BlackRock hits record $14 trillion in assets, stock rises 5%

Key Takeaways

• BlackRock reported $14 trillion in assets under management (AUM) for 2025, driven by a record-breaking $698 billion in net inflows.
• BlackRock CEO said that the firm is at the forefront of high-growth areas, including private markets, wealth management, active ETFs, and digital assets.

In its fourth-quarter earnings release on Thursday, BlackRock announced that total assets under management surged to $14 trillion by the end of 2025, spurred by a record $698 billion in annual net inflows.

BlackRock’s shares (BLK) rose 5% following the report, per Yahoo Finance.

Digital assets AUM stood at around $78 billion at year-end, with $35 billion in full-year ETF inflows for the category, while private markets AUM climbed to $323 billion following the HPS acquisition.

Fink said that the unified BlackRock platform is expanding client activity across public and private markets, technology, and data, with a broadening pipeline and strong fundraising positioning the firm to scale private market initiatives and emerging channels like digital assets and tokenization.

BlackRock also reported that organic base fees grew 12% annualized in Q4, reflecting strength across iShares ETFs, systematic active equities, private markets, outsourcing, and cash management.

The firm posted a 19% increase in full-year revenue, driven by strong markets, 9% organic base fee growth, transaction-related fees, and higher technology services and subscription revenue.