BlackRock Q1 Profit Rises on Strong Active ETF Inflows
BlackRock Q1 profit rose to 2.21 billion dollars as assets under management hit 13.89 trillion dollars. Strong active ETF inflows helped offset market declines.
BLACKROCK INC reported a significant increase in first-quarter profit on Tuesday, as the world's largest asset manager benefited from robust inflows into its exchange-traded funds. The firm's active ETFs have continued to attract investors seeking to navigate market dispersion through low-cost investment options, particularly as global geopolitical tensions and macroeconomic pressures impact the broader market.
Total assets under management (AUM) reached $13.89 trillion, a substantial rise from the $11.58 trillion reported in the same period last year. These strong inflows have helped the investment manager maintain stability and counter the effects of a declining market. For the three months ended March 31, the company posted a net profit of $2.21 billion, or $14.06 per share, compared with $1.51 billion, or $9.64 per share, a year earlier.
In terms of stock performance, BlackRock shares have declined 4.4% so far in 2026, underperforming its smaller peer STATE STREET CORP. This trend comes as the S&P 500 index lost 4.6% during the first quarter of the year. However, following the release of the quarterly results, BlackRock's shares were up 2.42% in premarket trading.
