The chart below shows how BLK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BLK sees a -0.95% change in stock price 10 days leading up to the earnings, and a +1.23% change 10 days following the report. On the earnings day itself, the stock moves by +1.29%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Record Net New Assets: With over $600 billion in net new assets entrusted to Black Rock, 2024 was a milestone year of programmatic organic and inorganic actions rooted in client needs, investment capability expansion, technology, and scale.
Strategic Investment Initiatives: We executed breakthrough investment offerings and industry-leading partnerships.
Future of Asset Management: 2024 marks a quantum leap forward for Black Rock against our long-term value creation objectives and an invigoration of the future of asset management and technology services for our clients.
Record Net Inflows: We saw record net inflows in 2024, powered by two back-to-back record flows quarters in the second half.
Double-Digit Growth: Our annual revenue, operating income, and earnings per share each grew double digits.
Negative
Double-Digit Growth Achieved: Our annual revenue, operating income, and earnings per share each grew double digits.
Profitable Growth and Margin Expansion: We made disciplined investments for profitable growth, delivering 280 basis points of margin expansion as our AUM grew to a new high of nearly $11.6 trillion.
Strong Q4 Base Fee Growth: We entered 2025 from a position of strength, having generated 7% annualized organic base fee growth in the fourth quarter, our highest in three years.
Client Activity and Revenue Growth: Our record client activity and the accelerating organic revenue growth we saw in 2024, they're independent of the lift that we believe will come from GIP, HPS, and Preqin.
Fee Rate Increase: Our annualized effective fee rate was approximately seven-tenths of a basis point higher compared to the third quarter.