BlackRock Reports Q3 Earnings and AUM Exceeding Market Estimates; Shares Rise

BlackRock reported its financial results and total assets under management (AUM) for the fiscal third quarter, exceeding analyst expectations. Following the announcement, the company’s shares rose by 1% in premarket trading.

The world’s largest asset manager reported earnings per share (EPS) of $11.46, surpassing expectations of $10.24. Revenue for the quarter reached $5.2 billion, which was above the consensus estimate of $5.05 billion.

BlackRock’s AUM totaled $11.48 trillion, reflecting a 26% year-over-year increase, and exceeding the forecast of $11.19 trillion.

For the quarter, net inflows were recorded at $221.18 billion, a substantial increase from the $2.57 billion reported in the same period the previous year, and significantly above the estimated $127.2 billion. Year-to-date net inflows have reached $360 billion, surpassing the totals for both 2022 and 2023, indicating robust performance across BlackRock’s diverse platform.

The adjusted operating margin improved to 45.8%, up from 42.3% during the same period last year and exceeding the estimate of 44.1%.