BlackRock
Asset management · United States
BlackRock invests money for pension funds, institutions and individuals through ETFs, funds and private markets, and also sells its Aladdin portfolio software.
What makes it different
ETFs bring in nearly half of its fees.
45%Base fees from ETFsFY2025
Index ETFs, not star fund managers, now earn the largest share of the base fees.
How big it is
How big is BlackRock?
$24.2BTotal revenueFY2025
$14.0TAssets under management2025
24,900Employees2025
How it makes money FY2025
Fees on client money lead.
- Base fees and securities lending$19.18B
- Technology services and subscription$1.98B
- Performance fees$1.42B
- Distribution fees$1.35B
- Advisory and other$0.28B
How the business works
Gather assets. Invest. License the platform.
- 1Client money, ETFs first
- 2Public and private markets
- 3Aladdin technology
Software subscriptions earn revenue that does not depend on market levels.
Who owns it
- Funds managed by BlackRock subsidiaries6.17%
- Kuwait Investment Authority5.14%
- Directors and executive officers (26 persons)1.92%
CEO: Laurence D. Fink
Who it competes with
AAllianceBernsteinAAffiliated Managers GroupFFranklin ResourcesIInvescoTT. Rowe PriceVVanguardSState StreetFFidelity
Key moments
- 1988BlackRock is founded in New York by eight people
- 2024Global Infrastructure Partners joins BlackRock
- 2025Record $698 billion of net inflows
- 2025HPS Investment Partners acquired
- 2026First year as a fully integrated firm with GIP, Preqin and HPS
Sources
Every number on this page comes from BlackRock's own reports.
Full profile
The rest of the story is in the app.
What BlackRock tracks27 metrics
Alternatives AUM
Employees
Multi-asset AUM
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
Where the money comes from3 regions
Americas
Europe
Asia-Pacific
The full timeline9 moments
2021
2025
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