BlackRock, Inc. (NYSE:BLK ) Q3 2025 Earnings Call October 14, 2025 7:30 AM EDT Company Participants Christopher Meade - Senior MD, General Counsel & Chief Legal Officer Martin Small - Senior MD, CFO & Global Head of Corporate Strategy Laurence Fink - Founder, CEO & Chairman Conference Call Participants Craig Siegenthaler - BofA Securities, Research Division Michael Cyprys - Morgan Stanley, Research Division Alexander Blostein - Goldman Sachs Group, Inc., Research Division Kenneth Worthington - JPMorgan Chase & Co, Research Division Daniel Fannon - Jefferies LLC, Research Division Brennan Hawken - BMO Capital Markets Equity Research Brian Bedell - Deutsche Bank AG, Research Division Benjamin Budish - Barclays Bank PLC, Research Division William Katz - TD Cowen, Research Division Presentation Operator Good morning. My name is Jennifer, and I will be your conference facilitator today.
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BlackRock Inc (NYSE:BLK) on Tuesday reported a higher third quarter 2025 profit, boosted by better fee income and record assets under management (AUM) due to the global rally in equity markets. The world's largest asset manager recorded adjusted earnings for the quarter of $1.91 billion, or $11.55 per share, up from $1.72 billion, or $11.46 per share, during the same period last year.
While the top- and bottom-line numbers for BlackRock (BLK) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
A return to the forefront for initial public offerings (IPOs) and a relentless stock market rally, highlighted by a massive run by the Magnificent 7 tech stocks, in tandem with the Gold Mining stocks and Utilities, have led the stock market to print new all-time highs this year for all of the major indices.
Larry Fink's BlackRock has bet big on private markets and tech services as the firm's next growth engines. The asset manager closed the final of its three major acquisitions, private credit firm HPS, in the third quarter.
BlackRock (BLK) came out with quarterly earnings of $11.55 per share, beating the Zacks Consensus Estimate of $11.19 per share. This compares to earnings of $11.46 per share a year ago.
24/7 Wall St. hosts Doug McIntyre and Lee Jackson analyze a major move by BlackRock to acquire the utility company AES, describing it as the beginning of a larger wave of consolidation across the utility and banking sectors.
BlackRock remains a long-term buy, with recent acquisitions and expansion into technology, infrastructure, and real estate supporting future growth. BLK's strategy focuses on integrating new businesses like Preqin and ElmTree Funds to diversify income and strengthen its client platform. The company's unique combination of index funds, private markets, and technology creates a competitive edge that rivals struggle to match.
The key trend BlackRock is seeing when it comes to exchange traded funds.
BLK's growing AUM, latest ETF launches and recent acquisitions may fuel higher Q3 earnings and revenue growth.
Evaluate the expected performance of BlackRock (BLK) for the quarter ended September 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.