BlackRock Reports Second Quarter 2024 Diluted EPS of $9.99, or $10.36 as adjusted

New York, July 15, 2024 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three and six months ended June 30, 2024.

• Previously announced agreement to acquire Preqin represents next step in the transformation of BlackRock private markets capabilities by delivering integrated investments, technology, and data for the whole portfolio
• $139 billion of first half total net inflows reflect continued strength of broad-based platform, including record start to year for BlackRock ETFs
• $82 billion of quarterly total net inflows positive across product types
• $10.6 trillion in AUM, up $1.2 trillion year-over-year, driven by consistent organic growth and positive market movements
• 8% increase in revenue year-over-year, primarily driven by the positive impact of markets on average AUM, organic base fee growth, and higher performance fees and technology services revenue
• 11% increase in operating income year-over-year (12% as adjusted)
• 10% increase in diluted EPS year-over-year (12% as adjusted)
• $500 million of share repurchases in the current quarter