Press Releases

BlackRock Reports First Quarter 2020 Diluted EPS of $5.15, or $6.60 as adjusted

BlackRock |Apr 16, 2020

BlackRock Reports First Quarter 2020 Diluted EPS of $5.15, or $6.60 as adjusted

  • $35 billion of quarterly total net inflows reflects strength of diversified investment management platform
  • 11% increase in revenue year-over-year driven by higher base fees and 34% growth in technology services revenue, reflecting the impact of the eFront acquisition and continued Aladdin® momentum
  • Year-over-year decreases in GAAP operating income and diluted EPS impacted by previously announced $589 million pre-tax charitable contribution, which has been excluded from as adjusted results
  • 3% increase in year-over-year as adjusted operating income also includes the impact of $84 million of fund launch costs in 2020
  • 0% change in as adjusted diluted EPS reflects higher year-over-year as adjusted operating income, a lower effective tax rate and lower diluted share count in the current quarter, offset by lower as adjusted nonoperating income
  • Consistent capital management supported by $400 million of share repurchases in the current quarter and 10% increase in quarterly cash dividend to $3.63 per share

See the full release

About BlackRock

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