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BlackRock's Q1 Earnings Drop Despite Record Assets Growth

4/11/2025

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Summary

Story summary

BlackRock's Q1 net income fell to $1.5 billion, a 4% decrease from last year, missing forecasts.
Earnings per share were reported at $9.64, slightly below the expected $9.67.
Revenue totaled $5.28 billion, falling short of projections.
The firm achieved a record $11.58 trillion in assets under management, an 11% increase year-over-year.
CEO Larry Fink highlighted client worries regarding economic uncertainty and recession risks.

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Story summary

BlackRock's Q1 net income fell to $1.5 billion, a 4% decrease from last year, missing forecasts.
Earnings per share were reported at $9.64, slightly below the expected $9.67.
Revenue totaled $5.28 billion, falling short of projections.
The firm achieved a record $11.58 trillion in assets under management, an 11% increase year-over-year.
CEO Larry Fink highlighted client worries regarding economic uncertainty and recession risks.