Assets under management at BlackRock reached half of U.S. GDP after rising 15%

BlackRock, the world’s largest investment firm led by Larry Fink, reported that at the end of the third quarter, its assets under management—a metric that accounts for a significant portion of its profits— — rose 15% year-over-year to nearly $15.5 trillion. That is roughly half of U.S. GDP, which is estimated at $31.1 trillion on an annualized basis for the third quarter, notes MarketWatch.

BlackRock's adjusted earnings per share for the third quarter of 2026, which ended on September 30, jumped 38% compared with the same period last year—to $15.93—exceeding the expectations of analysts surveyed by FactSet by 11%, according to MarketWatch. The investment firm’s third-quarter revenue increased 19% year-over-year to $7.75 billion, exceeding the consensus estimate by more than 4%.

Net inflows of client funds totaled $205 billion. The bulk of these inflows—$135 billion—came from the iShares line of exchange-traded funds (ETFs). However, BlackRock’s assets under management ($15.49 trillion—now equivalent to roughly half of the U.S.’s annual GDP) fell slightly short of analysts’ expectations of $15.52 trillion, notes MarketWatch.

“We are entering the fourth quarter—traditionally our strongest—with growing momentum and a broad foundation across all areas, from comprehensive portfolio management to private markets, retirement products, and our international platforms,” said Larry Fink, chairman of the board of directors and CEO of BlackRock, according to MarketWatch.

BlackRock shares rose 4% at one point on October 14, but then slowed to a gain of about 1%. Year-to-date, the company's shares have gained about 1%.

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