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BlackRock Past Earnings Performance

Past criteria checks 4/6

BlackRock has been growing earnings at an average annual rate of 5.9%, while the Capital Markets industry saw earnings growing at 10.3% annually. Revenues have been growing at an average rate of 5.2% per year. BlackRock's return on equity is 14.8%, and it has net margins of 32.4%.

Key information

5.9%

Earnings growth rate

7.0%

EPS growth rate

Capital Markets Industry Growth	-21.0%
Revenue growth rate	5.2%
Return on equity	14.8%
Net Margin	32.4%
Next Earnings Update	11 Oct 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How BlackRock makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

WBAG:BLK Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	18,686	6,047	2,258
31 Mar 24	18,344	5,918	2,213
31 Dec 23	17,859	5,502	2,208
30 Sep 23	17,565	5,386	2,109
30 Jun 23	17,354	5,188	2,116
31 Mar 23	17,417	4,899	2,157
31 Dec 22	17,873	5,178	2,157
30 Sep 22	18,642	5,562	2,141
30 Jun 22	19,381	5,837	2,170
31 Mar 22	19,675	6,138	2,100
31 Dec 21	19,374	5,901	2,187
30 Sep 21	18,746	5,806	2,098
30 Jun 21	18,065	5,489	1,977
31 Mar 21	16,893	5,325	1,907
31 Dec 20	16,205	4,932	2,442
30 Sep 20	15,704	4,685	2,448
30 Jun 20	15,027	4,440	2,373
31 Mar 20	14,903	4,229	2,440
31 Dec 19	14,539	4,476	1,705
30 Sep 19	13,996	4,102	1,643
30 Jun 19	13,880	4,199	1,641
31 Mar 19	13,961	4,269	1,578
31 Dec 18	14,198	4,305	1,573
30 Sep 18	14,528	5,673	1,596
30 Jun 18	14,460	5,401	1,560
31 Mar 18	14,091	5,182	1,515
31 Dec 17	13,600	4,952	1,438
30 Sep 17	12,726	3,508	1,352
30 Jun 17	12,055	3,439	1,316
31 Mar 17	11,623	3,374	1,283
31 Dec 16	12,261	3,168	1,280
30 Sep 16	11,128	3,182	1,356
30 Jun 16	11,201	3,150	1,363
31 Mar 16	11,302	3,180	1,359
31 Dec 15	11,401	3,345	1,380
30 Sep 15	11,322	3,297	1,357
30 Jun 15	11,261	3,371	1,414
31 Mar 15	11,134	3,360	1,479
31 Dec 14	11,081	3,294	1,453
30 Sep 14	11,074	3,322	1,476
30 Jun 14	10,697	3,135	1,434
31 Mar 14	10,401	3,056	1,398
31 Dec 13	10,180	2,932	1,416

Quality Earnings: BLK has high quality earnings.

Growing Profit Margin: BLK's current net profit margins (32.4%) are higher than last year (29.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BLK's earnings have grown by 5.9% per year over the past 5 years.

Accelerating Growth: BLK's earnings growth over the past year (16.6%) exceeds its 5-year average (5.9% per year).

Earnings vs Industry: BLK earnings growth over the past year (16.6%) did not outperform the Capital Markets industry 20%.

Return on Equity

High ROE: BLK's Return on Equity (14.8%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/10/02 14:31
End of Day Share Price	2024/10/02 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

BlackRock, Inc. is covered by 40 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Biggar	Argus Research Company
Kenneth Hill	Barclays
Benjamin Budish	Barclays

This company listing is no longer active

BlackRock Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

BlackRock, Inc. to Report Q3, 2024 Results on Oct 11, 2024

Second quarter 2024 earnings released: EPS: US$10.07 (vs US$9.13 in 2Q 2023)

Recent updates

An affiliate of Baring Private Equity Asia Fund VIII, managed by EQT Private Capital Asia completed the acquisition of Perficient, Inc. (NasdaqGS:PRFT) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Wellington Management Group LLP and others.

Chesapeake Energy Corporation (NasdaqGS:CHK) completed the acquisition of Southwestern Energy Company (NYSE:SWN).

BlackRock, Inc. to Report Q3, 2024 Results on Oct 11, 2024

Boston Scientific Corporation (NYSE:BSX) completed the acquisition of Silk Road Medical, Inc (NasdaqGS:SILK) from a group of shareholders.

Diamondback Energy, Inc. completed the acquisition of Endeavor Energy Resources, LP from Endeavor Manager, LLC, The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Wellington Management Company LLP, State Street Corporation (NYSE:STT) and others.

Diamondback Energy, Inc. completed the acquisition of Endeavor Energy Resources, LP from Endeavor Manager, LLC, The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Wellington Management Company LLP, State Street Corporation (NYSE:STT) and others.

Noble Corporation plc (NYSE:NE) completed the acquisition of Diamond Offshore Drilling, Inc. (NYSE:DO) from BlackRock, Inc. (NYSE:BLK), KGH Ltd., The Vanguard Group, Inc., Capital Research Global Investors and others

Upcoming dividend of US$5.10 per share

Nordson Medical Corporation completed the acquisition of Atrion Corporation (NasdaqGS:ATRI) from a group of shareholders.

Japan Tobacco Inc. (TSE:2914) entered into a definitive agreement to acquire Vector Group Ltd. (NYSE:VGR) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Frost Gamma Investments Trust and others for approximately $2.4 billion.

Independent Director recently sold €1.2m worth of stock

Now 21% undervalued

Apollo Global Management, Inc. (NYSE:APO) completed the acquisition of U.S. Silica Holdings, Inc. (NYSE:SLCA) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Renaissance Technologies LLC, Dimensional Fund Advisors LP and others.

Second quarter dividend of US$5.10 announced

JD Sports Fashion Plc (LSE:JD.) completed the acquisition of Hibbett, Inc. (NasdaqGS:HIBB) from a group of sellers.

Woodside Energy Group Ltd (ASX:WDS) entered into a definitive agreement to acquire Tellurian Inc. (NYSEAM:TELL) from Chatterjee Fund Management L P, State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK) and others for approximately $860 million.