BLK BlackRock Inc

Q2 2024 10-Q

Filed: Aug 6, 2024Period ending Jun 30, 2024

Financials

Security Brokers, Dealers & Flotation CompaniesSEC EDGAR

BlackRock Inc (BLK) 10-Q quarterly report for Q2 2024, filed with SEC EDGAR on Aug 6, 2024 for the fiscal period ending Jun 30, 2024. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q2 2024 10-Q

Management Discussion & Analysis

• Revenue $4.8B for Q2 FY24, up $342M (8%) YoY from $4.5B in Q2 FY23, driven by organic base fee growth and higher performance fees
• GAAP operating margin 37.5% vs 36.2% YoY, as adjusted operating margin 44.1% vs 42.5% YoY for Q2 FY24, reflecting higher base fees and technology revenue

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Risk Factors

• No new or changed risk factors disclosed this quarter versus 2023 10-K
• Continued exposure to market volatility could materially impact assets under management and fee revenue

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Quarterly Financial Summary
XBRL

Revenue

$4.8B

▲ +7.7% YoY▲ +1.6% QoQ

Net Income

$1.5B

▲ +9.4% YoY▼ -5.0% QoQ

Operating Margin

37.5%

▲ +127bp YoY▲ +165bp QoQ

Net Margin

31.1%

▲ +51bp YoY▼ -216bp QoQ

ROE

3.7%

Total Assets

$125.3B

EPS (Diluted)

$9.99

▲ +10.3% YoY▼ -4.7% QoQ

Operating Cash Flow

$1.4B

▲ +38.6% YoY▲ +434.6% QoQ

Source: XBRL data from BlackRock Inc Q2 2024 10-Q filing on SEC EDGAR. All figures in USD.

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