Highlights
- BlackRock has seen a remarkable 15% year-over-year increase in assets under management, now totaling $11.55 trillion.
- The firm surpassed analysts’ predictions for both earnings and revenue during the reporting period.
- CEO Larry Fink highlighted that this marks the second consecutive quarter with record inflows for BlackRock.
Shares of BlackRock (BLK) experienced a 4% rise on Wednesday morning following a robust quarterly performance, buoyed by record assets under management (AUM).
The company reported adjusted earnings per share (EPS) of $11.93 for the fourth quarter, reflecting a remarkable 23% increase year-over-year. Revenue also surged by 23% to reach $5.68 billion, exceeding the expectations set by analysts at Visible Alpha.
AUM jumped 15% to $11.55 trillion, with total net inflows nearly tripling to $281.4 billion. Notably, long-term net inflows contributed $200.7 billion of that figure, with $142.6 billion directed towards exchange-traded funds (ETFs).
BlackRock Reports Second Consecutive Quarter of Record Inflows
Fink expressed that this achievement represents the second straight quarter of record inflows for BlackRock, attributing the significant client activity during this period to a 7% growth in organic base fees and a 12% increase in technology services Annual Contract Value (ACV).
Looking ahead, Fink emphasized that BlackRock enters 2025 with unprecedented growth and upside potential, stating, “This is just the beginning.”
Over the past year, BlackRock’s shares have appreciated by approximately 25%.
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