BlackRock Q4 Earnings Call Highlights

2 hours ago 2

MarketBeat

Thu, January 15, 2026 astatine 9:27 AM CST 9 min read

BlackRock logo

Record nett inflows: BlackRock reported astir $698 billion of nett caller assets successful 2025, led by iShares with astir $527 billion of flows and double-digit integrated base-fee maturation crossed halfway equity, fixed income, progressive and integer ETPs.
Strong fiscal and merchandise momentum: Full-year as-adjusted gross was $24 billion (+19%) with EPS of $48.09, portion acquisitions (HPS, Preqin, GIP) and exertion services drove higher basal fees, a 16% integrated ACV increase, and continued borderline enlargement connected recurring interest businesses.
Capital returns and strategical priorities: The committee raised the Q1 2026 dividend by 10% and authorized repurchases targeting astir $1.8 billion successful 2026, arsenic absorption pushes maturation successful backstage markets, wealth, security and status with semipermanent fundraising and caller merchandise initiatives.
Interested successful BlackRock? Here are 5 stocks we similar better.

This ETF Caught a Major Tailwind After the Fed’s Rate Cut

BlackRock (NYSE:BLK) executives utilized the firm’s fourth-quarter 2025 net telephone to item what Chief Financial Officer Martin Small described arsenic “one of the strongest years successful our history,” pointing to grounds nett inflows, accelerating integrated basal interest growth, and continued enlargement successful exertion services arsenic the institution enters 2026 with a afloat integrated level that present includes GIP, Preqin, and HPS.

Small said clients awarded BlackRock astir $700 cardinal successful nett caller assets successful 2025, alongside 9% integrated basal interest maturation and 16% exertion yearly declaration worth (ACV) expansion. For the afloat year, BlackRock reported as-adjusted gross of $24 billion, up 19% twelvemonth implicit year, operating income of $9.6 billion, up 18%, and net per stock of $48.09, up 10%.

→ Inside D-Wave’s Major Acquisition—What Changes for Investors

Why Bitcoin ETFs Like IBIT May Be Set to Surge successful 2026

In the 4th quarter, gross was $7 billion, up 23% twelvemonth implicit year, which Small attributed to the acquisitions of HPS and Preqin, integrated basal interest growth, and the interaction of marketplace moves connected mean assets nether absorption (AUM). Fourth-quarter operating income was $2.8 billion, up 22%, portion EPS roseate 10% to $13.16. Small noted that quarterly EPS besides reflected a little taxation rate, little non-operating income, and a higher stock number tied to the adjacent of the HPS transaction connected July 1.

Non-operating results included $106 cardinal of nett concern losses, chiefly from a non-cash mark-to-market nonaccomplishment related to BlackRock’s number concern successful Circle. Small said the institution contributed a information of its Circle involvement to an existing donor-advised money successful mid-December, and that it inactive holds astir 1.1 cardinal shares of Circle communal banal that volition proceed to beryllium marked done concern income. The as-adjusted taxation complaint was astir 20% successful the 4th owed to discrete items, and Small said the institution presently estimates 25% arsenic a “reasonable projected taxation tally rate” for 2026.