Press Releases

BlackRock Reports Second Quarter 2023 Diluted EPS of $9.06, or $9.28 as adjusted

BlackRock |Jul 14, 2023

New York, July 14, 2023 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three and six months ended June 30, 2023.

  • $80 billion of quarterly total net inflows reflect continued strength of broad-based platform with positive flows across client types and regions
  • $831 billion increase in AUM since year-end 2022, driven by consistent organic growth and positive market and foreign exchange movements
  • 1% decrease in revenue year-over-year primarily driven by the impact of market movements over the past twelve months on average AUM
  • 3% decrease in operating income year-over-year
  • 28% increase in diluted EPS year-over-year (26% as adjusted) reflects significantly higher nonoperating income in the current quarter
  • $375 million of share repurchases in the current quarter

 

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BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate