BlackRock Reports Second Quarter 2025 Diluted EPS of $10.19, or $12.05 as adjusted

New York, July 15, 2025 - BlackRock, Inc. (NYSE: BLK) today reported financial results for the three and six months ended June 30, 2025.

• $152 billion of year-to-date total net inflows led by a record first half for iShares® ETFs, alongside private markets and cash net inflows
• $68 billion of quarterly total net inflows reflect impact of a single institutional client's $52 billion lower-fee index partial redemption
• 13% increase in revenue year-over-year reflects positive impact of markets, organic base fee growth and fees related to the GIP Transaction, as well as higher technology services and subscription revenue, partially offset by lower performance fees
• 4% decrease in year-over-year GAAP operating income primarily as a result of noncash acquisition-related expenses, which have been excluded from as-adjusted results
• 12% increase in year-over-year as adjusted operating income
• 2% increase in diluted EPS year-over-year (16% as adjusted) also reflects higher nonoperating income, partially offset by a higher effective tax rate and a higher diluted share count in the current quarter
• $375 million of share repurchases in the current quarter
• Closed acquisition of HPS Investment Partners on July 1st, adding $165 billion of client AUM and $118 billion of fee-paying AUM

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