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'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
4.90B
QoQ: 13.57% | YoY:12.89%
Gross Profit
4.08B
83.30% margin
QoQ: 92.45% | YoY:90.91%
Operating Income
1.91B
QoQ: 25.10% | YoY:33.78%
Net Income
1.38B
QoQ: -14.28% | YoY:9.21%
EPS
9.25
QoQ: -13.95% | YoY:10.25%
Revenue Trend
Margin Analysis
Key Insights
- **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.