Overview
- Revenue rose 23% to about $7 billion in the fourth quarter with adjusted EPS of $13.16, topping forecasts as markets lifted fees.
- Assets under management ended 2025 at a record $14 trillion after roughly $698 billion in full-year net inflows led by iShares.
- Management outlined a $400 billion gross fundraising target for private markets by 2030, with $12.7 billion raised in the quarter and about $40 billion for 2025.
- BlackRock plans to launch its first LifePath target-date fund with private-market exposure later this year, as the industry watches U.S. Labor Department guidance on 401(k) access to such assets.
- The private-markets push leans on HPS, GIP and Preqin integrations plus Aladdin, with work underway on investable private-market indices and tokenization, while shareholders get a 10% dividend increase and expanded buybacks targeting about $1.8 billion.