BlackRock's revenue in Q1 up 12% to $5.3 billion - Breaking The News

BlackRock's revenue in Q1 up 12% to $5.3 billion

11 April

1 min read

EPA-EFE/JUSTIN LANE

BlackRock Inc. shared on Friday that its revenue in the first quarter of its fiscal 2025 came in at $5.3 billion, growing 12% compared to the same three-month period in 2024.

Meanwhile, net income in the first trimester landed at $1.5 billion, down 4% on an annual basis, while diluted earnings per share tumbled 8% to $9.64. Operating income was virtually unchanged at $1.7 billion.

"BlackRock's positioning and connectivity with clients are stronger than ever, and it's clear in our results ... The goal for us is to keep our clients focused on the long-term, and help them achieve any near-term allocation or liquidity changes they need within the BlackRock platform," CEO Larry Fink commented.

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