Press Releases

BlackRock Reports Full Year 2022 Diluted EPS of $33.97, or $35.36 as adjusted

BlackRock |Jan 13, 2023

New York, January 13, 2023 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months and year ended December 31, 2022.

  • $146 billion of quarterly long-term net inflows, including $61 billion
    of active net inflows, with total net inflows of $114 billion reflecting
    net outflows from cash management
  • $393 billion of full year long-term net inflows, reflects 4% organic
    asset growth and positive organic base fee growth, led by record flows
    into bond ETFs, significant outsourcing mandates and growth in
    private markets
  • 8% decrease in full year revenue primarily driven by the impact of
    significantly lower markets and dollar appreciation on average AUM
    and lower performance fees
  • Record full year net new sales of Aladdin and continued growth in
    technology services revenue despite the negative impact of foreign
    exchange movements
  • Restructuring charge of $91 million from initiative to modify the size
    and shape of the workforce to align more closely with strategic
    priorities, excluded from as adjusted results
  • 14% decrease in full year operating income (13% as adjusted)
  • 11% decrease in full year diluted EPS (13% as adjusted) also
    reflects a lower effective tax rate and lower nonoperating income in
    the current year
  • $4.9 billion returned to shareholders in 2022, including $1.9 billion
    of share repurchases

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