earnings
confidence medium
sentiment positive
materiality 0.75
BlackRock Q3 2024: AUM $11.5T, base fees $4.0B, revenue up 15% YoY
BlackRock, Inc.
2024-Q3 EPS reported
$31.37
revenue$14,730,000,000
- AUM reached $11.5 trillion at Sept 30; base fees & securities lending revenue totaled $4.0 billion.
- Total revenue rose 15% YoY; performance fees surged 454% YoY while base fees grew 10%.
- Securities lending revenue declined 11% YoY; total expenses as adjusted increased 8% YoY.
- Base fees up 10% YoY and 4% QoQ; advisory and other revenue grew 23% YoY; distribution fees +1%.
- ETFs posted strong LTM organic asset growth; institutional active and index flows were negative.