secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock, Inc. (BLK)
CIK:        0002012383
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0000950170-24-114208
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlackRock Q3 2024: AUM $11.5T, base fees $4.0B, revenue up 15% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2012383/000095017024114208/0000950170-24-114208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2012383/000095017024114208/blk-20241011.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-114208

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