2023-07-14 06:17:29 ET
- BlackRock press release ( NYSE: BLK ): Q2 Non-GAAP EPS of $9.28 beats by $0.86 .
- Revenue of $4.46B (-1.5% Y/Y) beats by $10M .
- 1% decrease in revenue year-over-year primarily driven by the impact of market movements over the past twelve months on average AUM
- $80 billion of quarterly total net inflows reflect continued strength of broad-based platform with positive flows across client types and regions
- $831 billion increase in AUM since year-end 2022, driven by consistent organic growth and positive market and foreign exchange movements
- AUM of $9.425T up from AUM of $8.59T at the end of Q4, average AUM of $9.187T up from $8.42T at the end of Q4.
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BlackRock Non-GAAP EPS of $9.28 beats by $0.86, revenue of $4.46B beats by $10M