Press Releases

BlackRock Reports Second Quarter 2020 Diluted EPS of $7.85

BlackRock |Jul 17, 2020

BlackRock Reports Second Quarter 2020 Diluted EPS of $7.85

  • $100 billion of quarterly total net inflows, driven by fixed income and continued momentum in cash management
  • 6% annualized organic asset growth in the quarter and higher organic base fee growth reflect strength of diversified investment management platform, especially in active capabilities and strategic focus areas of iShares®
  • 4% increase in revenue year-over-year reflects higher performance fees and 17% growth in technology services revenue, driven by continued Aladdin® momentum
  • 10% increase in operating income year-over-year also reflects lower G&A expense, including the impact of $59 million of product launch costs in the prior year quarter
  • 22% increase in diluted EPS reflects higher year-over-year nonoperating income, a lower effective tax rate and a lower diluted share count in the current quarter
  • $1.1 billion of shares repurchases in the quarter as part of PNC’s successful sale of its entire 22% ownership position


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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, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2020, the firm managed approximately $7.81 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate