BlackRock reported second-quarter Non-GAAP earnings per share of $13.91, beating analyst estimates by $1.26. Revenue came in at $7.08 billion, a 30.6% increase year-over-year, exceeding expectations by $240 million. The firm's assets under management reached $15.3 trillion, supported by $868 billion in net inflows over the past twelve months, reflecting 10% organic base fee growth. Record first-half net inflows totaled $321 billion, including $192 billion in the second quarter. BlackRock repurchased $450 million of shares during the quarter and announced plans to increase quarterly share repurchases to $550 million.
BlackRock IncBlackRock reported Q2 Non-GAAP EPS of $13.91, beating estimates by $1.26, and revenue of $7.08B, exceeding expectations.