NYSE$BLK

BlackRock Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

BLK Q3 2024 — $675.0M revenue, 30.00 EPS

However, in the opinion of management, the interim information includes all normal recurring adjustments necessary for the fair presentation of the Company’s results for the periods presented. BlackRock Inc reported Q3 2024 results. Diluted EPS came in at $30.00. Net income of $63.0M. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $675.0M.
  • Diluted EPS: $30.00.
  • Net income: $63.0M.
  • Operating income: $2K.

Headline financials

Total Revenue

$5.2B

Previous: $4.31B+20.6%
EPS

$10.90

Previous: $10.91-0.1%
Capital Expenditures

-$165M

No prior period
Free Cash Flow

$1.47B

No prior period
Net Income

$1.63B

Previous: $1.6B+1.7%
Operating Income

$2.01B

Previous: $1.53B+31.5%
Cash & Equivalents

$14B

No prior period
Total Assets

$133B

No prior period
R&D Expense

$0.00

Previous: $145M-100.0%

Revenue & EPS history

BlackRock · Revenue · Quarterly

$5.2B

Q3 2024+20.6%vs Q3 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

BlackRock · $4.81B total across 5 segments · Q2 2024

  • Investment Advisory
    $3.88B
  • Tech Services
    $395M
  • Distribution Fees
    $318M
  • Performance Fees
    $164M
  • Advisory & Other
    $53M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+0.3%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+2.2%

Avg return

30 days after

60%

24 / 40 earnings

Positive

+3.5%

Q3 2022

Best reaction

-5.9%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+3.0%+2.8%+7.8%
Q1 2026+3.0%+2.8%+7.8%
Q3 2025+3.4%+0.5%-7.4%
Q2 2025-5.9%-0.7%+4.4%
Q1 2025+2.3%+0.8%+7.5%
Q4 2024+0.5%+2.6%+1.6%
Q3 2024+0.5%+0.4%+3.7%
Q2 2024+1.2%+3.1%+5.5%
Q1 2024+0.8%+2.8%+0.5%
Q4 2023+0.0%-0.5%+1.4%
Q3 2023-0.7%+1.1%+12.9%
Q2 2023+0.0%-2.5%-0.6%
Q1 2023+2.0%-0.4%+7.9%
Q4 2022-1.2%-1.6%-6.8%
Q3 2022+3.5%+5.6%+12.5%
Q2 2022-0.0%+4.2%-5.5%
Q1 2022-0.8%-5.3%+6.0%
Q4 2021+2.6%+0.9%+1.3%
Q3 2021+0.1%+0.5%-5.7%
Q2 2021+0.8%+3.5%+6.3%
Q1 2021+1.9%-0.8%+4.2%
Q4 2020-2.4%+0.6%+6.3%
Q3 2020+2.5%+1.4%+8.0%
Q2 2020+1.0%+1.4%-3.0%
Q1 2020+0.3%-2.3%+11.9%
Q4 2019-2.7%+4.1%-8.7%
Q3 2019+0.0%-0.9%+1.1%
Q2 2019+1.7%-1.2%-1.5%
Q1 2019-0.3%-4.2%-4.6%
Q4 2018+0.3%-2.1%-3.3%
Q3 2018-1.8%-4.6%-6.7%
Q2 2018-0.1%-2.5%-3.3%
Q1 2018+2.2%+3.8%+5.7%
Q4 2017-0.6%-1.4%-2.0%
Q3 2017-0.2%-1.7%+8.9%
Q2 2017+0.2%-0.9%-3.2%
Q1 2017-0.5%+0.7%+8.6%
Q4 2016-0.9%-0.2%-2.0%
Q3 2016-1.2%+3.8%+9.1%
Q2 2016-0.8%-2.2%-0.3%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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