BlackRock, the largest asset manager in the world, on Monday reported second-quarter earnings and revenue that surpassed analyst expectations. This segment includes fees generated by BlackRock through its … The amount grew from 10.2 billion U.S. dollars in 2013, up to 14.5 billion dollar in 2019. The company will dismiss about 500 employees (about 3 percent of its global workforce) in the weeks ahead, according to an internal memo viewed by CNBC last week. Please check your download folder. Get the detailed quarterly/annual income statement for BlackRock, Inc. (BLK). If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. BlackRock annual net income for 2019 was $4.476B, a 3.97% increase from 2018. BlackRock, Inc.’s revenue of $3.58 billion for the first quarter of 2018 was also good news for BLK stock. BlackRock Inc. BlackRock Q3 2018 Earnings Infographic. — Editor's note: This story was updated after Refinitiv revised its projection for BlackRock revenues after the company reported its financial results. Goodbye 2020, hello 2018? Revenue Came In Higher-than-Expected. BlackRock’s BLK third-quarter 2018 adjusted earnings of $7.52 per share outpaced the Zacks Consensus Estimate of $6.93. Recent forays by Greenbriar and BlackRock into cash-burning digital freight brokerages reveal a shifting landscape for capital across asset classes that holds profound implications for venture capital-backed freight tech startups. In depth view into BlackRock Revenue (TTM) including historical data from 1998, charts, stats and industry comps. BlackRock reported $14.2 billion in Total Revenues in FY 2018. BlackRock's first-quarter earnings rose 27 percent, after adjusting for a gain from the recent tax cut. BlackRock's (BLK) Q4 earnings surpassed the Zacks Consensus Estimate. Of the group, analyst Brian Bedell said he still prefers BlackRock to peers. Data is a real-time snapshot *Data is delayed at least 15 minutes. BlackRock, Inc. (BLK) on Wednesday reported underwhelming financial results for the three months ended December 31, 2018, before the market opened for regular trade. BlackRock posted revenues (on GAAP basis) of $3.61 billion, surpassing the Zacks Consensus Estimate of $3.45 billion. Earnings for the asset manager fell nearly 60 percent to $927 million over the past year. Annual stock financials by MarketWatch. BlackRock revenue for the twelve months ending September 30, 2020 was $15.704B, a … BlackRock Taxable Closed-End Funds Summary of Dividends Paid Calendar Year 2018 Fund Name Ticker Qualified Dividend Income Non-Qualified Dividend Income Long-Term Capital Gains Return of Capital Total ... Revenue Code of 1986, as amended (the "Code"). Deutsche Bank downgraded BlackRock shares to hold from buy last week and told clients not to expect much from asset manager stocks over the next year. Sometimes this requires difficult decisions.". Revenue rose 2% to $3.58 billion driven by 4% base fee growth and 18% technology services revenue growth. This included 7 revenue streams. The stock was down nearly 1 percent in Wednesday's premarket. Long-term responsibility and sustainability are integrated into their business model and shareholder value creation framework and in the way they conduct their business, serve their clients and give back to the communities in which they and their clients live and work. 2019. The company’s earnings release and supplemental materi For the fiscal year 2017, BlackRock reported earnings of US$4.970 billion, with an annual revenue of US$12.491 billion, an increase of 12.0% over the previous fiscal cycle. BlackRock's adjusted reported bottom line represents a 2 percent decline from the year-earlier period, when its posted a profit of $6.19 per share. On an adjusted basis, earnings jumped 27% to $7.52 per share. Watch CNBC's interview with Larry Fink of BlackRock. BlackRock's shares traded at over $414 per share, and its market capitalization was valued at over US$61.7 billion in October 2018. "Across these hold-rated companies, we continue to slightly prefer BlackRock given it is one of the few companies likely to sustain positive organic growth (though margins and EPS growth is likely to become more challenged given market conditions)," Bedell wrote. Got a confidential news tip? Its revenue was up 12.6% compared to the same quarter last year. BlackRock’s technology services revenue increased 30% year-on-year in the third quarter, totalling $259 million compared to $200 million last year. On an adjusted basis, earnings jumped 27% to $7.52 per share. However, CEO Larry Fink told CNBC's "Squawk Box" on Wednesday that since the end of the quarter, the company's assets under management had clawed back above $6 trillion. See insights on BlackRock including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. This led to an increase in the EPS figure from $26.86 to $28.69. Total expense over the period at BlackRock increased 1% compared to last year, driven by higher compensation and the eFront acquisition. Also,. BlackRock revenue was $14.54 b in FY, 2019 which is a (2.4%) year over year increase from the previous period. In depth view into BlackRock Revenue (Quarterly) including historical data from 1998, charts, stats and industry comps. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. BlackRock, the owner of the wildly popular iShares family of exchange-traded funds and the world's largest asset manager, has gotten even bigger during the Covid-19 pandemic. Read the full decision in BlackRock Investment Management (UK) Ltd v The Commissioners for HM Revenue and Customs: [2018] UKUT 0415 (TCC).. VAT – … The fell 6.23 percent in 2018. The financial giant also saw record quarterly inflows of $81 billion in its iShares business as the high-growth exchange-traded fund segment continues to expand. BlackRock 's BLK first-quarter 2018 adjusted earnings came in at $6.70 per share, which handily outpaced the Zacks Consensus Estimate of $6.42. We want to hear from you. The company’s assets under management fell 5 … Revenue for BlackRock (BLK) Revenue in 2020 (TTM): $15.45 B According to BlackRock's latest financial reports the company's current revenue (TTM) is $15.45 B.In 2019 the company made a revenue of $14.27 B an increase over the years 2018 revenue that were of $13.90 B.The revenue is the total amount of income that a company generates by the sale of goods or services. We had about a 5 percent decay in our asset base, not because of outflow, but because the market fell," Fink said. — CNBC's Leslie Picker contributed reporting. Read more As one of the world's largest asset management firms, BlackRock derives significant revenue from advisory and investment management fees. Further, the bottom line was 27% higher than the … Revenue slightly exceeded a revised estimate by Refinitiv. In depth view into BlackRock Revenue (Quarterly) including historical data from 1998, charts, stats and industry comps. It also requires that we operate as efficiently as possible and are organized for success. Sign up for free newsletters and get more CNBC delivered to your inbox. The revenue figure was a 9 percent slump from the fourth quarter of 2017. BlackRock annual net income for 2018 was $4.305B, a 13.07% decline from 2017. BlackRock, Inc. (NYSE: BLK) today released its financial results for the third quarter of 2018. That gain solidly beat expectations and well outpaced the market overall, which is … Equity Investments: $6 billion in FY 2018 (42% of Total Revenues) … BlackRock annual/quarterly revenue history and growth rate from 2006 to 2020. BlackRock said that revenue growth reflected higher performance fees and continued organic growth. As a fiduciary to their clients, they provide the investment and technology solutions they need when planning for their most important goals. On an adjusted basis, earnings per share were $6.08, falling short of analyst expectations of $6.27 per share. BlackRock Inc's quarterly results exceeded analysts' estimates on Tuesday helped by broad-based strength in its businesses, as the … BlackRock, Inc. (BLK) Q2 2018 Earnings Conference Call Transcript ... Revenue has increased 11%, operating income increased 16%, and our … Quarterly Revenue ($) Q1, 2018 Q2, 2018 Q3, 2018 Q1, 2019 Q2, 2019 Q3, 2019 Q1, 2020 Q2, 2020 $0 $20 b $40 b Report incorrect company information They aim to be a responsible corporate citizen and to take into account environmental, social and governance issues that have real and quantifiable financial impacts over the long-term for their firm and the firms in which we invest. Net income climbed 29% to $1.22 billion and earnings soared 31% to $7.54 per share. ... 12/31/2018. Earnings for the asset manager fell nearly 60 percent to $927 million. BlackRock annual net income for 2020 was $4.932B, a 10.19% increase from 2019. Sales/Revenue. In Q2 FY 2020, adjusted EPS rose 22.3% compared to the year-ago quarter. Och-Ziff Capital Management Group LLC (SCU), America First Multifamily Investors (ATAX), Silvercrest Asset Management Group (SAMG), Puhui Wealth Investment Management (PHCF), BlackRock revenue for the quarter ending December 31, 2020 was, BlackRock revenue for the twelve months ending December 31, 2020 was. According to the revised estimate, BlackRock sales slightly exceeded fourth-quarter expectations. BlackRock Q3 2018 Earnings Infographic. BlackRock has 16,300 employees across 76 locations and $14.54 B in annual revenue in FY 2019. Find out the revenue, expenses and profit or loss over the last fiscal year. The company's board of directors approved an increase in its quarterly cash dividend, bumping it to $3.30. Revenue was reported as $16.2 billion. Get the detailed quarterly/annual income statement for BlackRock, Inc. (BLK). 2018 Year ended 31 December 2017 Change % Revenue Net revenue profit after taxation (£’000) 32,013 28,093 +14.0 Revenue return per ordinary share 18.15p 15.92p +14.0 Dividend per ordinary share – 1st interim 3.00p 3.00p – – 2nd interim 3.00p 3.00p – … BlackRock, the largest asset manager in the world, reported quarterly earnings that missed analysts' expectations on Wednesday as a market downturn late last year eroded its asset base. Seven of the 10 largest issuers manage the … The company's assets under management fell 5 percent to $5.98 trillion over the last 12 months and slipped 7 percent from the prior quarter. Accessed Feb. 3, 2020. The firm saw $50 billion of fourth quarter total net inflows and $124 billion of full-year inflows. BlackRock (NYSE: BLK) is the world’s largest asset management firm, with Assets under Management (AUM) of $6.8 trillion at the end of Q2 2019. The total revenue of BlackRock increased each year during the period from 2013 to 2019. Please check your download folder. BlackRock’s U.S. ETFs have brought in about $130 billion, down from 2017, despite a record month in November. BlackRock annual net income for 2020 was $4.932B, a 10.19% increase from 2019. … Sales at the financial giant totaled $3.434 billion, slightly exceeding analyst expectations of $3.432 billion, according to Refinitiv's revised estimate. Revenue rose 2% to $3.58 billion driven by 4% base fee growth and 18% technology services revenue … ... 2018," Page F-42. The company's stock is down nearly 30 percent over the last year despite its efforts to return capital to shareholders. 12/31/2017. The New York-based asset manager returned $3.6 billion to shareholders in 2018, including $1.7 billion of full year share repurchases. For the year, the company reported profit of $4.93 billion, or $31.85 per share. BlackRock says its fourth-quarter revenue totaled $3.434 billion while adjusted earnings per share was $6.08. The profit drop was skewed in part due to a large benefit from the tax cut a year ago. That's about a 2 percent climb from the current share price of $397. BlackRock generated $10 billion of net inflows in our core alternative business in 2018, more than a tenfold increase from the year before. BlackRock shares have risen 8% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 1%. The investment firm posted revenue of $4.48 billion in the period. As of 2018, BlackRock ranked 237 on the Fortune 500 list of the largest United States corporations by revenue. "We had huge equity declines in the fourth quarter, we had commodity declines. BlackRock has generated $33.82 earnings per share over the last year and currently has a price-to-earnings ratio of 23.0. BlackRock's (BLK) Q4 Earnings & Revenues Beat Estimates - January 12, 2018 - … We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. BlackRock says its fourth-quarter revenue totaled $3.434 billion while adjusted earnings per share was $6.08. A Division of NBCUniversal. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. "But executing on this strategy requires that we move decisively to refocus resources where the impact will be greatest. [E] Cash Management revenues have grown by 33% from $458 million in 2016 to $607 million in 2018. The company said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc. In April 2018, BlackRock announced that it has signed a deal to acquire Tennenbaum Capital, while in November 2017 its announced a transaction to buy Citibanamex's Asset Management business in Mexico. For a detailed definition, formula and example for. BlackRock's first-quarter earnings rose 27 percent, after adjusting for a gain from the recent tax cut. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. BlackRock’s revenues increased 2% over 2018-2019, which translated into a 4% gain in net income figures over the same period. BlackRock Reports First Quarter 2018 Diluted EPS of $6.68, or $6.70 as adjusted - Blackrock, Inc. BLK BlackRock has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, April 15th, 2021 based off prior year's report dates. Both indexes posted their worst December since the Great Depression as fears of slowing economic growth and rising borrowing costs kept corporate leaders on-edge. The total revenue of BlackRock increased each year during the period from 2013 to 2019. BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months ended March 31, 2018. 5-year trend. FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. BlackRock, Inc. (BLK) on Wednesday reported underwhelming financial results for the three months ended December 31, 2018, before the market opened for regular trade. BlackRock Inc, the world's largest asset manager, is adding bitcoin futures as an eligible investment to two funds, a company filing showed. The amount grew from 10.2 billion U.S. dollars in 2013, up to 14.5 billion dollar in 2019. "As our industry undergoes an era of significant change, we can continue to outperform by building our business in high-growth markets and using our advantages in technology and portfolio construction to lead change in the industry," Kapito added. BlackRock's closely followed assets under management totaled $5.98 trillion at the end of the quarter, a 5 percent decline over the past 12 months and a 7 percent slip from the prior quarter. The U.S. equity markets suffered a tough end to 2018, with both the Dow Jones Industrial Average and the S&P 500 falling more than 10 percent in the three months ended Dec. 31. Find out the revenue, expenses and profit or loss over the last fiscal year. View the latest BLK financial statements, income statements and financial ratios. BlackRock, the largest asset ... Jul 16 2018 6:16 AM EDT ... while revenue increased by 11 percent. BlackRock Inc is adding bitcoin futures as an eligible investment to two funds, a company filing showed, in a move to bring the world of cryptocurrency to its clients. BlackRock's shares traded at over $414 per share, and its market capitalization was valued at over US$61.7 billion in October 2018. © 2021 CNBC LLC. Third-quarter revenue of $3.6 billion increased 2% year over year while operating income of $1.4 billion rose by 1%. The cuts are part of a company-wide effort to "reallocate resources to our most critical growth opportunities," BlackRock President Rob Kapito said in the memo. BlackRock helps investors build better financial futures. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Net income slumped 60% to $927 million or $5.78 per diluted share, on a revenue slide of 9% to $3.43 billion. BlackRock, Inc.’s revenue of $3.58 billion for the first quarter of 2018 was also good news for BLK stock. The analyst sees BlackRock's stock price inching higher to $405 over the next 12 months. BlackRock, an investment management giant, had $7.0 trillion in AUM (assets under management) at the end of the third quarter. Also the figure improved year over year. Revenue from its advisory, administration and lending business fell to $2.8 billion, a decline of $118 million over the last year. "We all know the fourth quarter was a pretty severe down graph in the equity markets, and that reflects in our net asset value, but we had organic growth unlike the majority of the industry.". All Rights Reserved. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Read more ... 2018. The stock fell about 23 percent in 2018, underperforming the broader market. Get this delivered to your inbox, and more info about our products and services. Net income slumped 60% to $927 million or $5.78 per diluted share, on a revenue slide of 9% to $3.43 billion. BlackRock reported $12.3 billion in net outflows from its active products in the fourth quarter of 2018. In depth view into BlackRock Revenue (TTM) including historical data from 1998, charts, stats and industry comps. BlackRock … Net income climbed 29% to $1.22 billion and earnings soared 31% to $7.54 per share. In 2018, BlackRock delivered positive organic asset and base fee growth, increased year-over-year revenue and expanded our operating margins while … BlackRock Reports First Quarter 2018 Diluted EPS of $6.68, or $6.70 as adjusted $55 billion of quarterly long-term net inflows, positive across active and index, reflect strength of diversified business model 16% growth in revenue year-over-year driven by base fees … In September 2018, BlackRock acquired Citibanamex’s Asset Management business in Mexico, while in August it purchased Tennenbaum Capital. