Larry Fink's firm has brought in more than $150 billion in net inflows this year.

BlackRock reported second-quarter net income of $1.59 billion, up 7% from a year ago on a GAAP basis, the firm said Tuesday. That amounted to earnings per share of $10.19, topping the $10.06 expected by analysts.

The investment firm’s assets rose to a record $12.53 trillion in the second quarter, buoyed by record-high U.S. stock prices and $68 billion of net client inflows. That’s up 18% from a year ago.