BlackRock, Inc. is a leading publicly traded investment management firm that offers a wide range of investment management and technology services to institutional and retail clients globally. The company provides a diverse array of alpha-seeking active, index, and cash management investment strategies across various asset classes, allowing for tailored investment and asset allocation solutions. BlackRock's offerings include single- and multi-asset portfolios in equities, fixed income, alternatives, and money market instruments, available through various vehicles such as mutual funds, ETFs, and other pooled investment vehicles . Additionally, BlackRock offers technology services, including the Aladdin® platform, and advisory services to institutional and wealth management clients .
- Equity Products - Offers investment strategies focused on equity markets, providing both active and index-based solutions to capture market opportunities.
- Fixed Income Products - Provides investment strategies in fixed income markets, including government and corporate bonds, to generate stable returns.
- Alternatives - Delivers investment options in alternative asset classes, such as private equity and real estate, for diversification and potential higher returns.
- Multi-Asset Products - Combines various asset classes into single portfolios to achieve diversified investment objectives.
- Technology Services - Offers investment and risk management technology platforms like Aladdin®, Aladdin Wealth, eFront, and Cachematrix, enhancing decision-making and operational efficiency.
- Distribution Fees - Involves fees related to the distribution of BlackRock's investment products through various channels.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Laurence D. Fink ExecutiveBoard | Chairman and CEO | None mentioned | Co-founder of BlackRock in 1988, instrumental in its growth to $11.6 trillion AUM, led IPO and major acquisitions. | View Report → |
Caroline Heller Executive | Senior Managing Director, Global Head of Human Resources | None mentioned | Leads HR globally, no additional details provided in the documents. | |
Christopher J. Meade Executive | Senior Managing Director, Chief Legal Officer, and General Counsel | None mentioned | Oversees legal and compliance functions, no additional details provided in the documents. | |
J. Richard Kushel Executive | Senior Managing Director, Head of Portfolio Management Group | None mentioned | Leads BlackRock's Portfolio Management Group, no additional details provided in the documents. | |
Martin S. Small Executive | Senior Managing Director and CFO | None mentioned | Former Head of U.S. Wealth Advisory and U.S./Canada iShares, now oversees financial operations as CFO. | |
Rachel Lord Executive | Senior Managing Director, Head of International | None mentioned | Oversees BlackRock's international business, managing $3.5 trillion in assets outside the U.S.. | |
Robert L. Goldstein Executive | Senior Managing Director and COO | None mentioned | Current COO, no additional details provided in the documents. | |
Robert S. Kapito Executive | President | None mentioned | Longtime leader at BlackRock, no additional details provided in the documents. | |
Stephen Cohen Executive | Senior Managing Director and Chief Product Officer | None mentioned | Based in London, oversees product strategy, no additional details provided in the documents. | |
Amin H. Nasser Board | Director | President and CEO of Saudi Aramco | Director at BlackRock, also leads Saudi Aramco. | |
Charles H. Robbins Board | Director | Chairman and CEO of Cisco Systems, Inc. | Director at BlackRock, also leads Cisco Systems. | |
Cheryl D. Mills Board | Director | President and CEO of BlackIvy Group LLC | Director at BlackRock, also leads BlackIvy Group, focused on businesses in Sub-Saharan Africa. | |
Fabrizio Freda Board | Director | President and CEO of The Estée Lauder Companies Inc. | Director at BlackRock, also leads Estée Lauder Companies. | |
Hans E. Vestberg Board | Director | Chairman and CEO of Verizon Communications Inc. | Director at BlackRock, also leads Verizon Communications. | |
Kristin Peck Board | Director | CEO of Zoetis Inc. | Director at BlackRock, also leads Zoetis Inc.. | |
Marco Antonio Slim Domit Board | Director | Chairman of Grupo Financiero Inbursa, S.A.B. de C.V. | Director at BlackRock, also leads Grupo Financiero Inbursa. | |
Margaret L. Johnson Board | Director | None mentioned | Director at BlackRock, no additional details provided in the documents. | |
Mark Wilson Board | Director | None mentioned | Former CEO of Aviva plc and AIA Group Ltd, now a director at BlackRock. | |
Murry S. Gerber Board | Director | None mentioned | Former CEO of EQT Corporation, now a director at BlackRock. | |
Pamela Daley Board | Director | None mentioned | Chair of BlackRock's Audit Committee, former Senior VP of Corporate Business Development at GE. | |
Susan L. Wagner Board | Director | None mentioned | Co-founder and former Vice Chairman of BlackRock, now a director. | |
William E. Ford Board | Director | Chairman and CEO of General Atlantic | Director at BlackRock, also leads General Atlantic, a global growth equity firm. |
- How are you pacing your investment spend into 2025, and what specific levers do you have to drive margin expansion over the next 12 to 18 months, particularly regarding variabilizing your expenses?
