Overview
- The asset manager reported record 2025 net inflows of about $698.3 billion, lifting assets to $14 trillion as quarterly revenue rose to $7.01 billion, beating forecasts.
- iShares posted a record quarter with $181 billion of Q4 net inflows, and fixed-income ETFs drew $159 billion for the year, underscoring demand for bond products.
- Management outlined an ambitious 2026 fundraising plan centered on private markets, supported by newly integrated HPS, GIP, and Preqin capabilities.
- The company said it is in late-stage talks with roughly 20 insurers on private-market mandates, and it plans a target-date fund with private exposure later in 2026 subject to Labor Department guidance.
- Shareholder returns increased with a 10% dividend raise and an expanded buyback program targeting $1.8 billion, including authorization for an additional 7 million shares.