Press Releases

BlackRock Reports Third Quarter 2018 Diluted EPS of $7.54, or $7.52 as adjusted

Oct 16, 2018
By BlackRock

BlackRock Reports Third Quarter 2018 Diluted EPS of $7.54, or $7.52 as adjusted

  • $6.4 trillion of AUM, up 8% year-over-year, including $28 billion of net AUM added from strategic transactions
  • $11 billion of quarterly long-term net inflows, led by iShares®, active multi-asset and illiquid alternatives
  • 2% growth in revenue year-over-year driven by 4% base fee growth and 18% technology services revenue growth, partially offset by lower performance fees
  • 1% increase in operating income year-over-year also reflects $42 million of transaction-related expense
  • 31% diluted EPS growth (27% as adjusted) driven by higher nonoperating income and a lower effective tax rate
  • $500 million of share repurchases in the current quarter and $3.13 dividend per share

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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.