BlackRock Reports Strong Q3 Earnings and Revenue, Exceeding Analyst Expectations
BlackRock (BLK) reported third-quarter Non-GAAP earnings per share (EPS) of $15.93, surpassing estimates by $1.63. The company also generated revenue of $7.75 billion, which beat expectations by $320 million and marked a 19% year-over-year increase. The strong performance was driven in part by net inflows of $869 billion during the quarter, bringing total assets under management (AUM) to $15.5 trillion. BlackRock also repurchased shares worth $550 million during the period, signaling confidence in its financial position and commitment to returning value to shareholders. The results reflect robust demand for investment products amid ongoing market volatility and a strong performance from active strategies managed by the firm.
Tickers: $BLK
Topics: Earnings Revenue Beat Share Repurchases