BlackRock AUM Tops $13 Trillion for First Time
BlackRock, the world’s biggest money manager, shattered its own record by ending the third quarter with $13.46 trillion in assets under management, up 17% from a year ago.
“BlackRock delivered one of our strongest quarterly flows results, with net inflows of $205 billion, powering 10% organic base fee growth in the third quarter and 8% over the last 12 months.”
BlackRock’s Laurence D. Fink
“BlackRock delivered one of our strongest quarterly flows results, with net inflows of $205 billion, powering 10% organic base fee growth in the third quarter and 8% over the last 12 months,” said BlackRock Chairman and CEO Laurence D. Fink. “Clients around the world are coming to BlackRock for deeper, more dynamic partnerships across public and private asset classes. AUM reached a new high of $13.5 trillion, and our iShares and cash franchises surpassed new AUM milestones of $5 trillion and $1 trillion, respectively.”
The fee growth was driven by investor interest in exchange-traded funds (ETFs) as well as BlackRock’s strong 2025 push into private markets.
“That growth is even more notable in its diversification,” Fink said in an Oct. 14 press release detailing Q3 2025 results. “Top organic base fee growth contributors included our systematic franchise, private markets, digital assets, outsourcing, cash and iShares ETFs, which saw record demand. BlackRock’s multiple sources of growth differentiate us and are resonating through accelerating client activity across our platform. We believe our results are a powerful validation of our hyper-local client engagement model and forward-looking investments.”
Fink added that BlackRock’s multiple sources of growth differentiates the company and are resonating through accelerating client activity across its platform. He said he believes the results are a powerful validation of BlackRock’s hyper-local client engagement model and forward-looking investments.
“BlackRock is always preparing for the future, investing ahead of client needs and in support of deepening capital markets. Technology and data analytics, ETFs, private markets, and digital assets are just a few examples where we invested and built leading positions,” Fink said. “We’ve brought together the strengths of GIP, HPS, and Preqin, and together we’re already driving landmark fundraising and deal flow, accelerating client engagement, and double-digit organic revenue growth over the last year.”
Fink said the company is executing on some of the largest and most multifaceted mandates in its history, as clients choose BlackRock for portfolio management and technology across the full range of capital markets.
“We’re entering our seasonally strongest fourth quarter with building momentum and a fully unified platform. One that’s anchored by a public-private investment model, backed by Aladdin technology, and united by a shared culture of performance and client service,” Fink said. “I believe the scale of the opportunity ahead for BlackRock, our clients and shareholders far exceeds what we’ve ever seen before.”
The Wall Street Journal today noted that BlackRock’s shares have climbed 14% this year, touching a record high earlier this month. Net income fell 19% to $1.32 billion, or $8.43 a share. Excluding certain acquisition-related expenses, BlackRock earned $11.55 a share, which bested Wall Street’s expectations.
Today’s WSJ article said alternatives like private credit, real estate and infrastructure command higher investment fees from pensions, endowments and other large institutional clients—and like other big private-markets firms such as KKR and Blackstone, BlackRock is betting it will be able to sell these funds to more individual investors in the coming years.
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Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
