BlackRock Reports Full Year 2025 Diluted EPS of $35.31, or $48.09 as adjusted

New York, January 15, 2026 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months and year ended December 31, 2025.

• $14 trillion in AUM following record $698 billion of full year net inflows, including $342 billion in the fourth quarter
• 12% annualized organic base fee growth in the fourth quarter reflects broadbased strength across iShares® ETFs, systematic active equities, private markets, outsourcing and cash
• 19% increase in full year revenue reflects the positive impact of markets, 9% organic base fee growth over the last twelve months, fees related to the GIP and HPS Transactions, and higher technology services and subscription revenue
• 7% decrease in full year GAAP operating income and 16% decrease in GAAP diluted EPS related to noncash acquisition-related expenses and a noncash charitable contribution, which have been excluded from as adjusted results
• 18% increase in full year as adjusted operating income driven by higher revenue
• 10% increase in full year as adjusted diluted EPS also reflects lower nonoperating income and a higher diluted share count
• $5 billion returned to shareholders in 2025, including $1.6 billion worth of share repurchases
• 10% increase in quarterly cash dividend to $5.73 per share approved by Board of Directors, payable March 24, 2026 to shareholders of record at the close of business on March 6, 2026
• 7 million additional shares authorized for repurchase under existing repurchase program by Board of Directors

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