BlackRock Achieves Record $11.6 Trillion in Assets as Profits Surge 21%

Strategic acquisitions and robust inflows into ETFs and fixed-income products drive growth for the world’s largest asset manager.

BlackRock reported $11.6 trillion in assets under management (AUM) for the fourth quarter of 2024, a 15% increase year-over-year.
The firm recorded a 21% rise in quarterly profits, with net income reaching $1.67 billion and adjusted earnings per share at $11.93.
Strategic acquisitions, including Global Infrastructure Partners and HPS Investment Partners, bolstered BlackRock’s private markets and alternative investment capabilities.
Long-term net inflows totaled $201 billion in Q4, with $142.6 billion directed toward exchange-traded funds (ETFs) and $23.8 billion into fixed-income products.
CEO Larry Fink highlighted the evolving investment landscape, emphasizing private markets as a growing opportunity and calling for a rethinking of traditional stock and bond portfolios.