BlackRock stock climbs after Q2 earnings jump as inflows boost AUM to record (BLK:NYSE)

BlackRock (BLK) stock jumps on Q2 earnings beat, strong ETF-driven inflows, and record $15.3T AUM.

BlackRock stock climbs after Q2 earnings jump as inflows boost AUM to record (BLK:NYSE) | Seeking Alpha

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BlackRock (

BLK

) stock gained 4.4% in Wednesday premarket trading after the asset manager's Q2 earnings solidly beat the consensus estimate, as $868B of net inflows over the last 12 months reflected 10% organic base fee growth.

Q2 long-term net quarterly

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Quick Insights

How do BlackRock's Q2 inflows compare to consensus estimates?

BlackRock's Q2 long-term net inflows were $199B, topping the Visible Alpha consensus of $190B and increasing from $136B in the prior quarter.

What is driving BlackRock's record assets under management growth?

Inflows driven by ETFs, private markets, active fixed income, and systematic equity strategies contributed to record AUM of $15.34T.

How did BlackRock's earnings and margins perform this quarter?

Adjusted EPS of $13.91 and revenue of $7.08B both beat estimates; operating margin improved to 45.9% from prior periods.

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