secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock, Inc. (BLK)
CIK:        0002012383
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0000950170-25-053022
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlackRock reports Q1 2025 AUM of $11.6T; base fees up 17% YoY to $4.4B
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2012383/000095017025053022/0000950170-25-053022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2012383/000095017025053022/blk-20250411.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-053022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer