The world's largest asset manager, BlackRock, reported a decline in profits for the fourth quarter of 2025, impacted by rising expenses. Despite this, the company beat analyst expectations for adjusted earnings and ended the year with managed assets exceeding $14 trillion for the first time in its history. In the fourth quarter, the company's net income was $1.13 billion, down 33% compared to the same period last year. Excluding one-time items, earnings per share came in at $13.16, surpassing the analyst consensus estimate of $12.24 per share, according to FactSet data.