- With recent acquisitions like GIP and the pending Preqin deal, what is your appetite for additional M&A, and what financial or management constraints do you face in integrating these transactions effectively to maximize their potential?
- Given recent regulatory issues at a large institutional bond manager, have you seen any changes in RFP activity on the fixed income side, and how is BlackRock positioning itself to capture potential opportunities arising from this situation?
- Despite strong growth and high margins, why did earnings per share grow only 5% this quarter, and should we expect your initiatives and consistent base fee targets to result in higher earnings growth going forward?
- With the possibility of a more favorable regulatory environment for digital assets, what are your key ambitions and strategies in this space beyond ETFs and custody, and how do you plan to capitalize on the opportunities that such regulatory changes might unlock?
Research analysts who have asked questions during BlackRock earnings calls.
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Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Preqin | 2025 | BlackRock’s acquisition of Preqin is designed to enhance its private markets investment and data capabilities by leveraging Preqin’s extensive database of 190,000 funds, 60,000 managers, and 30,000+ limited partners, positioning the firm to create investable indexes and advanced risk models. |
HPS Investment Partners | 2025 | The acquisition of HPS Investment Partners aims to create an integrated private credit franchise with about $220 billion in pro-forma client assets, expanding BlackRock’s exposure in insurance and private wealth channels and expecting mid-2025 closing subject to standard approvals. |
Global Infrastructure Partners | 2024 | Completed on October 1, 2024, this acquisition involved $3 billion in cash plus 12 million shares (with 30% deferred), significantly boosting BlackRock’s client and fee-paying AUM and enhancing its global infrastructure investment platform. |
SpiderRock Advisors | 2024 | Finalized in May 2024, BlackRock acquired the remaining equity in SpiderRock Advisors to strengthen its U.S. wealth market offerings and separately managed accounts, adding $131 million in goodwill along with valuable customer relationships and technology intangibles, plus a noncash pre-tax gain. |
Kreos Capital | 2023 | Acquired in 2023, this deal brought venture debt financing capabilities in Europe into BlackRock’s portfolio, supporting its strategy to scale its private markets and credit offerings, with the transaction expected to close in Q3 2023. |
Recent press releases and 8-K filings for BLK.
- Redesigned BlackRock Select Treasury Based Liquidity Fund (BSTBL) to comply with the GENIUS Act, investing exclusively in short-term U.S. Treasuries and overnight repurchase agreements.
- Charges a 0.21% management fee, 0.10% shareholder servicing fee, and 0.27% total expenses after waivers through June 30, 2026.
- Aims to extend BlackRock’s reserve management model beyond Circle’s USDC to additional stablecoin issuers.
- Integrates tokenization capabilities for faster settlements and enhanced transparency, supporting monthly audits and risk-free collateral mandates under the GENIUS Act.
- BlackRock’s cash management business, now surpassing $1 trillion in AUM, launches a ‘40 Act 2a7 money market fund aligned with the GENIUS Act to serve as a reserve asset for stablecoin issuers.
- The BlackRock Select Treasury Based Liquidity Fund’s strategy adds overnight repurchase agreements, shortens U.S. Treasury maturities, and removes agency investments to enhance liquidity.
- The fund’s trading cutoff is extended to 5:00 p.m. ET, offering greater access and alignment with emerging regulatory frameworks.
- Alignment with the GENIUS Act creates a new distribution channel and positions the fund for future growth in the digital payments ecosystem.
- Preqin forecasts global alternatives AUM to reach $32 trillion by 2030.
- AI will be a core driver of VC and private equity value creation, backed by digital infrastructure build-out.
- Private credit is set to mature with $4.5 trillion in AUM by 2030, driven by new liquid fund structures and bank disintermediation.
