Press Releases

BlackRock Reports First Quarter 2023 Diluted EPS of $7.64, or $7.93 as adjusted

BlackRock |Apr 14, 2023

New York, April 14, 2023 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months ended March 31, 2023.

  • $103 billion of quarterly long-term net inflows, representing 5% annualized organic asset growth, driven by continued momentum in bond ETFs and significant outsourcing mandates
  • $110 billion of quarterly total net inflows also reflect net inflows to diversified cash management platform
  • 10% decrease in revenue year-over-year primarily driven by the impact of significantly lower markets and dollar appreciation on average AUM and lower performance fees
  • 18% decrease in operating income year-over-year (17% as adjusted)
  • 18% decrease in diluted EPS year-over-year (17% as adjusted) also reflects a higher effective tax rate, partially offset by higher nonoperating income in the current quarter
  • $375 million of share repurchases in the current quarter and 2.5% increase in quarterly cash dividend to $5.00 per share

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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