BlackRock Reports First Quarter 2025 Diluted EPS of $9.64, or $11.30 as adjusted

New York, April 11, 2025 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months ended March 31, 2025.

• $84 billion of quarterly total net inflows, reflecting 3% annualized organic asset growth, led by a record first quarter for iShares® ETFs alongside private markets and active net inflows
• Higher annualized organic base fee growth in the quarter was broad-based across the platform, driven by private markets, ETFs, and systematic active strategies
• 12% increase in revenue year-over-year reflects positive impact of markets, organic base fee growth and fees related to the GIP Transaction, as well as higher technology services and subscription revenue, partially offset by lower performance fees
• 16% growth in technology services and subscription revenue year-over-year, driven by continued momentum in Aladdin® and the partial impact of the Preqin Transaction, which closed on March 3, 2025
• 0.3% increase in year-over-year GAAP operating income and 8% decrease in GAAP diluted EPS were impacted by acquisition-related costs, which have been excluded from as adjusted results
• 14% increase in year-over-year as adjusted operating income
• 15% increase in year-over-year as adjusted EPS also reflects a lower effective tax rate, partially offset by lower nonoperating income and higher diluted share count in the current quarter
• $375 million of share repurchases in the current quarter and 2% increase in quarterly cash dividend to $5.21 per share

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