BlackRock Inc. announced on Wednesday that its revenue in the fourth quarter of fiscal 2024 stood at $5.68 billion, jumping by 23% compared to the same period a year prior.
The GAAP diluted earnings per share (EPS) in the reported quarter surged by 16% year-over-year to land at $10.63. Net income amounted to $1.67 billion, rising by 21% on an annual basis, while the operating income soared by 31% annually to reach $2.07 billion. Assets under management (AUM) stood at $11.5 trillion. The world's largest asset manager also revealed that its revenue for the full 2024 jumped by 14% to $20.4 billion, while its 2024 EPS climbed by 15% to land at $42.01.
"Our record organic growth and financial results do not yet reflect the full integration or pending acquisitions of the high-growth businesses of GIP, HPS and Preqin," CEO Laurence Fink commented. BlackRock's stock was up by 2.27% in the premarket trading following the release of the report.
