BlackRock Non-GAAP EPS of $10.36 Beats by $0.40, Revenue of $4.81B Beats by $30M
seekingalpha2024-07-15
BlackRock (NYSE:BLK): Q2 Non-GAAP EPS of $10.36 beats by $0.40.
Revenue of $4.81B (+7.8% Y/Y) beats by $30M.
8% increase in revenue year-over-year, primarily driven by the positive impact of markets on average AUM, organic base fee growth, and higher performance fees and technology services revenue
$139 billion of first half total net inflows reflect continued strength of broad-based platform, including record start to year for BlackRock ETFs
$10.6 trillion in AUM, up $1.2 trillion year-over-year, driven by consistent organic growth and positive market movement
U.S.-listed shares of the company rose 1% in premarket trading.
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