BlackRock’s AUM Reach $12.53 Trillion by End of June

The US-based BlackRock, the world’s largest asset manager, on Tuesday announced a significant surge in its assets under management (AUM), reaching a new high of $12.53 trillion in the second quarter of 2025.

This AUM growth, up from $10.65 trillion last year, is primarily driven by a global market rally, fuelled by the prospect of trade deals and interest-rate cuts from the US Federal Reserve, brushing aside earlier tariff-related jitters.

However, the company said that the long-term net inflows fell to $46 billion in the quarter, down 9.8% as equities rallied, fixed-income products saw outflows of $4.66 billion.

It may be recalled that at its Investor Day last month, BlackRock said that its private markets and technology businesses would make up 30% or more of its total revenue by 2030, up from 15% in 2024.

The revenue from technology services reached $499 million reflecting the first full quarter of data provider Preqin, which BlackRock bought in a $3.2 billion deal last year. The deal closed on 3 March 2025.

According to Reuters, the company’s total revenue – most of which is earned as a percentage of assets under management – rose to $5.42 billion from $4.81 billion a year ago, and total expenses rose to $3.69 billion from $3.01 billion last year.

Adjusted profit came in at $1.88 billion, or $12.05 per share, for the three months ended June 30, up from $1.55 billion, or $10.36 per share, a year earlier, the report said.

BlackRock’s Chairman and CEO Laurence D Fink said that for many years, BlackRock has worked to serve the ambitions of each and every Client around the world – from the largest asset owners to individuals just getting their start with investing.

“We design and deliver strategies and products that fit their unique long-term needs and aspirations. We deliver in the way that best serves each client, whether it’s through whole portfolio solutions, opportunistic investments, or customised models and separately managed accounts (SMAs),” he said.

Growth in Organic fee

BlackRock’s expanding client relationships are resonating in higher, more diversified organic base fee growth and the company generated 6% organic base fee growth for the second quarter and the first half of 2025, and 7% over the last 12 months, Fink said.

BlackRock’s sustained growth has been powered by its whole portfolio approach, being the first firm to bring together active and index at scale. And now the company is building on its foundational platform to redefine the whole portfolio once again by integrating public and private markets across asset management and technology.

“iShares ETFs had a record first half in flows, and technology ACV growth reached a fresh high of 16%. This core strength, alongside client demand for private markets, digital assets, Aperio, and our tech and data-driven systematic strategies, propelled another consecutive quarter of above-target organic base fee growth and record AUM of $12.5 trillion,” he said.

“We surpassed the fundraising target for Global Investment Partners’ fifth flagship, raising $25.2 billion and delivering the largest-ever client capital raise in a private infrastructure fund. We also announced the development of a custom target date fund glidepath that strategically allocates across public and private markets. The company is attracting a new and increasingly global generation of investors through things like our digital assets offerings and recently launched funds in India through our joint venture Jio BlackRock,” he added.