Press Releases

BlackRock Reports First Quarter 2021 Diluted EPS of $7.77

BlackRock |Apr 15, 2021

New York, April 15, 2021 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months ended March 31, 2021.

  • $172 billion of quarterly total net inflows, or 8% annualized organic asset growth, driven by continued momentum across the platform, with positive flows across all regions, investment styles and product types
  • Significantly higher annualized organic base fee growth in the quarter reflects strength of active capabilities across all product types
  • 19% increase in revenue year-over-year reflects strong organic growth, higher performance fees and 12% growth in technology services revenue
  • Year-over-year increases in GAAP operating income (126%) and diluted EPS (51%) impacted by charitable contribution in the first quarter of 2020, which was excluded from as adjusted results
  • 21% increase in as adjusted operating income year-over-year includes the impact of $178 million of fund launch costs in the current quarter
  • 18% increase in as adjusted diluted EPS year-over-year also reflects lower nonoperating income and a higher effective tax rate, partially offset by a lower diluted share count, in the current quarter
  • Consistent capital management supported by $300 million of share repurchases in the current quarter and 14% increase in quarterly cash dividend to $4.13 per share

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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 www.blackrock.com/corporate