourth quarter. Growth came from exchange-traded funds, private markets, and cash management products. BlackRock also recorded a 9% rise in organic base fees for the full year. Transaction fees and technology services also supported revenue.
BlackRock has hit $14T in assets (insane) after record inflows of $342b in Q4 (and $698b for year) along with the boost from a rising stock market. Vanguard not too far behind at a little over $12T.. and then you need a literal telescope to see 3rd place and beyond via @sabrush pic.twitter.com/htKqYUf9Qo
— Eric Balchunas (@EricBalchunas) January 15, 2026
Larry Fink, the company’s chief executive, said strong client activity supported the results. He stated, “BlackRock enters 2026 with accelerating momentum across our entire platform.” He added that the firm recorded the strongest year and quarter of inflows in its history.
Fink said the company continues to expand across public and private markets. He noted steady growth in technology services and data offerings. He also said fundraising activity remains strong across several channels.
Digital assets and private markets expand
BlackRock reported digital asset assets under management of about $78 billion at year-end. The firm also recorded $35 billion in digital asset ETF inflows during 2025. The company said this category continues to attract institutional and retail interest.
Private markets assets reached $323 billion after the HPS acquisition. BlackRock said the acquisition strengthened its private credit and alternative investment offerings. These assets supported growth across long-term investment strategies.
Fink said the platform supports expansion in emerging areas. He stated that BlackRock remains active in digital assets and tokenization. He also said the company is growing across wealth management and retirement channels.
The firm said client demand remains steady across asset classes. It added that technology and data tools continue to support client activity. BlackRock also reported growth in outsourced investment services and advisory products.
Revenue growth reflects market strength
BlackRock reported a 19% increase in full-year revenue. The company said market performance contributed to higher asset values. Fee growth and transaction-related revenue also supported the increase.
Technology services and subscription revenue rose during the year. BlackRock said demand for risk management and portfolio tools remained strong. These services supported revenue stability during market changes.
The company also reported steady performance across iShares ETFs. Systematic active equity strategies recorded growth. Cash management products also attracted new client assets.
BlackRock stated that diversified revenue sources supported performance. The firm said it continues to invest in platform tools and operational systems. These efforts aim to support future growth and client demand.
Stock response and market reaction
BlackRock shares rose 5% after the earnings announcement. Market data showed higher trading activity following the release. Investors responded to asset growth and record inflows.
The stock increase followed several months of market volatility. Analysts noted that strong inflows helped offset slower activity in some regions. The company’s scale and product range supported investor confidence.
BlackRock said it plans to continue expanding product offerings. The firm also aims to grow private market access and digital asset services. Management stated that client demand remains steady entering 2026.
The company did not announce major changes to guidance. BlackRock said it remains focused on platform growth and client service. The firm added that it will continue monitoring global market conditions.





