Press Releases

BlackRock Reports Full Year 2023 Diluted EPS of $36.51, or $37.77 as adjusted Fourth Quarter 2023 Diluted EPS of $9.15, or $9.66 as adjusted

BlackRock |Jan 12, 2024

BlackRock Announces Agreement to Acquire Global Infrastructure Partners (“GIP”) – Creating a World Leading Infrastructure Investment Platform

New York, January 12, 2024 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months and year ended December 31, 2023.

  • BlackRock’s acquisition of GIP will create a combined infrastructure platform of over $150 billion*, well positioned to meet fast-growing investor demand
  • $10 trillion in AUM following $289 billion of full year net inflows, including $96 billion in the fourth quarter
  • Flat full year revenue primarily driven by the negative impact of markets on average AUM, partially offset by higher technology services revenue
  • Restructuring charge of $61 million from initiative to reorganize specific platforms, primarily Aladdin and illiquid alternative investments, to stay ahead of client needs, excluded from as adjusted results
  • 2% decrease in full year operating income
  • 7% increase in full year diluted EPS also reflects significantly higher nonoperating income, partially offset by a higher effective tax rate in the current year
  • $4.5 billion returned to shareholders in 2023, including $1.5 billion of share repurchases
  • 2% increase in quarterly cash dividend to $5.10 per share approved by Board of Directors

 

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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