Overview

• Assets under management climbed to a record $12.5 trillion in the second quarter, supported by $152 billion of net inflows in the first half led by its iShares ETF lineup.
• Revenue rose 13 percent year-over-year to $5.42 billion yet missed analyst forecasts as a single institutional client withdrew $52 billion from index funds.
• Performance fees plunged 58 percent compared with last year’s first half, driving a drop in profit margin to 43.3 percent.
• The firm completed its $12 billion acquisition of HPS Investment Partners on July 1, adding $165 billion in AUM and expected to generate $450 million in Q3 revenue.
• BlackRock reaffirmed its 2030 strategic goals of $35 billion in annual revenue and $400 billion in private-market fundraising to fuel its shift toward higher-fee products.