BlackRock Earnings Report

The World's Largest Asset Manager, $Blackrock (BLK.US)$ , Hits $10.6 Trillion In AUM — +$1.2 Trillion YoY

Here are the key takeaways from their latest earnings release:

• Adj EPS: $10.36 vs exp $9.96 (+10% YoY)

• Revenue: $4.81B vs exp $4.87B (+8% YoY)

• Net Inflows: $81.57B vs exp $101.24B

• $139 billion of 1H total net inflows

• $10.6 trillion in AUM, +$1.2 trillion YoY

• Fee Revenue: $3.4B (+4% YoY)

• Net Income: $1.495B (+9% YoY)

• Operating Income: $1.8B (+11% YoY)

CEO Larry Fink commented: "BlackRock generated nearly $140 billion of total net inflows in the first half of 2024, including $82 billion in the second quarter resulting in 3% organic base fee growth.

Organic growth was driven by private markets, retail active fixed income, and surging flows into our ETFs, which had their best start to a year on record."