BlackRock, Inc. has announced its financial results for the second quarter of 2025. The company reported a diluted earnings per share (EPS) of $10.19, with an adjusted EPS of $12.05.
The company experienced total net inflows of $152 billion year-to-date, driven by strong performance in iShares ETFs, private markets, and cash net inflows. In the second quarter alone, BlackRock saw $68 billion in total net inflows. This figure reflects the impact of a partial redemption by a single institutional client worth $52 billion.
Revenue increased by 13% compared to the previous year. This growth was attributed to positive market impacts, organic base fee growth, fees related to the GIP Transaction, and higher technology services and subscription revenue. However, it was partially offset by lower performance fees.
GAAP operating income decreased by 4% year-over-year due to noncash acquisition-related expenses that were excluded from as-adjusted results. On an adjusted basis, operating income rose by 12%.
Diluted EPS increased by 2% year-over-year (16% as adjusted), reflecting higher nonoperating income but offset by a higher effective tax rate and a larger diluted share count for the current quarter.
During this period, BlackRock repurchased shares worth $375 million. Additionally, the company completed its acquisition of HPS Investment Partners on July 1st. This acquisition added $165 billion in client assets under management (AUM) and $118 billion in fee-paying AUM.
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