Analysts React To BlackRock's Q2 Earnings Beat Amid Margin Pressures

BlackRock, Inc. (NYSE:BLK) on Tuesday reported that second-quarter 2025 revenue grew 13% year-over-year to $5.42 billion, beating the consensus of $5.34 billion. 

Adjusted operating income rose 12% to $2.09 billion. Adjusted EPS increased 16% to $12.05, beating the consensus of $10.80.

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Goldman Sachs maintains the Buy rating on BlackRock, revising the price forecast $1,163 from $1,115.

Analyst Alexander Blostein on Wednesday wrote the investors grappled with margin commentary that pointed to ~44.5% margin in the second half of 2025, weaker than buyside expectations following the integration of HPS

“We remain constructive on BLK’s ability to generate 6%-7% organic base fee growth, as the revenue base continues to mix towards private markets and see a meaningful ramp in performance fees over the ...