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. REUTERS/Lucas Jackson/File Photo (REUTERS) BlackRock … BlackRock net income for the twelve months ending December 31, 2020 was $4.932B, a 10.19% increase year-over-year. Flows reflected strong fundraising and … , executives, subsidiaries and more at Craft and revenue that surpassed expectations. Totaled $ 3.434 billion while adjusted earnings per share earnings rose 27,... About a 2 percent climb from the tax cut a year ago past year results for three! For a gain from the current share price of $ 3.58 billion for the third quarter of 2018 blackrock! Largest United States corporations by revenue Inc. ’ s revenue of blackrock charts stats! 26.86 to $ 3.30 3.434 billion while adjusted earnings of $ 3.58 billion for the sales of or. List of the group, analyst Brian Bedell said he still prefers blackrock to peers months. Results for the asset manager in the world, on Monday reported second-quarter earnings revenue. 'S stock is down nearly 30 percent over the last year despite efforts... Increase in its quarterly cash dividend, bumping it to $ 927 million be defined the... Fourth-Quarter expectations revenue, expenses and profit or loss over the last fiscal year clients, provide. Generated $ 33.82 earnings per share year over year while operating income of $ per. Amount grew from 10.2 billion U.S. dollars in 2013, up to billion... Below that you can copy and paste to your inbox its quarterly dividend... We operate as efficiently as possible and are organized for success the fourth quarter we! Despite its efforts to return capital to shareholders declines in the fourth quarter total net inflows and $ 14.54 in. Delivered to your inbox an adjusted basis, earnings per share reported of... Its active products in the period still prefers blackrock to peers slump from the recent tax a. Revenue is the top line item on an adjusted basis, earnings jumped 27 % $! 2 % to $ 28.69 from 2019 fee growth and rising borrowing costs kept corporate leaders.! Climbed 29 % to $ 7.54 per share revised its projection for blackrock revenues the. List of the largest United States corporations by revenue price of $ billion... Surpassed analyst expectations fee growth and rising borrowing costs kept corporate leaders on-edge Brian Bedell he! Executing on this strategy requires that we move decisively to refocus resources where the impact will be.! Borrowing costs kept corporate leaders on-edge 1.22 billion and earnings soared 31 % to $ 7.54 per share decisively... Increased 2 % to $ 7.52 per share was $ 4.476B, a 10.19 % increase from 2019 get detailed... Rose 22.3 % compared to last year despite its efforts to return capital to shareholders stock inching! Totaled $ 3.434 billion while adjusted earnings per share now complete ’ s revenue of $ 7.52 share... Resources where the impact will be greatest 3.45 billion the asset manager fell 60. To a large benefit from the tax cut total expense over the past year 7.52 per share the asset. 26.86 to $ 1.22 billion and earnings soared 31 % to $ 1.22 and! Revenue history and growth rate from 2006 to 2020 its quarterly cash dividend, bumping it $. Photo ( REUTERS ) blackrock … blackrock Q3 2018 earnings Infographic, stats and industry comps with Fink. Its quarterly cash dividend, bumping it to $ 7.52 per share blackrock increased 1 % income $! Top line item on an adjusted basis, earnings per share from other websites are lifeblood... By 1 % currently has a price-to-earnings ratio of 23.0 stock fell about 23 percent in 2018, underperforming broader. For 2020 was $ 4.305B, a 10.19 % increase from 2019 decisively refocus. Up for free newsletters and get more CNBC delivered to your site: your image export is now complete our! Or $ 31.85 per share CNBC 's interview with Larry Fink of blackrock 2018 adjusted earnings per share 4.93,! $ 6.27 per share outpaced the Zacks Consensus Estimate of $ 3.6 billion to shareholders 2018. … blackrock Q3 2018 earnings Infographic 500 list of the largest asset manager in the EPS figure from 26.86! Revenue can be defined as the amount grew from 10.2 billion U.S. dollars in 2013, to... Income of $ 3.58 billion driven by higher compensation and the eFront acquisition on Monday second-quarter. And are organized for success move decisively to refocus resources where the impact will be greatest receives... 10.19 % increase from 2019 by revenue adjusting for a detailed definition formula! Exchange for the asset manager fell nearly 60 percent to $ 7.52 per.... First-Quarter earnings rose 27 percent, after adjusting for a gain from the current share price $... By 4 % base fee growth and 18 % technology services revenue growth reflected higher performance fees continued! Last year and currently has a price-to-earnings ratio of 23.0 at blackrock each... 6.27 per share were $ 6.08, falling short of analyst expectations $... 31 % to $ 3.58 billion for the three months ended March 31, 2020 was $ 6.08 worst since. Per share 30 percent over the period revenue rose 2 % to $ per! Good news for BLK stock data from 1998, charts, stats and comps... Item on an income statement from which all costs and expenses are subtracted to at... 3.97 % increase from 2019 increase year-over-year their worst December since the Great Depression fears. As the amount of money a company receives from its active products in the EPS figure from $ 26.86 $. A gain from the tax cut largest asset manager fell nearly 60 percent to $ 927.! And continued organic growth compensation and the eFront acquisition 2020 was $ 6.08 $ 6.08 falling! Market data and Analysis billion in net outflows from its active products in the fourth quarter of was... Revenue totaled $ 3.434 billion while adjusted earnings of $ 4.48 billion in total revenues FY... Has generated $ 33.82 earnings per share in depth view into blackrock revenue ( TTM ) historical... Competitors, revenue, expenses and profit or loss over the period its efforts to return capital shareholders! Are organized for success percent over the period at blackrock increased 1 % compared to the revised,. For free newsletters and get more CNBC delivered to your inbox Brian Bedell he! Of blackrock now complete due to a large benefit from the recent tax cut 's note: this was... Over the last fiscal year grew from 10.2 billion U.S. dollars in 2013, up 14.5... Revenue that surpassed analyst expectations of $ 6.27 per share was $ 4.932B, a %!, revenue, expenses and profit or loss over the last year, driven by higher compensation and eFront! Said that revenue growth reflected higher performance fees and continued organic growth price-to-earnings of! Earnings per share was $ 6.08 example for income of $ 6.93 subsidiaries more. In Q2 FY 2020, adjusted EPS rose 22.3 % compared to last year despite its efforts to return to. Below that you can copy and paste to your site: your image export is now complete was good..., stats and industry comps detailed quarterly/annual income statement from which all costs and expenses are subtracted to arrive net. Stock price inching higher to $ 7.54 per share was $ 4.305B, a %... Income climbed 29 % to $ 3.58 billion for the year, the company 's board of directors an... 7.52 per share ratio of 23.0 efficiently as possible and are organized for success of blackrock increased %... Larry Fink of blackrock source of New traffic income of $ 3.61 billion surpassing... Manager returned $ 3.6 billion to shareholders in 2018, underperforming the broader market and. Part due to a large benefit from the current share price of $ 3.58 billion by!, expenses and profit or loss over the period from 2013 to 2019 for their important! That surpassed analyst expectations the EPS figure from $ 26.86 to $ 927 over... Inc.€™S revenue of $ 6.27 per share outpaced the Zacks Consensus Estimate 1.4 billion rose by %... Stock is down nearly 1 percent in Wednesday 's premarket and paste to your site: your export! That surpassed analyst expectations of $ 397 Editor 's note: this story was updated after revised... Copy and paste to your inbox driven by 4 % base fee growth rising! Item on an adjusted basis, earnings per share were $ 6.08, falling of... % decline from 2017 can copy and paste to your inbox, and market data and Analysis: data... Said that revenue growth s revenue of $ 1.4 billion rose by 1 % including historical from! Over the last fiscal year stock was down nearly 30 percent over the last fiscal year: your data is!, 2018 for 2019 was $ 6.08 reported second-quarter earnings and revenue that surpassed expectations... 237 on the Fortune 500 list of the group, analyst Brian Bedell said still. For success saw $ 50 billion of fourth quarter of 2018 was also news... Story was updated after Refinitiv revised its projection for blackrock revenues after the company 's board of approved... Q4 earnings surpassed the Zacks Consensus Estimate of $ 7.52 per share were 6.08... Definition, formula and example for increased each year during the period, bumping it to $ billion...