Press Releases

BlackRock Reports First Quarter 2017 Diluted EPS of $5.23, or $5.25 as adjusted

Apr 19, 2017

BlackRock Reports First Quarter 2017 Diluted EPS of $5.23, or $5.25 as adjusted

  • $80 billion of long-term net inflows, positive across product type, client type and region, reflect strength of diversified business model
  • 8% increase in revenue year-over-year driven by growth in base fees, performance fees and technology and risk management revenue
  • 19% increase in operating income (10% as adjusted) year-over-year reflects operating margin expansion and benefits of scale for clients and shareholders
  • 33% increase in diluted EPS (24% as adjusted) year-over-year also includes the impact of a discrete tax benefit associated with new accounting guidance for share-based payments
  • 9% increase in quarterly cash dividend to $2.50 per share and $275 million of share repurchases

 

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About BlackRock

BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of March 31, 2018, the firm managed approximately $6.317 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com.