BlackRock Inc (N:BLK)
Business Focus: Investment Management & Fund Operators
| Sector: Financials | Industry: Investment Management & Fund Operators |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 50 Hudson Yards NEW YORK NY 10001 |
| Tel: | N/A |
| Website: | https://www.blackrock.com |
| IR: | See website |
| Key People | ||
| Laurence D. Fink Chairman of the Board, Chief Executive Officer | Mark K. Wiedman Senior Managing Director, Head of International and of Corporate Strategy | Robert S. Kapito President, Director |
| Martin Small Chief Financial Officer, Senior Managing Director | Robert L. Goldstein Chief Operating Officer, Senior Managing Director, Head of BlackRock Solutions | Christopher J. Meade Chief Legal Officer, General Counsel, Senior Managing Director |
| Stephen Cohen Senior Managing Director, Head of EMEA | Caroline Heller Senior Managing Director, Global Head of Human Resources | J. Richard Kushel Senior Managing Director, Head of the Portfolio Management Group | Rachel Lord Senior Managing Director, Head of Asia Pacific |
| Business Overview |
| BlackRock, Inc. is an investment management company. The Company provides a range of investment management and technology services to institutional and retail clients. Its diverse platform of alpha-seeking active, index and cash management investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. The Company's product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives, and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares and exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. The Company also offers technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, and Cachematrix, as well as advisory services and solutions. |
| Financial Overview |
| For the three months ended 31 March 2024, BlackRock Inc revenues increased 11% to $4.73B. Net income increased 36% to $1.57B. Revenues reflect Investment advisory performance fees increase from $55M to $204M, Technology services revenue increase of 11% to $377M, Advisory and other revenue increase from $27M to $59M. Net income benefited from Net gain (loss) on investments increase of 92% to $171M (income). |
| Employees: | 19,800 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $18,344M as of Mar 31, 2024 |
| EBITDA (TTM): | $6,993M as of Mar 31, 2024 |
| Net annual income (TTM): | $5,918M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 148,942,491 as of Jan 31, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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