$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.
At $7.6 billion annualized against $15.3 trillion in assets, net income runs at roughly 5 basis points per year on the asset base.