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BlackRock tops $15 trillion as ETF inflows lift earnings

BlackRock reported record assets of $15.34 trillion after buoyant markets and ETF inflows powered a second-quarter earnings beat. The results highlight the strength of iShares and private markets, with institutional index outflows a notable weak spot.

Published about 3 hours ago
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BlackRock assets hit record $15 trillion on boost from buoyant markets, ETF inflows

BlackRock tops $15 trillion as ETF inflows lift earnings
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BlackRock’s assets under management climbed to $15.34 trillion at the end of June, a record for the world’s largest money manager, after rising markets and a wave of ETF demand lifted its second-quarter results. The company reported $191.7 billion of total net inflows, $7.08 billion of revenue and adjusted earnings of $13.91 a share in results released Wednesday.tradingview

The quarter showed how quickly a market rebound can flow through BlackRock’s model. Its ETF business generated $177.9 billion of long-term net inflows, and iShares assets crossed $6 trillion. MarketWatch said the shares were on pace for their best day in more than a year after the earnings beat, while CEO Larry Fink called the first half the strongest start to a year in the firm’s history.alternativeswatch

The gains were not only from index funds. Active strategies added $53.3 billion, and private markets brought in $15.4 billion, led by private credit and infrastructure. Alternatives Watch reported that private markets collected more than $15 billion in second-quarter net inflows, while Pensions & Investments said executives pointed to stabilization in private credit and demand for infrastructure investing.qz +1

BlackRock’s scale also widened margins. Investing.com, citing the company’s presentation, reported a 45.9% adjusted operating margin, the highest in nearly five years, as revenue rose 31% from a year earlier. The same report flagged a weaker spot: institutional index strategies had $41 billion of net outflows, even as ETFs and retail flows more than offset that pressure.coindesk

The result reinforces the bull case for asset managers tied to ETFs, private markets and technology platforms, but it also leaves BlackRock exposed to the same market beta that just helped it. Quartz noted that the quarter’s $192 billion in client cash was led by the iShares franchise, underscoring both the strength and concentration of the flow engine.pionline