---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-043859"
form_type: "8-K"
ticker: null
cik: "0001364742"
company_name: "BlackRock Finance, Inc."
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:19:10.028524+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000950170-24-043859
- form_type: 8-K
- cik: 0001364742
- company_name: BlackRock Finance, Inc.
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: medium
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364742/000095017024043859/0000950170-24-043859-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364742/000095017024043859/blk-20240412.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-043859
- JSON: https://secwatch.observer/filing/0000950170-24-043859.json
- Plain text: https://secwatch.observer/filing/0000950170-24-043859.txt

## Key facts
- Earnings Releases
  BlackRock Finance, Inc. reported financial results for three months ended March 31, 2024.
  - Period: three months ended March 31, 2024
  - Result: reported results
  source text: On April 12, 2024, BlackRock, Inc. (the “Company”) reported results of operations for the three months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364742/000095017024043859/0000950170-24-043859-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.