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BlackRock Reports Third Quarter 2019 Diluted EPS of $7.15

BlackRock |Oct 15, 2019

BlackRock Reports Third Quarter 2019 Diluted EPS of $7.15

  • $84 billion of quarterly total net inflows, or 5% organic asset growth, driven by continued momentum in fixed income and cash
  • 3% increase in revenue year-over-year driven by higher base fees and technology services revenue, partially offset by lower performance fees
  • 30% increase in technology services revenue year-over-year reflects Aladdin® growth and the impact of the eFront acquisition
  • 8% increase in operating income (7% as adjusted) year-over-year, driven in part by lower transaction-related expense in the current quarter
  • 5% decrease in diluted EPS year-over-year reflects lower nonoperating income and a higher effective tax rate in the current quarter
  • $100 million of share repurchases in the current quarter, bringing year-to-date repurchases to $1.7 billion


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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, 2019, the firm managed approximately $6.96 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate