BlackRock posted net inflows of $342 billion in the fourth quarter, driving total assets under management to a record $14 trillion by December 31, 2025. Fee revenue climbed 23% year-over-year, supported by a 45% operating margin on a fee-driven model. Adjusted earnings per share rose 10% versus the prior year, while the firm returned $3 billion to shareholders through buybacks and dividends. Strong performance in core iShares ETFs, which saw $150 billion of net new investment, underpinned the quarter’s results and demonstrated continued investor demand for low-cost, passive strategies.

BlackRock announced that on or around February 23, 2026 it will migrate the primary listing venue for four money-market and Treasury bond iShares ETFs—Government Money Market ETF, Prime Money Market ETF, 0-3 Month Treasury Bond ETF, and 0-1 Year Treasury Bond ETF—from NYSE Arca and Nasdaq to the New York Stock Exchange. The relocation is intended to enhance market quality and liquidity by leveraging NYSE’s trading infrastructure. No action is required from existing shareholders, and the last trading day on current venues will be February 20, 2026.

BlackRock unveiled a plan to raise $400 billion in gross private-market assets by 2030, building on $40 billion of net private-market inflows recorded in 2025. The initiative will integrate private credit, infrastructure and real assets into mainstream retirement solutions, including the launch of a LifePath target-date fund with a private-markets sleeve later this year. The strategy leverages the firm’s Aladdin risk-management platform, its $3.5 billion Preqin acquisition, and emerging tokenization techniques to create investable indices and broaden investor access to traditionally illiquid asset classes.