BlackRock ended December 2025 with $14.042 trillion in assets under management, up 21.6% year over year, beating estimates. The firm’s passive offerings attracted flows, driving overall growth.

Net long-term inflows of $268 billion in Q4 led to 8.6% organic AUM growth, surpassing expectations. iShares platform drove a record $181 billion in net inflows, with 13.9% growth rate.

BlackRock continues to benefit from market gains despite potential headwinds from government policies. Fair value estimate may increase to $1,200 per share, considering AUM baseline adjustments.

Despite strong performance, cautious outlook remains for BlackRock and US-based asset managers due to potential impacts of governmental policies on financial markets.

Read more at Morningstar: BlackRock Earnings: Market Gains and Record Inflows Drive AUM and Revenue to New Highs