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 our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of September 30, 2018, the firm managed approximately $6.44 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com.