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

Reported Q: Q4 2023 Rev YoY: +12.9% EPS YoY: +10.3% Move: -3.57%

BlackRock Inc

BLK

$933.85 -3.57%

Exchange NYSE Sector Financial Services Industry Asset Management

Q4 2023

Published: Feb 23, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for BLK

Reported

Report Date

Feb 23, 2024

Quarter Q4 2023

Revenue

4.90B

YoY: +12.9%

EPS

9.15

YoY: +10.3%

Market Move

-3.57%

Previous quarter: N/A

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Earnings Highlights

Revenue of $4.90B up 12.9% year-over-year
EPS of $9.15 increased by 10.3% from previous year
Gross margin of 83.3%
Net income of 1.38B
""We're doing that again today, guiding us always by the needs of our clients. Growing public deficits... are driving the mobilization of private capital to fund critical infrastructure."" - Laurence Fink

BLK

BlackRock Inc

Period Q4 2023

Currency USD

Report Type Quarterly Earnings

Generated Mar 27, 2026

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Executive Summary

BlackRock Inc's Q4 2023 results illustrate a recovery in the face of challenging market conditions, with a notable strategic acquisition of Global Infrastructure Partners (GIP) set to bolster future growth. The firm reported Q4 revenues of $4.9 billion, up 7% year-over-year, attributed primarily to enhanced market conditions and net inflows of approximately $96 billion. Despite a 2% year-over-year decline in operating income, earnings per share grew by 8% to $9.66. Management emphasizes that the strategic acquisition will position BlackRock favorably within the burgeoning infrastructure investment market, expected to exceed $1 trillion. The solid performance and strong inflows illustrate BlackRock's capability to adapt and thrive amidst evolving client needs and market dynamics, particularly in the private equity segment.

Key Performance Indicators

Revenue

Increasing

4.90B

QoQ: 13.57% | YoY: 12.89%

Gross Profit

Increasing

4.08B

83.30% margin

QoQ: 92.45% | YoY: 90.91%

Operating Income

Increasing

1.91B

QoQ: 25.10% | YoY: 33.78%

Net Income

Increasing

1.38B

QoQ: -14.28% | YoY: 9.21%

EPS

Increasing

9.25

QoQ: -13.95% | YoY: 10.25%

Revenue Trend

Margin Analysis

Financial Highlights

Performance Metrics:
- Q4 Revenue: $4.9 billion (up 7% YoY)
- Operating Income: $1.7 billion (up 9% YoY)
- Net Income: $1.375 billion (up 9.21% YoY)
- Earnings Per Share: $9.66 (up 8% YoY)

Year-On-Year Comparisons:
- Total Net Inflows: $96 billion in Q4 driven by robust demand for ETFs and private markets.
- Performance Fees: Grew to $311 million, reflecting higher activity in liquid alternatives.
- Market Environment Impact: Heightened risk sentiment led to a resurgence in portfolio reallocations toward risk assets.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	4.90B	12.89%	13.57%
Gross Profit	4.08B	90.91%	92.45%
Operating Income	1.91B	33.78%	25.10%
Net Income	1.38B	9.21%	-14.28%
EPS	9.25	10.25%	-13.95%

Key Financial Ratios

Gross Profit Margin

Excellent

83.30%

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

Operating Profit Margin

Excellent

39.00%

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

Net Profit Margin

Excellent

28.10%

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

Return on Assets

Weak

1.12%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.49%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

15.46

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Conservative

0.20

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Fair Value

21.95x

P/E ratio in line with market averages

Price to Book

Premium

3.07x

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) Q4 2023 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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