Overview
- The firm reported record net inflows of $698.261 billion for 2025, including $341.711 billion in the fourth quarter.
- Annual revenue rose 19% to $24.216 billion as net income fell 13% to $5.553 billion, with Q4 earnings down 33% to $1.127 billion even as quarterly revenue increased 23% to $7.008 billion.
- ETF demand led Q4 with $181 billion in net inflows, helping lift total client cash raised in the quarter to about $342 billion and taking ETF assets to roughly $5.5 trillion.
- Executives highlighted momentum into 2026 and emphasized expansion into private markets, technology and data as the company integrates recent deals across infrastructure, credit and analytics.
- BlackRock underscored its footprint in Spain, managing €50 billion for local clients and investing nearly €100 billion in the country, with notable positions including 11% of Naturgy after a December stake sale and a 6.851% holding in Santander as of September 2025.