BlackRock Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw double-digit growth in revenue, operating income, and EPS, with $130B in net inflows and 8% organic base fee growth. Record ETF inflows, strong private markets, and technology services drove results, while margin expansion and continued share repurchases signal ongoing confidence.
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Organic base fee growth reached 9% in 2025, driven by breadth across ETFs, private markets, and technology. Strategic priorities include integrating recent acquisitions, expanding digital asset offerings, and leveraging data for new index products. Margin expansion and selective M&A remain key focus areas.
Fiscal Year 2025
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Record net inflows and double-digit organic base fee growth drove revenue and EPS to new highs, supported by strong performance in ETFs, private markets, and technology. Integration of GIP, Preqin, and HPS, plus robust capital returns, position the firm for continued margin expansion and growth in 2026.
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Organic base fee growth is robust, driven by diversified engines and recent acquisitions, with strong margin expansion and a focus on scalable businesses. Institutional clients are shifting to a Total Portfolio Approach, while new private wealth and digital asset products are set for 2026 launches.
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Record AUM and net inflows drove double-digit organic base fee growth, with strong performance across ETFs, private markets, and digital assets. Integration of recent acquisitions and expansion in technology and retirement solutions position the firm for continued momentum into Q4.
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Record AUM and double-digit growth in revenue, operating income, and EPS were achieved, driven by strong organic base fee growth, major acquisitions, and robust inflows across ETFs, private markets, and technology. Strategic expansion in private markets and technology positions the firm for continued growth.
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Ambitious 2030 goals include doubling revenue and operating income, with a focus on private markets, technology, and global expansion. Recent acquisitions and platform integration are driving growth in high-value segments like digital assets, infrastructure, and retirement solutions. The firm emphasizes innovation, scale, and a unified culture to deliver resilient, premium growth.
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Record inflows and double-digit growth marked 2024, with strong support for board nominees and executive pay. Shareholder proposals on governance and fiduciary focus were overwhelmingly rejected. Strategic initiatives include business model evolution, crypto expansion, and a focus on mega trends.
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Record AUM and strong net inflows drove double-digit growth in revenue, operating income, and EPS, with 6% organic base fee growth and margin expansion. Strategic investments in private markets, ETFs, and technology fueled diversified growth, while global expansion and new partnerships positioned the firm for continued resilience and opportunity.
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Global markets face short-term volatility and inflation, but long-term growth is expected, driven by technology and capital markets. Strategic acquisitions and AI investments are reshaping investment approaches, while leadership and adaptability remain crucial for sustained success.
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Entering 2025 with strong momentum, flows into ETFs and alternatives are accelerating, driven by automation, AI, and recent acquisitions. Strategic M&A in private credit, infrastructure, and data positions the business for diversified, stable growth, while regulatory trends and disciplined pricing support continued innovation.
Fiscal Year 2024
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Record net inflows and AUM drove double-digit revenue and earnings growth in 2024, with strong performance across ETFs, private markets, and technology. Strategic acquisitions and product innovation position the firm for continued organic growth and margin expansion in 2025.
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Strong organic growth, major acquisitions, and robust ETF flows are driving momentum into 2025. Strategic moves in private markets and technology, including GIP, HPS, and Preqin, are expected to boost revenue and product innovation.
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The acquisition creates a top-tier asset manager with expanded private credit and fixed income capabilities, leveraging complementary strengths for growth in insurance, wealth, and public-private solutions. The all-equity deal aligns leadership interests and is expected to close in mid-2025, driving higher organic growth and diversification.
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Record net inflows and AUM growth drove double-digit revenue and operating income increases, with strong performance across ETFs, private markets, and technology. The GIP acquisition and upcoming Preqin deal are set to further boost fee growth and diversify revenue.
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Record AUM and double-digit income growth were driven by strong ETF inflows, technology revenue, and strategic moves in private markets. Planned acquisitions of GIP and Preqin are set to accelerate growth, with robust guidance for the remainder of 2024.
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The acquisition will integrate a leading private markets data provider to accelerate growth, enhance transparency, and drive innovation in private markets analytics. The $3.2 billion deal is expected to close by year-end 2024, with significant revenue synergies and long-term strategic benefits.