Earnings for the asset manager fell nearly 60 percent to $927 million over the past year. BlackRock, Inc. (BLK) on Wednesday reported underwhelming financial results for the three months ended December 31, 2018, before the market opened for regular trade. 12/31/2017. © 2021 CNBC LLC. In 2018, BlackRock delivered positive organic asset and base fee growth, increased year-over-year revenue and expanded our operating margins while … Read more BlackRock's closely followed assets under management totaled $5.98 trillion at the end of the quarter, a 5 percent decline over the past 12 months and a 7 percent slip from the prior quarter. Quarterly Revenue ($) Q1, 2018 Q2, 2018 Q3, 2018 Q1, 2019 Q2, 2019 Q3, 2019 Q1, 2020 Q2, 2020 $0 $20 b $40 b Report incorrect company information BlackRock’s technology services revenue increased 30% year-on-year in the third quarter, totalling $259 million compared to $200 million last year. Both indexes posted their worst December since the Great Depression as fears of slowing economic growth and rising borrowing costs kept corporate leaders on-edge. BlackRock helps investors build better financial futures. BlackRock Reports First Quarter 2018 Diluted EPS of $6.68, or $6.70 as adjusted - Blackrock, Inc. BLK The company's assets under management fell 5 percent to $5.98 trillion over the last 12 months and slipped 7 percent from the prior quarter. BlackRock Q3 2018 Earnings Infographic. BlackRock annual net income for 2018 was $4.305B, a 13.07% decline from 2017. The U.S. equity markets suffered a tough end to 2018, with both the Dow Jones Industrial Average and the S&P 500 falling more than 10 percent in the three months ended Dec. 31. Annual stock financials by MarketWatch. As one of the world's largest asset management firms, BlackRock derives significant revenue from advisory and investment management fees. BlackRock’s U.S. ETFs have brought in about $130 billion, down from 2017, despite a record month in November. All Rights Reserved. BlackRock, Inc. (BLK) Q2 2018 Earnings Conference Call Transcript ... Revenue has increased 11%, operating income increased 16%, and our … This segment includes fees generated by BlackRock through its … We want to hear from you. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. BlackRock Inc. Total expense over the period at BlackRock increased 1% compared to last year, driven by higher compensation and the eFront acquisition. BlackRock annual net income for 2020 was $4.932B, a 10.19% increase from 2019. … Recent forays by Greenbriar and BlackRock into cash-burning digital freight brokerages reveal a shifting landscape for capital across asset classes that holds profound implications for venture capital-backed freight tech startups. Earnings for the asset manager fell nearly 60 percent to $927 million. For the year, the company reported profit of $4.93 billion, or $31.85 per share. Please check your download folder. The company will dismiss about 500 employees (about 3 percent of its global workforce) in the weeks ahead, according to an internal memo viewed by CNBC last week. BlackRock annual net income for 2019 was $4.476B, a 3.97% increase from 2018. BlackRock (NYSE: BLK) is the world’s largest asset management firm, with Assets under Management (AUM) of $6.8 trillion at the end of Q2 2019. Third-quarter revenue of $3.6 billion increased 2% year over year while operating income of $1.4 billion rose by 1%. BlackRock posted revenues (on GAAP basis) of $3.61 billion, surpassing the Zacks Consensus Estimate of $3.45 billion. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. In September 2018, BlackRock acquired Citibanamex’s Asset Management business in Mexico, while in August it purchased Tennenbaum Capital. Net income slumped 60% to $927 million or $5.78 per diluted share, on a revenue slide of 9% to $3.43 billion. The company’s assets under management fell 5 … In depth view into BlackRock Revenue (Quarterly) including historical data from 1998, charts, stats and industry comps. BlackRock Q3 2018 Earnings Infographic. REUTERS/Lucas Jackson/File Photo (REUTERS) BlackRock … As of 2018, BlackRock ranked 237 on the Fortune 500 list of the largest United States corporations by revenue. For the fiscal year 2017, BlackRock reported earnings of US$4.970 billion, with an annual revenue of US$12.491 billion, an increase of 12.0% over the previous fiscal cycle. On an adjusted basis, earnings jumped 27% to $7.52 per share. Watch CNBC's interview with Larry Fink of BlackRock. The investment firm posted revenue of $4.48 billion in the period. The financial giant also saw record quarterly inflows of $81 billion in its iShares business as the high-growth exchange-traded fund segment continues to expand. The company said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc. The cuts are part of a company-wide effort to "reallocate resources to our most critical growth opportunities," BlackRock President Rob Kapito said in the memo. The revenue figure was a 9 percent slump from the fourth quarter of 2017. In April 2018, BlackRock announced that it has signed a deal to acquire Tennenbaum Capital, while in November 2017 its announced a transaction to buy Citibanamex's Asset Management business in Mexico. "Across these hold-rated companies, we continue to slightly prefer BlackRock given it is one of the few companies likely to sustain positive organic growth (though margins and EPS growth is likely to become more challenged given market conditions)," Bedell wrote. Net income climbed 29% to $1.22 billion and earnings soared 31% to $7.54 per share. The company's board of directors approved an increase in its quarterly cash dividend, bumping it to $3.30. The New York-based asset manager returned $3.6 billion to shareholders in 2018, including $1.7 billion of full year share repurchases. On an adjusted basis, earnings per share were $6.08, falling short of analyst expectations of $6.27 per share. BlackRock Reports First Quarter 2018 Diluted EPS of $6.68, or $6.70 as adjusted $55 billion of quarterly long-term net inflows, positive across active and index, reflect strength of diversified business model 16% growth in revenue year-over-year driven by base fees … BlackRock's adjusted reported bottom line represents a 2 percent decline from the year-earlier period, when its posted a profit of $6.19 per share. BlackRock Taxable Closed-End Funds Summary of Dividends Paid Calendar Year 2018 Fund Name Ticker Qualified Dividend Income Non-Qualified Dividend Income Long-Term Capital Gains Return of Capital Total ... Revenue Code of 1986, as amended (the "Code"). 2018 Year ended 31 December 2017 Change % Revenue Net revenue profit after taxation (£’000) 32,013 28,093 +14.0 Revenue return per ordinary share 18.15p 15.92p +14.0 Dividend per ordinary share – 1st interim 3.00p 3.00p – – 2nd interim 3.00p 3.00p – … Read the full decision in BlackRock Investment Management (UK) Ltd v The Commissioners for HM Revenue and Customs: [2018] UKUT 0415 (TCC).. VAT – … BlackRock … Sometimes this requires difficult decisions.". BlackRock's (BLK) Q4 earnings surpassed the Zacks Consensus Estimate. In depth view into BlackRock Revenue (TTM) including historical data from 1998, charts, stats and industry comps. BlackRock revenue was $14.54 b in FY, 2019 which is a (2.4%) year over year increase from the previous period. — Editor's note: This story was updated after Refinitiv revised its projection for BlackRock revenues after the company reported its financial results. BlackRock, Inc. (NYSE: BLK) today released its financial results for the third quarter of 2018. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. "But executing on this strategy requires that we move decisively to refocus resources where the impact will be greatest. Sales at the financial giant totaled $3.434 billion, slightly exceeding analyst expectations of $3.432 billion, according to Refinitiv's revised estimate. BlackRock shares have risen 8% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 1%. The amount grew from 10.2 billion U.S. dollars in 2013, up to 14.5 billion dollar in 2019. Equity Investments: $6 billion in FY 2018 (42% of Total Revenues) … See insights on BlackRock including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Och-Ziff Capital Management Group LLC (SCU), America First Multifamily Investors (ATAX), Silvercrest Asset Management Group (SAMG), Puhui Wealth Investment Management (PHCF), BlackRock revenue for the quarter ending December 31, 2020 was, BlackRock revenue for the twelve months ending December 31, 2020 was. Revenue slightly exceeded a revised estimate by Refinitiv. BlackRock annual net income for 2020 was $4.932B, a 10.19% increase from 2019. BlackRock has generated $33.82 earnings per share over the last year and currently has a price-to-earnings ratio of 23.0. Read more Its revenue was up 12.6% compared to the same quarter last year. Data is a real-time snapshot *Data is delayed at least 15 minutes. Revenue Came In Higher-than-Expected. 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