BlackRock, the world’s largest asset manager, reported that its assets under management reached a record $15.3 trillion in the second quarter, driven by a combination of rising stock markets and strong investor inflows. This marks an increase from $13.89 trillion in the previous quarter and $12.53 trillion a year earlier.

The New York-based firm attracted $192 billion in net client cash during the quarter, significantly higher than the $68 billion inflow recorded in the same period last year and $130 billion in the first quarter of 2024. The growth was notably supported by demand for BlackRock’s iShares exchange-traded funds (ETFs). Equity products accounted for $71.6 billion of net inflows, while fixed-income products drew $92 billion.

Chief Executive Larry Fink attributed the strong performance to solid market fundamentals, improved profit margins, and momentum supported by new technology. He highlighted the company’s extensive global client relationships as a key factor in BlackRock’s expansion.

In the stock market, shares of BlackRock closed at $1,093.40 in New York, up 6.6 percent or $67.96, following the earnings announcement. The company reported quarterly revenue of $7.1 billion, a 31 percent increase from the previous year. Net profit rose 20 percent to $1.9 billion, exceeding analysts’ expectations. Barclays analysts described the earnings beat as “broad-based,” noting that profit margins expanded more than anticipated. BlackRock’s adjusted operating margin for the quarter was 45.9 percent, its highest level in nearly five years.

Additionally, BlackRock announced an increase in share buybacks for 2026, raising the planned repurchase amount to $2 billion from $1.8 billion.

The strong quarterly results coincide with robust gains in major U.S. stock indices, which posted their largest quarterly increases since 2020. Investor optimism was buoyed by improving earnings reports and a shift in sentiment despite ongoing geopolitical tensions in the Middle East.