What is Blackrock's sub-advisory and other expense?

Blackrock (BLK) reported sub-advisory and other expense of $80.00M in Q4 2025.

How has Blackrock's sub-advisory and other expense changed year-over-year?

Blackrock's sub-advisory and other expense increased by 90.5% year-over-year, from $42.00M to $80.00M.

What is the long-term trend for Blackrock's sub-advisory and other expense?

Over 2 years (2022 to 2025), Blackrock's sub-advisory and other expense has grown at a 50.4% compound annual growth rate (CAGR), from $103.00M to $233.00M.

What does sub-advisory and other expense mean?

Fees paid to external managers for providing investment advice or managing specific fund strategies.

Operating Expenses

Sub-advisory and other expense

Blackrock Sub-advisory and other expense increased by 33.3% to $80.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 90.5%, from $42.00M to $80.00M. Over 2 years (FY 2022 to FY 2025), Sub-advisory and other expense shows an upward trend with a 50.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement

SectionOperating Expenses

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2022

Last reportedQ4 2025

How to read this metric

Higher expenses indicate a greater reliance on external expertise, while lower expenses suggest a shift toward internalizing investment management capabilities.

Detailed definition

This metric reflects fees paid to third-party investment managers for sub-advisory services and other specialized invest...

Peer comparison

Common in large asset managers that utilize a mix of internal and external investment teams.

Metric ID: is_blk_sub_advisory_and_other_expense

Historical Data

13 periods

	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q3 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25
Value	$25.75M	$25.75M	$25.75M	$25.75M	$28.00M	$32.00M	$32.00M	$34.00M	$42.00M	$47.00M	$46.00M	$60.00M	$80.00M
QoQ Change	—	+0.0%	+0.0%	+0.0%	+8.7%	+14.3%	+0.0%	+6.3%	+23.5%	+11.9%	-2.1%	+30.4%	+33.3%
YoY Change	—	—	—	—	+8.7%	—	—	+21.4%	—	+46.9%	+43.8%	+76.5%	+90.5%

Range$25.75M – $80.00M

CAGR+45.9%

Avg YoY Growth+48.0%

Median YoY Growth+45.3%

Current Streak2 quarters growth

Frequently Asked Questions

What is Blackrock's sub-advisory and other expense?: Blackrock (BLK) reported sub-advisory and other expense of $80.00M in Q4 2025.
How has Blackrock's sub-advisory and other expense changed year-over-year?: Blackrock's sub-advisory and other expense increased by 90.5% year-over-year, from $42.00M to $80.00M.
What is the long-term trend for Blackrock's sub-advisory and other expense?: Over 2 years (2022 to 2025), Blackrock's sub-advisory and other expense has grown at a 50.4% compound annual growth rate (CAGR), from $103.00M to $233.00M.
What does sub-advisory and other expense mean?: Fees paid to external managers for providing investment advice or managing specific fund strategies.