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โข Adj. EPS: $15.93 (Est. $14.30) โ , +38% YoY.
โข Revenue: $7.75B (Est. $7.43B) โ , +19% YoY.
โข GAAP EPS: $10.57, +25% YoY.
โข Adj. Net Income: $2.62B, +37% YoY.
โข Adj. Operating Income: $3.33B, +27% YoY.
โข Adj. Operating Margin: 47.8% (vs. 44.6% YoY).
โข Assets Under Management: $15.49T, +15% YoY.
โข Total Net Inflows: $205B.
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โข Q3 Adj. EPS beat consensus by ~11.4%, while revenue exceeded estimates by ~4.3%.
โข BlackRock attracted $205B in quarterly net inflows, including $135B into ETFs and $66B into active strategies.
โข Assets under management reached $15.49T, up 15% YoY, supported by $869B in net inflows over the past 12 months.
โข Annualized organic base fee growth reached 11%, reflecting broad-based client demand across investment products.
โข Technology services and subscription revenue grew 14% YoY, supported by Aladdin and multi-product solutions, with technology ACV growth of 12%.
โข Private markets attracted $15.3B in quarterly net inflows, while BlackRock's AI Infrastructure Partnership made its first deployment.
โข BlackRock repurchased $550M in shares during Q3, while its adjusted operating margin expanded 320 bps YoY to 47.8%.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โBlackRock's results demonstrate the value of our integrated platform, as clients increasingly choose us as a partner across investing, financing, and technology.โ