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Larry Fink’s Annual Chairman’s Letter to Investors

This year's letter reflects on inflation, rising rates, stresses in the banking sector, and a fragmented global economy, and BlackRock's commitment to help clients see these challenges as opportunities as they invest for the long term.

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What has made our investments so successful is our steadfast commitment to integrate our capabilities as one platform, with one culture, using one technology.

Total return since BlackRock's IPO1

BlackRock 9,698%
S&P BMI Asset Manager Index 517%
S&P 500 468%

Financial Highlights

It’s our clients’ trust in BlackRock and our partnership with them that is the foundation of our record 2022 results.

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Explore the report

BlackRock is investing for the future so we can provide more choice to clients, inspire our employees, and deliver durable returns for our shareholders.

  1. Source: S&P Global. The performance graph is not necessarily indicative of future investment performance. Please refer to the Important Notes section for information on constituents of the S&P U.S. BMI Asset Management & Custody Banks Index.