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BlackRock Reports First Quarter 2019 Diluted EPS of $6.61

BlackRock |Apr 16, 2019

BlackRock Reports First Quarter 2019 Diluted EPS of $6.61

  • $65 billion of quarterly total net inflows, or 4% organic asset growth, positive across index, active and cash management strategies
  • 5% decrease in base fees year-over-year primarily reflects impact of negative markets in the fourth quarter and continued dollar appreciation
  • 11% growth in technology services revenue year-overyear, driven by continued momentum in Aladdin®
  • 1% decrease in diluted EPS year-over-year reflects lower operating income and a higher effective tax rate in the current quarter, partially offset by higher nonoperating income
  • $1.6 billion of share repurchases in the quarter reflects completion of a $1.3 billion private transaction on March 25, 2019
  • 5% increase in quarterly cash dividend to $3.30 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, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2020, the firm managed approximately $7.32 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit