### Revenue Performance
- Revenue: $5.677 billion (YoY +15.95%, QoQ +5.64%)
- Gross Profit: $2.796 billion (YoY +21.14%, QoQ -36.63%)
- Net Income: $1.67 billion (YoY +21.45%, QoQ +2.39%)
The substantial growth in revenue reflects BlackRock's mastery in navigating the complex financial environment. An increase in investment flows into their diversified portfolios, especially in alternative assets, despite a competitive landscape, underpinned this performance.
### Profitability
- Operating Income: $2.075 billion (YoY +8.70%, QoQ -4.99%)
- EPS: $10.78 (YoY +16.54%, QoQ -2.18%)
Despite pressures in operating expenses leading to fluctuations in gross profit margins, BlackRock maintained solid profitability metrics, which are indicative of effective operational management and strategic positioning in the market.
### Cash Flow Analysis
- Net Cash from Operating Activities: $2.548 billion
- Free Cash Flow: $2.528 billion
The positive cash flow situation, particularly in the operational segment, demonstrates BlackRock's ability to generate liquidity efficiently while meeting its investment obligations.