The earnings call highlighted BlackRock's strong financial performance and strategic growth initiatives in 2024, marked by record net inflows, AUM growth, and expansion into private markets and technology services. However, the call also noted some challenges, including nonoperating losses and increased expenses. Overall, the sentiment leans positive due to the substantial achievements and growth potential outlined.

Company Guidance

During BlackRock's Q4 2024 earnings call, the company shared comprehensive financial metrics and strategic guidance for 2025. BlackRock reported record net inflows of $641 billion for the year, with $281 billion in Q4 alone, and achieved a 7% annualized organic base fee growth in the fourth quarter, its highest in three years. The firm's assets under management (AUM) reached nearly $11.6 trillion, contributing to a 23% increase in operating income to $8.1 billion and a 15% rise in earnings per share to $43.61. BlackRock's revenue hit $20.4 billion, marking a 14% year-over-year growth, with Q4 revenue up 23% to $5.7 billion. The company also achieved a 280 basis point margin expansion, driven by disciplined investments. Looking ahead, BlackRock aims to integrate its recent acquisitions, GIP, HPS, and Preqin, which are expected to enhance its private markets and technology revenue to over 20% of its total. The firm continues to focus on structural growth areas such as ETFs, Aladdin, outsourcing, and fixed income, with a target of 5% organic growth through market cycles.

Record Net Inflows and AUM Growth

BlackRock saw record net inflows in 2024, with $641 billion in total net inflows and $281 billion in the fourth quarter alone. The AUM grew to nearly $11.6 trillion.

Strong Financial Performance

Annual revenue increased by 14%, operating income by 23%, and earnings per share grew 15% year-over-year. Fourth quarter revenue was up 23%, and operating income increased by 36%.

Expansion in Private Markets

The acquisition of GIP closed in October, and with the planned acquisition of HPS and Preqin, private markets and technology are expected to make up over 20% of BlackRock's overall revenue.

Growth in Technology Services

Technology services revenue increased by 13% year-over-year, with full-year revenue of $1.6 billion, reflecting successful client onboarding and expansion.

ETF Growth and Innovation

BlackRock generated industry-leading ETF net inflows of $390 billion in 2024, with significant contributions from newly launched digital assets ETPs.

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BlackRock (DE:UU2) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:UU2 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 16, 2018	2018 (Q3)	- / 7.19	5.664	27.03% (+1.53)	―	―
Jan 16, 2019	2018 (Q4)	- / 5.82	5.97	-2.56% (-0.15)	―	―
Apr 16, 2019	2019 (Q1)	- / 6.32	6.41	-1.34% (-0.09)	―	―
Jul 19, 2019	2019 (Q2)	- / 6.13	6.372	-3.75% (-0.24)	―	―
Oct 15, 2019	2019 (Q3)	- / 6.84	7.195	-4.92% (-0.35)	―	―
Jan 15, 2020	2019 (Q4)	- / 7.98	5.817	37.17% (+2.16)	―	―
Apr 16, 2020	2020 (Q1)	- / 6.31	6.324	-0.15% (>-0.01)	―	―
Jul 17, 2020	2020 (Q2)	- / 7.51	6.133	22.46% (+1.38)	―	―
Oct 13, 2020	2020 (Q3)	- / 8.82	6.841	28.95% (+1.98)	―	―
Jan 14, 2021	2020 (Q4)	8.74 / 9.74	7.979	22.06% (+1.76)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:UU2 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 15, 2025	€922.00	€970.00	+5.21%
Oct 11, 2024	€872.05	€896.23	+2.77%
Jul 15, 2024	€755.72	€753.35	-0.31%
Apr 12, 2024	€716.47	€716.37	-0.01%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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