BlackRock reported third-quarter 2025 revenue of $6.509 billion, surpassing the anticipated $6.2 billion and marking a 25% increase year-over-year. The company's adjusted earnings per share stood at $11.55, slightly above the forecasted $11.25. Despite these gains, BlackRock experienced a 23% drop in diluted earnings per share and a 3% decline in GAAP operating profit. The firm achieved record net inflows of $205 billion, primarily driven by iShares ETFs and private market investments. Following its acquisition of HPS Investment Partners, BlackRock's assets under management grew by $165 billion. The company plans to capitalize on its expanded private market capabilities and Aladdin technology to drive future growth.