Press Releases

BlackRock Reports First Quarter 2016 Diluted EPS of $3.92, or $4.25 as adjusted

Apr 14, 2016

BlackRock Reports First Quarter 2016 Diluted EPS of $3.92, or $4.25 as adjusted

  • $36.1 billion of long-term net inflows reflect continued resilience of differentiated business model
  • Restructuring charge of $76 million from initiative to streamline and simplify organization excluded from as adjusted results
  • Expansion in as adjusted operating margin from prior year reflects organic growth and expense discipline, despite negative market performance
  • Diluted EPS decrease of 19% (13% as adjusted) year-over-year, reflects impact of decline in average AUM and lower performance fees in current quarter, and lower effective tax rate and one-time nonoperating gain in prior year quarter
  • 5% increase in quarterly cash dividend to $2.29 per share and $300 million of share repurchases

See the full release here

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