BlackRock reported an increase in third-quarter profits on Tuesday, as a surge in global markets enhanced fee income and elevated its assets under management to a record $13.46 trillion.
Strong consumer spending, despite rising borrowing costs, has maintained momentum in the U.S. economy. This resilience contributed to gains in equity markets, encouraging investors to invest in cost-effective index strategies.
A softening labor market and easing inflation led the Federal Reserve to lower interest rates in September—the first reduction for the year. Anticipation of further interest rate decreases by 2025 resulted in significant inflows into BlackRock’s fixed-income exchange-traded funds (ETFs).
These inflows helped the firm mitigate the impact of decreased performance fees and increased expenditures associated with its acquisition of alternative asset manager HPS Investment Partners.
BlackRock’s assets under management grew to $13.46 trillion during the quarter, compared to $11.48 trillion the previous year. The firm reported long-term net inflows of approximately $171 billion, primarily driven by continued strength in its ETF business, which remains the central component of its organic growth strategy.
For the three months ending September 30, BlackRock’s adjusted earnings reached $1.91 billion, or $11.55 per share, up from $1.72 billion, or $11.46 per share, a year earlier.
Published on October 14, 2025.
