secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock Finance, Inc. (—)
CIK:        0001364742
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0000950170-24-043859
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364742/000095017024043859/0000950170-24-043859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364742/000095017024043859/blk-20240412.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-043859

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer