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 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

BlackRock · $6.85B total across 5 segments · Q2 2026

  • Investment advisory and admin fees
    $5.49B—
  • Technology services and subscriptions
    $566M—
  • Distribution fees
    $395M—
  • Performance fees
    $305M—
  • Advisory and other revenue
    $92M—

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 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
Q2 2026———
Q1 2026+3.0%+2.8%+7.8%
Q4 2025+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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