BlackRock Soars: Crypto ETFs, AI Funds and Mega M&A Propel Assets to Record $13.5T
BlackRock posted Q3 2025 adjusted EPS of $11.55 on $6.51 billion revenue, beating estimates, as assets surged to a record $13.46 trillion with $171 billion in net inflows. The firm closed its $6.5 billion HPS deal, completed the ElmTree Funds acquisition, and saw record ETF demand. BlackRock exited the Net Zero Asset Managers Initiative amid political pressure. Shares trade near all-time highs, up 13% year-to-date.