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Blackrock Q2 2024 Earnings Summary

by Team Lumida
July 15, 2024
in Equities
Reading Time: 2 mins read
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Blackrock Q2 2024 Earnings Summary
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Beats Earnings by ~4% & Beats Revenue expectations by ~0.6%

Total Revenue: $4.81 Bn, up 8% YoY, up 2% QoQ

Net Income: $1.55 Bn, up 9% YoY, down 6% QoQ

Shares up ~1% in premarket trading after results

Key Takeaways:

AUM reached $10.65 Tn, up 13% YoY, up 2% QoQ

Investment advisory & admin fees: $3.7 Bn, up 8% YoY, up 2.5% QoQ

Long-term net inflows: $82 Bn

Issued $500 Mn of share repurchases in the current quarter

Chairman and CEO Laurence Fink on Financial Performance:

“BlackRock is executing on the broadest opportunity set we’ve seen in years, including in private markets, Aladdin, and whole portfolio solutions across both ETFs and active. We are opening up meaningful new growth markets for our clients and shareholders with our planned acquisitions of Global Infrastructure Partners and Preqin.”

Tags: Asset ManagementBlackRockBLKEARNINGSfinancial services
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

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