Press Releases

BlackRock Reports First Quarter 2022 Diluted EPS of $9.35, or $9.52 as adjusted

BlackRock |Apr 13, 2022

New York, April 13, 2022 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months ended March 31, 2022.

  • $114 billion of quarterly long-term net inflows reflect strength of broad-based platform with positive flows across all product types, investment styles and regions
  • $86 billion of quarterly total net inflows also reflect seasonal outflows from cash management
  • 7% increase in revenue year-over-year driven by strong organic growth and 11% growth in technology services revenue, partially offset by lower performance fees
  • 14% increase in operating income year-over-year includes the impact of $178 million of fund launch costs in the first quarter of 2021
  • 20% increase in diluted EPS (18% as adjusted) year-overyear also reflects a lower effective tax rate and a lower diluted share count, partially offset by lower nonoperating income, in the current quarter
  • $500 million of share repurchases in the quarter and 18% increase in quarterly cash dividend to $4.88 per share

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About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate