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BlackRock

2030 ambition, 2025 to 2030

Helping more people benefit from the long-term growth of the capital markets
BlackRock’s strategy, at its core

2030 ambition

BlackRock manages $15.3 trillion of assets for clients, after $868 billion of net inflows in the year to June 2026. At its Investor Day in June 2025 it set a 2030 ambition: more than $35 billion of revenue, double its operating income and market value, and 30% or more of revenue from private markets and technology.

Keep alpha at the heart of BlackRock

Investment performance across active, private markets, index, and cash strategies.

  1. 01PlatformOffer alpha-seeking active, private markets, index, and cash strategies across asset classes and regions.
  2. 02SystematicKeep delivering double-digit organic base fee growth from its systematic platform, despite outflows across the industry’s active equity funds.

12 June 202578% of its active assets were above their median or benchmark over five years.

15 July 2026Active strategies drew $53 billion of net inflows in the second quarter of 2026, with a record $7 billion into liquid alternatives.

BlackRock aims for more than $35 billion of revenue by 2030, and to double its operating income

Revenue rose 19% in 2025, to $24.2 billion, and operating income, as adjusted, 18%, to $9.6 billion. BlackRock also aims to double its market value by 2030, from about $140 billion in 2024.,

$20.4bn2024$24.2bn2025$35bn+2030 ambition

One floor to each $1 billion. The 2030 tower shows 2025’s floors built and the rest in scaffolding.

BlackRock targets organic base fee growth of 5% or more a year, through the market cycle

Organic base fee growth counts the fees from clients’ net new money, before markets move. It averaged 5% from 2020 to 2024, then reached 9% in 2025 and 10% in the year to June 2026, on record inflows. BlackRock also targets an operating margin, as adjusted, of 45% or more.,,

10%

organic base fee growth, Year to June 2026

0%5%10%Target5% or more

The float rises as high as the growth, on a scale from 0% to 12%.

  1. Say what the business will look like, not only how big.

    BlackRock’s 2030 ambition sets a revenue figure and a mix: private markets and technology are to grow from under a fifth of revenue to 30% or more. We recommend setting targets for the shape of the business as well as its size, so that everyone can see which parts are meant to grow fastest.

  2. Buy what you cannot build in time.

    To reach its private markets ambition, BlackRock bought GIP for infrastructure, HPS for private credit, and Preqin for private markets data. We recommend tying each acquisition to a named part of the strategy, so that the reason for buying is as clear as the price.

  3. Targets that hold through the cycle.

    BlackRock targets 5% or more organic base fee growth and a 45% or higher margin through the market cycle, not in a single year. We recommend choosing measures the company controls, such as growth from new clients’ money, so that a rising market does not flatter the plan.

Sources

  1. 1. BlackRock (2025). BlackRock’s 2030 ambition. Investor Day presentation, 12 June 2025. s24.q4cdn.com
  2. 2. BlackRock (2026). BlackRock reports full year 2025 diluted EPS of $35.31, or $48.09 as adjusted. Results release, 15 January 2026. sec.gov
  3. 3. BlackRock (2026). Annual report for the fiscal year ended December 31, 2025. Form 10-K, 25 February 2026. sec.gov
  4. 4. BlackRock (2026). BlackRock reports second quarter 2026 diluted EPS of $12.19, or $13.91 as adjusted. Results release, 15 July 2026. sec.gov

Headwater is not connected with BlackRock, Inc. BlackRock, iShares, Aladdin, and LifePath are trade marks of their owners. Updated 5 October 2026.

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