BlackRock Q1 2024 AUM $10.5T; base fees +9% YoY; performance fees +271%

BlackRock Finance, Inc.

2024-Q1 EPS reported $10.48 revenue$4,728,000,000

AUM of $10.5 trillion at March 31, 2024; Q1 base fees and securities lending revenue totaled $3.8 billion.
Total revenue rose 11% YoY, driven by base fees up 9% and performance fees up 271% YoY.
Adjusted operating expenses increased 8% YoY; employee compensation up 11%, sales expenses up 5%.
Long-term net flows positive across channels; ETFs LTM organic base fee growth rate of 8%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BlackRock Finance, Inc. reported financial results for three months ended March 31, 2024.

Period: three months ended March 31, 2024
Result: reported results

Exact text from the filing

On April 12, 2024, BlackRock, Inc. (the “Company”) reported results of operations for the three months ended March 31, 2024.

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Source: SEC EDGAR

accession 0000950170-24-043859

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