Press Releases

BlackRock Reports First Quarter 2017 Diluted EPS of $5.23, or $5.25 as adjusted

Apr 19, 2017

BlackRock Reports First Quarter 2017 Diluted EPS of $5.23, or $5.25 as adjusted

  • $80 billion of long-term net inflows, positive across product type, client type and region, reflect strength of diversified business model
  • 8% increase in revenue year-over-year driven by growth in base fees, performance fees and technology and risk management revenue
  • 19% increase in operating income (10% as adjusted) year-over-year reflects operating margin expansion and benefits of scale for clients and shareholders
  • 33% increase in diluted EPS (24% as adjusted) year-over-year also includes the impact of a discrete tax benefit associated with new accounting guidance for share-based payments
  • 9% increase in quarterly cash dividend to $2.50 per share and $275 million of share repurchases

 

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About BlackRock

BlackRock helps investors build better financial futures. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of December 31, 2018, the firm managed approximately $5.98 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com.