Blackrock Sees $84 Billion Inflows in Q1 As ETFs and Tech Services Fuel Growth

Blackrock posted strong Q1 2025 results, driven by record exchange-traded fund (ETF) inflows and expanding tech service revenues. The firm saw $84 billion in net inflows and a 12% revenue increase, highlighting growing investor demand across asset classes.

Blackrock’s Q1 Earnings Soar with Record Ishares ETF Demand

Blackrock kicked off 2025 with a robust first quarter, reporting $84 billion in total net inflows and $5.28 billion in revenue, marking a 12% year-over-year increase. The performance was fueled by record-breaking demand for Ishares ETFs, as well as gains in private markets and active strategies.

According to its earnings report, the asset management giant also saw strong contributions from its technology division, with a 16% year-over-year rise in tech services and subscription revenue. This growth was powered by continued momentum in its Aladdin platform and a partial boost from the recently closed Preqin acquisition.

Adjusted earnings per share came in at $11.30, up 15% from Q1 2024, while adjusted operating income rose 14% year-over-year. Despite some drag from acquisition-related costs, which affected GAAP numbers, Blackrock maintained positive operating trends.

The firm also returned $375 million to shareholders through buybacks and raised its dividend to $5.21 per share, a 2% increase.

CEO Larry Fink noted that the company’s diverse platform and growing demand for ETFs and tech services are positioning Blackrock well for continued growth in a dynamic market environment.

We’ve intentionally shaped our platform to serve clients in all market environments, building a premier global public-private markets investment and technology firm. We have leading franchises in categories that we expect to benefit from capital flows and investment, even against volatile public markets. These include our newly enriched private markets platform, ETFs, and Aladdin risk management and technology.