BlackRock's AUM Reaches Record $10.5 Trillion Amid Strong Market Performance

The asset manager's first-quarter earnings highlight significant growth in assets and revenue, driven by high client inflows and robust market conditions.

• BlackRock's assets under management surged by 15% year-on-year to a record $10.5 trillion.
• First-quarter earnings reported a revenue increase of 11% to $4.7 billion and an operating income rise of 18% to $1.7 billion.
• The company's stock price rose nearly 3% in premarket trading following the earnings announcement.
• Performance fees for the quarter reached $204 million, exceeding Wall Street expectations.
• BlackRock's strategic acquisition of Global Infrastructure Partners for $12.5 billion underscores its expansion into private markets.

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