Citable filing context

BLK filing events and research context

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BLK's research view summarizes recent SEC filing context, starting with management_change from May 22, 2026.

BLK filing events and research context
FiledItemContext
May 22, 2026management_changeBlackRock shareholders elected 19 directors, approved executive compensation, and ratified auditors at the 2026 Annual Meeting.
Apr 14, 2026earningsBlackRock reported Q1 2026 diluted EPS of $14.06, or $12.53 adjusted, with $130 billion net inflows.
Apr 3, 2026debt_offeringBlackRock increased its revolving credit facility by $400M to $6.3B and extended its maturity to March 31, 2031.
Jan 15, 2026Guidance: private_markets_fundraising400.00 to not reported
Dec 3, 2024Guidance: eps_accretionnot reported to not reported
Dec 3, 2024Guidance: management_fees_increase35.00 to not reported
Feb 25, 2026businessBlackRock's Assets Under Management (AUM) expanded to $11.6 trillion in 2024, a $1.5 trillion increase from 2023, driven by $993 billion in market appreciation, $641 billion in net inflows across equity, fixed income, digital assets, and cash management products, and significant acquisitions including GIP. Foreign exchange movements partially offset this growth by $166 billion. The company's revenue streams include AUM-based investment advisory and administration fees, securities lending, performance fees, and technology services via platforms like Aladdin. Total revenue surged 19% to $24.2 billion in 2025, fueled by market performance, organic base fee growth, and contributions from recent acquisitions such as HPS and Preqin. Concurrently, total expenses increased 34% to $17.2 billion, primarily due to acquisition-related costs and higher employee compensation. BlackRock manages diverse products for retail, ETF, and institutional clients, while navigating market price, interest rate, and foreign exchange risks. The firm maintains robust liquidity, totaling $16.9 billion in 2025.
Feb 25, 2026mdaBlackRock's Assets Under Management reached $14.0 trillion at December 31, 2025, reflecting a 10% five-year compound annual growth rate. This growth stemmed from significant net market valuation gains, robust net inflows, and strategic acquisitions like HPS and GIP. Equity AUM totaled $7.8 trillion (12% CAGR), fixed income $3.3 trillion (4% CAGR), and alternatives $423.6 billion (22% CAGR), with $91 billion in unfunded commitments. Digital assets, a new category, reached $78.4 billion, driven by Bitcoin and Ethereum ETP inflows. iShares ETFs, comprising $5.5 trillion of AUM and 45% of long-term base fees, saw strong inflows across equity, fixed income, and digital assets. The technology services segment, primarily Aladdin, generated $2.0 billion in revenue, up 24%, with annual contract value (ACV) increasing 31% (16% excluding the Preqin acquisition, which enhances private markets data). Securities lending balances rose to $455 billion. The company navigates an extensive and evolving global regulatory landscape, including new rules on sustainability (ISSB, SFDR 2.0), money market funds, macroprudential policies, and US outbound investment screening. Key risks include market volatility, geopolitical events, intense competition leading to potential fee compression, and operational risks like cyber threats and talent retention.

Source: SEC EDGAR filing text and events; period May 22, 2026; filed May 22, 2026.

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