earnings
confidence medium
sentiment neutral
materiality 0.50
BlackRock reports Q1 2025 AUM of $11.6T; base fees up 17% YoY to $4.4B
BlackRock, Inc.
2025-Q1 EPS reported
$9.64
revenue$5,276,000,000
- AUM of $11.6 trillion at March 31, 2025; base fees and securities lending revenue totaled $4.4B in Q1.
- Total revenue increased 12% year-over-year, but decreased 7% sequentially from Q4 2024.
- Operating expenses as adjusted rose 10% YoY; total expenses as adjusted down 3% sequentially.
- Year-over-year base fee growth of 17% included approximately $285M in fees from the GIP acquisition.
- Long-term organic asset growth rates: Retail 4%, Institutional Active 3%, ETFs 11% (LTM).