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BlackRock Reports Third Quarter 2020 Diluted EPS of $8.87, or $9.22 as adjusted

BlackRock |Oct 13, 2020

BlackRock Reports Third Quarter 2020 Diluted EPS of $8.87, or $9.22 as adjusted

  • $129 billion of quarterly total net inflows, led by continued momentum in fixed income and cash management, with positive flows across all regions, investment styles and product types
  • 7% annualized organic asset growth in the quarter and higher organic base fee growth reflect strength of diversified investment management platform, especially active equities, illiquid alternatives and strategic focus areas of iShares®
  • 18% increase in revenue year-over-year reflects higher performance fees and continued organic growth
  • 17% increase in operating income year-over-year includes the impact of $83 million of product launch costs in the current quarter
  • 24% increase in diluted EPS (29% as adjusted) also reflects higher year-over-year nonoperating income and a lower diluted share count in the current quarter


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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