BlackRock Reports Record $11.5 Trillion AUM, Q3 EPS at $11.46, Revenue $5.2 Billion, and $221 Billion Net Inflows

Oct 11, 2024, 11:58 AM

BlackRock Inc. reported strong third-quarter earnings, surpassing analyst expectations with an adjusted earnings per share (EPS) of $11.46, compared to the estimated $10.40. The company's revenue reached $5.2 billion, exceeding the forecast of $5.0 billion. BlackRock's assets under management (AUM) surged to a record $11.5 trillion, up 26% year-over-year, driven by significant client inflows. The firm attracted $221.2 billion in net inflows during the quarter, significantly higher than the estimated $127.2 billion. This influx included $160.2 billion in long-term net inflows, also surpassing expectations. The operating margin improved to 45.8%, up from 42.3% year-over-year. BlackRock's CEO highlighted the firm's robust performance, noting that the assets managed on behalf of clients grew by $2.4 trillion over the past year, with total net inflows reaching $456 billion over the same period.