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$15.3 trillion in assets under management: the second-quarter figure BlackRock posted is a record for the US-based asset manager.
Net income for the period reached $1.9 billion, up 20% year over year, with a capital markets boom credited as the driver. Annualized, the quarterly earnings pace runs at approximately $7.6 billion.
Q2 at a glance | Metric | Value | Label | |---|---|---| | AUM | $15.3tn | Reported (record) | | Net income | $1.9bn | Reported | | Net income YoY growth | +20% | Reported | | Prior-year Q2 net income (implied) | $1.58bn | Derived | | Annualized net income run-rate | $7.6bn | Derived | | Annualized net income / AUM | 5 bps | Derived | The earnings math The 20% year-over-year gain to $1.9 billion implies the prior-year second-quarter net income at roughly $1.58 billion.
BlackRock added approximately $317 million in incremental quarterly earnings on that comparison. Capital markets conditions were the stated catalyst; the source does not break out revenue components or fee rates.
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