- Infrastructure AUM is projected to approach $3 trillion by 2030, with Europe outpacing North America in growth.
- Exit volumes are expected to recover by 2030, supported by lower policy rates, valuation convergence, and a shift from public to private allocations.
- BlackRock’s Global Infrastructure Partners, MGX, Microsoft, NVIDIA and other investors form the Artificial Intelligence Infrastructure Partnership to acquire Aligned Data Centers for $40 billion.
- The acquisition includes 50 campuses and over 5 GW of operational and planned capacity in key U.S. and Latin American markets.
- AIP plans to deploy an initial $30 billion in equity, with the potential to raise up to $100 billion including debt, to build next-generation AI and cloud infrastructure.
- Following the announcement, BlackRock shares rose nearly 2% and NVIDIA shares climbed around 3% in pre-market trading.
- BlackRock reported AUM of $13.5 trillion as of September 30, 2025.
- Q3 revenue rose 27% YoY to $6.51 billion, with base fees of $5.42 billion.
- Q3 adjusted net income was $1.91 billion, delivering $11.55 EPS.
- Operating expenses totaled $3.89 billion, up 27% YoY.
- Returned capital via $375 million of share repurchases and declared a $5.21 dividend per share.
- Ended Q3 with $13.5 trillion in AUM and $205 billion of net inflows, driving 10% annualized organic base fee growth; iShares ETFs led with $153 billion of inflows
- Generated Q3 revenue of $6.5 billion (+25% YoY), operating income of $2.6 billion (+23%), and adjusted EPS of $11.55 (+1%)
- Technology services and subscription revenue grew 28% YoY, and annual contract value rose 29% (13% organically)
- Repurchased $375 million of shares in Q3 (guiding at least the same in Q4) and completed acquisitions of HPS Investment Partners, Elmtree, GIP, and Preqin to expand private markets and digital-asset offerings
- GAAP diluted EPS of $8.43; adjusted EPS of $11.55
- Total net inflows of $205 billion; organic base fee growth of 10% in Q3 and 8% over the last 12 months, led by record iShares ETF, private markets, and cash flows
- Revenue up 25% year-over-year, driven by market performance, 8% organic base fee growth, and fees related to the GIP and HPS transactions
- AUM at a record $13.5 trillion (including $5 trillion in iShares ETFs and $1 trillion in cash); $375 million of share repurchases in Q3; closed HPS acquisition adding $165 billion of AUM
- BlackRock posted Q3 revenue of $6.51 billion and adjusted EPS of $11.55, surpassing expectations.
- Assets under management hit a record $13.46 trillion, driven by $205 billion of net inflows at iShares and $17 billion into digital-asset ETFs.
- Private-markets AUM climbed to $321 billion, generating $951 million in fees and $13.2 billion of net inflows (including $7.9 billion into private credit).
- Strategic acquisitions of HPS, Global Infrastructure Partners and Preqin expanded private-market AUM and boosted subscription/fee revenue.
- GAAP net income declined ~19% to $1.32 billion, and GAAP diluted EPS fell to $8.43, as higher expenses and weaker non-operating results weighed on earnings.
- AMINA Bank, regulated by FINMA, is the first bank offering institutional staking for Polygon’s native token POL with premiums up to 15% through a partnership with the Polygon Foundation
- The 15% staking yield comprises AMINA’s standard 4–5% rewards plus an additional bonus funded by the Polygon Foundation
- The service is available to qualified institutional participants—UHNWIs, asset managers, family offices, pension funds—meeting AMINA’s KYC and compliance requirements
- Polygon’s PoS network secures nearly $3 billion in stablecoin market cap and supports major enterprise projects and tokenized real-world assets
- AMINA Bank AG has become the first globally regulated bank to provide institutional-grade staking services for Polygon’s native token POL.
- Through collaboration with the Polygon Foundation, clients can earn up to 15% staking rewards, including a 4–5% base yield from AMINA and additional incentives from the foundation.
- The service leverages existing POL custody and trading infrastructure, offering clients a regulated pathway to participate in Web3 with top network uptime and security standards.
- The Polygon network is already supported by leading financial institutions such as BlackRock, JPMorgan, and Franklin Templeton, underpinning its role as a key blockchain infrastructure.