BlackRock, Inc. is a Asset Management & Financial Technology company headquartered in New York, New York, United States. In FY2025, it reported $24.2B in site-standard revenue and about $5.553B in net income attributable to BlackRock. It had about 25,000 employees and is led by Larry Fink.
How BlackRock Makes Money
BlackRock makes money from investment advisory and administration fees, performance fees, technology services, subscription revenue, distribution fees, and securities lending. Its customers include institutions, pension plans, governments, wealth managers, financial advisors, insurers, corporations, and individual investors. Base fees on assets under management remain the largest driver, while iShares, private markets, and Aladdin expand the revenue mix.
BlackRock Strategy
BlackRock competes through scale, low-cost beta, active and systematic strategies, private markets, Aladdin technology, and deep institutional relationships. The strategic focus is organic base-fee growth, private-market expansion, technology revenue, retirement solutions, and global ETF leadership.
BlackRock Financials
BlackRock's FY2025 filing reports $24.216B in total revenue, $5.553B in net income attributable to BlackRock, $7.045B in operating income, and nearly 25,000 employees. BlackRock reported FY2025 net income attributable to BlackRock of $5.553B.
BlackRock Competitive Position
BlackRock's advantage is unmatched ETF scale, institutional trust, Aladdin workflow integration, broad product coverage, and global distribution. It competes with Vanguard, Fidelity Investments, Morgan Stanley and other companies across Asset Management & Financial Technology.
BlackRock Risks
BlackRock's biggest risk is sensitivity to market levels, fee compression, regulatory scrutiny, and execution risk as private-market acquisitions expand the platform.
