---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-095711"
form_type: "8-K"
ticker: "BLK"
cik: "0002012383"
company_name: "BlackRock, Inc."
filed_at: "2025-07-15T23:59:59+00:00"
generated_at: "2026-05-18T06:33:30.397929+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "medium"
source: SEC EDGAR
---

# BlackRock Q2 2025 AUM $12.5T, revenue +13% YoY, base fees $4.5B

## Summary
- AUM reached $12.5 trillion at June 30, 2025; Q2 base fees and securities lending revenue $4.5 billion.
- Total revenue up 13% YoY; base fees +15%, technology services +26%, performance fees down 43%.
- Adjusted operating expenses rose 14% YoY with employee compensation up 12%.
- Long-term ETFs organic asset growth +11% LTM; institutional index organic growth -2%.

## SEC filing metadata
- accession: 0000950170-25-095711
- form_type: 8-K
- ticker: BLK
- cik: 0002012383
- company_name: BlackRock, Inc.
- filed_at: 2025-07-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: medium
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2012383/000095017025095711/0000950170-25-095711-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2012383/000095017025095711/blk-20250715.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-095711
- JSON: https://secwatch.observer/filing/0000950170-25-095711.json
- Plain text: https://secwatch.observer/filing/0000950170-25-095711.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.