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BlackRock’s Assets Under Management (AUM) in 2024

Marian Georgiev| Updated January 19th, 2024

BlackRock is the world’s largest investment manager, with slightly over $9.1 trillion reported total assets under management (as of Q3 2023). To put that into perspective,  only two countries on the planet have a GDP (Gross Domestic Product) higher than that. The company has disclosed 5,445 total holdings and is a major investor in virtually every industry imaginable. 

In this article, we will look deeper into BlackRock’s current and historical assets under management.

Brief History

BlackRock was founded in 1988 under the name of BlackStone by eight partners who took on the mission to provide the best client-oriented asset management services. By 1989, in just under a year, the company was already managing a staggering $2.7 billion AUM. By 1991, BlackStone’s AUM was $9 billion; in 1992, the company adopted the name BlackRock. In 1999, BlackRock had its Initial Public Offering on the New York Stock Exchange. By that time, Blackrock’s assets under management were already over $165 billion.

In 2009, Blackrock acquired Barclay’s Global Investors (BGI) and became the world’s largest asset manager. In 2013, BlackRock launched iShares, which has since become the world’s largest ETF provider with over 800 products and $2 trillion AUM.

In 2021, BlackRock became the first asset manager to hit the $10 trillion AUM mark, and after a small setback in 2022, BlackRock seems to be on the rise again.

BlackRock’s Assets Under Management

All the data from the tables below are retrieved from BlackRock’s annual and quarterly reports on their official website.

The following table shows BlackRock’s AUM, Revenue, Net income and Diluted Earnings per share for the last 15 years.

Year AUM* Revenue* Net income* Diluted EPS
2008 1,307,151 5,064 8,581 6.45
2009 3,346,256 4,700 875 6.11
2010 3,560,968 8,612 2,063 10.55
2011 3,512,681 9,081 2,337 12.37
2012 3,791,588 9,337 2,458 13.79
2013 4,324,088 10,180 2,932 16.87
2014 4,651,895 11,081 3,294 19.25
2015 4,645,412 11,401 3,345 19.79
2016 5,147,852 11,155 3,172 19.04
2017 6,288,195 12,491 4,970 30.23
2018 5,975,818 14,198 4,305 26.58
2019 7,429,633 14,539 4,476 28.43
2020 8,676,680 16,205 4,932 31.85
2021 10,010,143 19,374 5,901 38.22
2022 8,594,485 17,873 5,178 33.97
2023/Q3 9,100,825 4,522 1,604 10.66

*$mm, except per share data (Diluted EPS)

BlackRock assets under management

In the next table, you can find a summary of BlackRock’s key quarterly financial results since the beginning of 2021.

Year/Quarter AUM* Revenue* Net Income* Diluted EPS
2021/Q1 9,007,411 4,398 1,199 7.77
2021/Q2 9,495,993 4,820 1,378 8.92
2021/Q3 9,463,662 5,050 1,681 10.89
2021/Q4 10,010,143 5,106 1,643 10.63
2022/Q1 9,569,513 4,699 1,436 9.35
2022/Q2 8,487,410 4,526 1,077 7.06
2022/Q3 7,961,373 4,311 1,406 9.25
2022/Q4 8,594,485 4,337 1,259 8.29
2023/Q1 9,090,271 4,243 1,157 7.64
2023/Q2 9,425,212 4,463 1,366 9.06
2023/Q3 9,100,825 4,522 1,604 10.66

*$mm, except per share data (Diluted EPS)

BlackRock’s AUM by asset class

In the following table, you can see BlackRock’s AUM by asset class.

Asset class 2023/Q3 2022 2021 2020 2019 2018
Equity 4,741,291 4,435,354 5,342,360 4,419,806 3,820,329 3,035,825
Fixed Income 2,576,205 2,536,823 2,822,041 2,674,488 2,315,392 1,884,417
Multi-asset 788,872 684,904 816,494 658,733 568,121 461,884
Alternatives 270,776 266,210 264,881 235,042 178,072 143,358
Cash management 723,681 671,194 755,057 666,252 545,949 448,565
Advisory 0 0 9,310 22,359 1,770 1,769
Total 9,100,825 8,594,485 10,010,143 8,676,680 7,429,633 5,975,818

$mm, except per share data

BlackRock’s AUM by region

As of 2023/Q3, BlackRock’s AUM per region are:

In the last table, you can find BlackRock’s AUM by client region on the 31st of December 2022. Data per region is only available for full fiscal years, so we used the 2022 annual report.

Asset class Americas EMEA Asia-Pacific Total
Equity 3,058,433 1,047,542 329,379 4,435,354
Fixed Income 1,577,702 695,127 263,994 2,536,823
Multi-asset 488,164 153,245 43,495 684,904
Alternatives 151,603 84,900 29,707 266,210
Cash management 506,321 156,628 8,245 671,194
Total 5,782,223 2,137,442 674,820 8,594,485

$mm, except per share data

Conclusion

BlackRock-controlled investments have a strong (if not leading) presence in almost all industries. Still, at present, the company seems to have its main focus on the technological sector. Currently, their biggest investments are in Apple, Microsoft, Amazon, Nvidia and Google. If you want to find more detailed information about BlackRock’s holdings, you can do that here.

BlackRock is currently listed on the NYSE under BLK. Its major shareholders are Vanguard Group Inc. and State Street Corporation, which are also, ironically, Blackrock’s biggest competitors. You can find a more detailed list of BlackRock’s largest shareholders here.

Marian Georgiev
Financial Analyst

A financial specialist and enthusiast with experience in Private Equity, Sales and Data Analysis. Passionate about rock climbing, hiking and wild camping.

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