BlackRock (NYSE:BLK) posted blowout Q4 results, with a sizable beat on both revenue and EPS. Net inflows were robust at $268 billion in long-term assets, driving AUM to a record $14.04 trillion, though partially offset by institutional index outflows. As expected, no formal forward guidance was provided, but management highlighted ongoing HPS contributions and ambitions to raise $400 billion in private markets through 2030.
The firm surpassed its organic base fee growth target with 12% in the quarter and 9% for the full year, underscoring execution amid market volatility. BlackRock continues expanding private markets via HPS integration and infrastructure platforms like GIP, while iShares ETFs continues to expand globally.
For more details, key highlights, and commentary, check out the high-level earnings summary.
