Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2024 Rev YoY: +24.7% EPS YoY: +2.5% Move: +2.44%

BlackRock Inc

BLK

$1 082.11 2.44%

Exchange NYSE Sector Financial Services Industry Asset Management

Q3 2024

Published: Sep 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for BLK

Reported

Report Date

Sep 30, 2024

Quarter Q3 2024

Revenue

5.37B

YoY: +24.7%

EPS

10.90

YoY: +2.5%

Market Move

+2.44%

Previous quarter: Q2 2024

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Earnings Highlights

Revenue of $5.37B up 24.7% year-over-year
EPS of $10.90 increased by 2.5% from previous year
Gross margin of 82.1%
Net income of 1.63B
"*"Our business tends to be seasonally strongest in the fourth quarter and we maintain line of sight into a broad global opportunity set of new asset management and technology mandates that should fuel organic growth."* - Martin S. Small" - Martin S. Small

BLK

BlackRock Inc

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 9, 2026

Executive Summary

BlackRock Inc reported exceptional financial performance for the third quarter of 2024, achieving a record $221 billion in net inflows, the highest in the company’s history. This robust growth was driven largely by increased client sentiment, a diversified product offering, and strategic focus on high-growth areas such as private markets and technology. Revenue surged to $5.4 billion, up 15% year-over-year, while operating income increased by 26% to $2.1 billion, reflecting strong operating leverage and improved efficiency. Because of these factors, BlackRock expects continued momentum into the fourth quarter, traditionally its strongest period for client inflows.

Key Performance Indicators

Revenue

Increasing

5.37B

QoQ: 8.00% | YoY: 24.66%

Gross Profit

Increasing

4.41B

82.10% margin

QoQ: 11.11% | YoY: 108.31%

Operating Income

Increasing

2.18B

QoQ: 11.15% | YoY: 43.12%

Net Income

Increasing

1.63B

QoQ: 9.10% | YoY: 1.68%

EPS

Increasing

11.02

QoQ: 9.43% | YoY: 2.51%

Revenue Trend

Margin Analysis

Financial Highlights

- Revenue: $5.4 billion, up 15% YoY, driven by strong organic base fee growth of 5%.
- Net Income: $1.631 billion, resulting in an EPS of $11.02, a 5% increase YoY.
- Operating Margin: Remained robust at 45.8%, up 350 basis points from the previous year, showcasing effective cost management.
- Assets Under Management (AUM): Ended the quarter at $11.5 trillion, with a 26% increase over the past year.
- Net Inflows: $221 billion, marking an 8% annualized organic growth rate.

Overall, BlackRock's strategic positioning in higher fee and growth areas, alongside an efficient cost structure, has established a solid financial foundation for continued success.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	5.37B	24.66%	8.00%
Gross Profit	4.41B	108.31%	11.11%
Operating Income	2.18B	43.12%	11.15%
Net Income	1.63B	1.68%	9.10%
EPS	11.02	2.51%	9.43%

Key Financial Ratios

Gross Profit Margin

Excellent

82.10%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Excellent

40.60%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Excellent

30.30%

Net profit margin is exceptional, indicating strong pricing power and operational efficiency

Return on Assets

Weak

1.23%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.96%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

18.63

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Moderate

0.34

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Fair Value

21.54x

P/E ratio in line with market averages

Price to Book

Premium

3.41x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	5,677.00	10.64	+16.0%	View
Q3 2024	5,374.00	10.90	+24.7%	View
Q2 2024	4,976.00	9.99	+11.5%	View
Q1 2024	4,899.00	10.48	+15.5%	View
Q4 2023	4,896.00	9.15	+12.9%	View

BlackRock Inc (BLK) Q3 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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