Adjusted earnings per share came in at $11.30, up 15% from Q1 2024, while adjusted operating income rose 14% year-over-year. Despite some drag from acquisition-related costs, which affected GAAP numbers, Blackrock maintained positive operating trends.
The firm also returned $375 million to shareholders through buybacks and raised its dividend to $5.21 per share, a 2% increase.
CEO Larry Fink noted that the company’s diverse platform and growing demand for ETFs and tech services are positioning Blackrock well for continued growth in a dynamic market environment.
We’ve intentionally shaped our platform to serve clients in all market environments, building a premier global public-private markets investment and technology firm. We have leading franchises in categories that we expect to benefit from capital flows and investment, even against volatile public markets. These include our newly enriched private markets platform, ETFs, and Aladdin risk management and technology.
Source:news.bitcoin.com
