First Quarter 2020 Earnings
https://ir.blackrock.com/financials/quarterly-results/default.aspx
https://s24.q4cdn.com/856567660/files/...LK-1Q20-Earnings-Release.pdf
- $35 billion of quarterly total net inflows
- 11% increase in revenue
- Year-over-year decreases in GAAP operating income and diluted EPS
- 3% increase in year-over-year as adjusted operating income
- 0% change in as adjusted diluted EPS
- Consistent capital management supported by $400 million of share repurchases
- 10% increase in quarterly cash dividend
BlackRock, Inc. (BLK) CEO Larry Fink on Q1 2020 Results - Earnings Call Transcript
https://seekingalpha.com/article/...-results-earnings-call-transcript
Through these challenging times, the strength and resilience of BlackRock's business model has become even more apparent than ever before. The investments that we've spoken to in many, many quarterly updates over the long-term to diversify our investment capabilities and to operate on a unifying technology platform, Aladdin, are differentiating us in this moment for clients, for our shareholders and for our employees.
Earnings Q2 2020
https://ir.blackrock.com/financials/quarterly-results/default.aspx
https://s24.q4cdn.com/856567660/files/...LK-2Q20-Earnings-Release.pdf
$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 incomeyear-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
BlackRock Reports Third Quarter 2020
https://ir.blackrock.com/financials/quarterly-results/default.aspx
https://s24.q4cdn.com/856567660/files/...LK-3Q20-Earnings-Release.pdf
$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 incomeyear-over-year includes the impact of $83 million of product launch costs in the current quarter
24% increase in diluted EPS (29% as adjusted) alsoreflects higher year-over-year nonoperating income and a lower diluted share count in the current quarter