BlackRock hits record $14 trillion in assets, stock rises 5%

In its fourth-quarter earnings release on Thursday, BlackRock announced that total assets under management surged to $14 trillion by the end of 2025, spurred by a record $698 billion in annual net inflows.

BlackRock’s shares (BLK) rose 5% following the report, per Yahoo Finance.

Digital assets AUM stood at around $78 billion at year-end, with $35 billion in full-year ETF inflows for the category, while private markets AUM climbed to $323 billion following the HPS acquisition.

“BlackRock enters 2026 with accelerating momentum across our entire platform, coming off the strongest year and quarter of net inflows in our history,” CEO Larry Fink said in a statement.

Fink said that the unified BlackRock platform is expanding client activity across public and private markets, technology, and data, with a broadening pipeline and strong fundraising positioning the firm to scale private market initiatives and emerging channels like digital assets and tokenization.

“BlackRock is at the forefront of some of the largest new growth channels across the industry – from private markets to wealth and 401(k), to active ETFs, to private markets data, to digital assets and tokenization,” he noted.

BlackRock also reported that organic base fees grew 12% annualized in Q4, reflecting strength across iShares ETFs, systematic active equities, private markets, outsourcing, and cash management.

The firm posted a 19% increase in full-year revenue, driven by strong markets, 9% organic base fee growth, transaction-related fees, and higher technology services and subscription revenue.