BlackRock Inc. Announces Financial Results for Q1 2025

BlackRock Inc. revealed on Friday that its revenue for the first quarter of fiscal 2025 reached $5.3 billion, marking a significant 12% increase compared to the same period in 2024.

Despite Revenue Growth, Net Income Sees a Decline

The financial giant reported a net income of $1.5 billion for the quarter, a 4% decrease year-over-year. Diluted earnings per share also fell by 8% to $9.64, while operating income remained steady at $1.7 billion.

CEO Larry Fink's Perspective on the Results

"BlackRock's positioning and connectivity with clients are stronger than ever, and it’s clear in our results... The goal for us is to keep our clients focused on the long-term, and help them achieve any near-term allocation or liquidity changes they need within the BlackRock platform," commented CEO Larry Fink.