BlackRock's Q1 2025 earnings report

BlackRock Reports Q4 EPS of $11.93, Revenue of $5.68B, and $11.6T AUM with Record $641B Annual Inflows

Jan 15, 2025, 11:10 AM

BlackRock Inc. reported its fourth-quarter earnings for 2024, surpassing expectations with an adjusted earnings per share of $11.93, compared to the estimated $11.43. Revenue for the quarter reached $5.68 billion, exceeding the anticipated $5.58 billion. The company's assets under management (AUM) stood at $11.6 trillion, slightly below the expected $11.66 trillion. BlackRock experienced robust net inflows of $281.4 billion, significantly higher than the estimated $198.4 billion and a year-over-year increase of 194%. Long-term net inflows were also strong at $200.7 billion, surpassing the estimate of $159.9 billion. For the full year of 2024, BlackRock achieved a record $641 billion in net inflows, with CEO Larry Fink highlighting the firm's strategic acquisitions and growth in client engagement. The company's annual revenue crossed $20 billion, marking a 14% increase from the previous year, while adjusted operating income grew by 23% with an industry-leading margin of 44.5%. BlackRock's performance reflects its ongoing strategy of expanding through acquisitions and enhancing its private markets investment and data capabilities. The firm also reported 7% organic base fee growth and 12% technology services ACV growth. Since its IPO 25 years ago, BlackRock has delivered a 21% compounded annual total return for its shareholders, compared to 8% in the S&P 500, entering 2025 with significant growth potential.