BlackRock Reports Third Quarter 2024 Diluted EPS of $10.90, or $11.46 as adjusted

New York, October 11, 2024 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three and nine months ended September 30, 2024.

• $360 billion of year-to-date total net inflows reflect continued strength of broad-based platform, and surpass full year net inflows of 2022 and 2023
• Record $221 billion of quarterly total net inflows represent 8% annualized organic asset growth and were positive across client type, product type, active and index, and regions
• $11.5 trillion in AUM, up $2.4 trillion year-over-year, driven by $456 billion of net inflows and positive market movements
• 15% increase in revenue year-over-year, driven by the positive impact of markets on average AUM, organic base fee growth, and higher performance fees
• 23% increase in operating income year-over-year (26% as adjusted)
• 2% increase in diluted EPS year-over-year (5% as adjusted) also reflects a higher effective tax rate in the current quarter
• $375 million of share repurchases in the current quarter
• Closed acquisition of Global Infrastructure Partners ("GIP") on October 1st, adding $116 billion of client AUM and $70 billion of fee-paying AUM 

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