BLK
BlackRock Inc
Q4 2024 Report
BlackRock Inc (BLK) Q4 2024 Financial Results: Impressive Growth Amid Strategic Transitions...
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Executive Summary
BlackRock Inc (NYSE: BLK) reported robust financial results for Q2 2024, marked by significant growth in earnings and assets under management (AUM). The company's revenue increased by 8% year-over-year to $4.976 billion, driven by strong organic growth and favorable market conditions. BlackRock's AUM reached a record $10.6 trillion, bolstered by net inflows of $82 billion, indicating successful client engagement and confidence in its investment strategies. Management's focus on diversifying revenue through private market initiatives and technology acquisitions positions BlackRock strategically to achieve long-term growth objectives, with an organic base fee growth target of 5%. Overall, the firm is well-placed to capitalize on emerging opportunities in the asset management sector.
Key Performance Indicators
Revenue
4.98B
QoQ: 1.57% | YoY:11.49%
Gross Profit
3.97B
79.80% margin
QoQ: -1.00% | YoY:82.83%
Operating Income
1.97B
QoQ: 5.70% | YoY:21.67%
Net Income
1.50B
QoQ: -4.96% | YoY:9.44%
EPS
10.07
QoQ: -4.82% | YoY:10.30%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $4.976 billion (YoY: +8%)
- **Operating Income**: $1.965 billion (YoY: +12%)
- **Net Income**: $1.495 billion (YoY: +9.44%)
- **Earnings Per Share (EPS)**: $10.07 (YoY: +10.30%)
- **Assets Under Management (AUM)**: $10.6 trillion (up from $10 trillion)