BlackRock Q3: ~$2.2B of new money a day, but flows explain only ~43% of the $2T AUM gain
BlackRock reported third-quarter results Wednesday morning: a record $15.49T in assets, $205B of net client inflows and $15.93 adjusted EPS vs about $14.04 expected.
That's ~$2.2B of new money every day of the quarter. Zoom out though: $869B of inflows over 12 months explains only ~43% of the $2.03T jump in assets. The rest came from markets doing the heavy lifting.
Sources: CNBC: BlackRock AUM rose to $15.49T from $13.46T a year earlier; profit $1.66B · StockTitan: adjusted EPS $15.93 vs $14.04 Zacks consensus; $205.5B net inflows · @wallstengine: BLK Q3 revenue $7.75B +19% YoY, adj EPS $15.93, AUM $15.49T, net flows $205.47B, adj op margin 47.8%
Not financial advice. For informational and educational purposes only.
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