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BlackRock Reports Second Quarter 2019 Diluted EPS of $6.41

BlackRock |Jul 19, 2019

BlackRock Reports Second Quarter 2019 Diluted EPS of $6.41

  • $151 billion of quarterly total net inflows, or 9% organic asset growth, driven by record fixed income and cash activity
  • 2% decrease in revenue year-over-year reflects lower base fees, driven in part by lower securities lending revenue, and lower performance fees
  • 20% growth in technology services revenue year-over-year reflects momentum in Aladdin® and the impact of the eFront acquisition, which closed in May 2019
  • 11% decrease in operating income year-over-year also reflects $61 million of fund launch costs
  • 3% decrease in diluted EPS (4% as adjusted) year-over-year reflects lower operating income and a higher effective tax rate in the current quarter, partially offset by higher nonoperating income and a lower diluted share count

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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 March 31, 2020, the firm managed approximately $6.47 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit