Investment manager giant BlackRock, Inc. (NYSE:BLK) stock Thursday after the company reported fourth-quarter fiscal 2025 results.
Details
Revenue grew 23% year-over-year (Y/Y) to $7.01 billion, beating the consensus of $6.69 billion.
Adjusted operating income rose 22% Y/Y to $2.85 billion. Adjusted EPS increased 10% Y/Y to $13.16, beating the consensus of $12.25.
Revenue and Profit Breakdown
Investment advisory, administration fees, and securities lending revenue increased to $5.28 billion from $4.42 billion a year ago. This was primarily driven by annualized organic base fee growth of 12%, market beta effects on average AUM, and roughly $230 million in fees from the HPS Transaction. Securities lending revenue increased to $174 million from $161 million, primarily driven by wider spreads.
Investment advisory performance fees escalated to $754 million from $451 …