Investment manager giant BlackRock, Inc. (NYSE:BLK) reported that second-quarter 2025 revenue grew 13% year-over-year to $5.42 billion, beating the consensus of $5.34 billion.
Investment advisory, administration fees, and securities lending revenue increased to $4.45 billion from $3.88 billion a year ago, primarily driven by organic base fee growth, the impact of market beta and foreign exchange movements on average AUM, and approximately $240 million of fees related to the GIP Transaction.
