BlackRock's Assets Hit $15.49T, Surpassing US Economy Halfway

BlackRock's assets under management reached a record $15.49 trillion in Q3, driven by $205 billion in net inflows.

BlackRock reported a record $15.49 trillion in assets under management at the end of the third quarter, fueled by $205 billion in net client inflows, according to its SEC filing. The firm's GAAP earnings were $10.57 per share, with adjusted earnings at $15.93. Revenue increased by 19% to $7.75 billion, and the company raised $68 billion in private markets over the past year. BlackRock's AI Infrastructure Partnership made its first deployment during the quarter, highlighting its strategic expansion into emerging technologies. CEO Larry Fink emphasized the strong client trust, noting $869 billion in inflows over the past year and a robust fourth-quarter outlook. The firm's iShares ETFs attracted $135 billion in net inflows, and it repurchased $550 million in shares, enhancing shareholder value. Fink highlighted strong market fundamentals and momentum driven by technological advancements, positioning BlackRock for continued growth in 2026.