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BlackRock releases first quarter 2022 earnings report

13 April 2022
3268
2 min.
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BlackRock releases first quarter 2022 earnings report

The company's Q1 2022 report

New York-based BlackRock (NYSE: BLK) today released its Q1 2022 earnings results report.

As for the company's stock, it opened on the plus side in today's trading. However, BlackRock shares have fallen by -3.56% over the last five days. Also, the highest price per share was US$750.36 and the lowest was US$712.20 in the last five days.

The company has a 52-week high of $973.16 and a 52-week low of $660.15.

The company has a market capitalisation of USD 109.27 billion.

Report from the investment company

In its report, BlackRock reported a 7% increase in revenues thanks to organic growth and an 11% increase in revenue from technology services.

Total net flows are US$ 86 billion for Q1 2022.

The company also reported a 14% increase in operating income.

Share repurchases of $500 million for the quarter and an 18% increase in the quarterly cash dividend to $4.88 per share.

The report said quarterly long-term net inflows of $114 billion reflect the strength of the broad platform with positive flows across all product types, investment styles and regions.

The 20% year-over-year increase in diluted earnings per share (adjusted for 18%) also reflects a lower effective tax rate and fewer diluted shares, partially offset by lower non-operating income in the current quarter.

BlackRock was founded in 1988 and is headquartered in New York.

Also worth noting are the company's employees such as:

Laurence Fink - Chairman and CEO;
Rob Kapito - President;
Dalia Osman - Head of External Affairs;
Sandy Boss - Global Head of Investment Stewardship;
Edwin Conway - Global Head of BlackRock Alternative Investors;
Frank Cooper - Chief Marketing Officer;
Robert Fairbairn - Vice Chairman;
Rob Goldstein - COO and Global Head of BlackRock Solutions;
Philipp Hildebrand - Vice Chairman;
Mark McCombe - Chief Client Officer;
Christopher Meade - CLO;
Gary Shedlin - CFO;
Derek Stein - Global Head of Technology and Operations.

Persons13 and Companies1 in the news

Global Head of Technology & Operations at BlackRock
1 place
Chief Financial Officer at BlackRock
2 place
Chief Legal Officer at BlackRock
3 place
Chief Client Officer at BlackRock
4 place
Vice Chairman at BlackRock
5 place
Chief Operating Officer & Global Head of BlackRock Solutions
6 place
Vice Chairman at BlackRock
7 place
Chief Marketing Officer at BlackRock
8 place
Global Head of BlackRock Alternative Investors at BlackRock
9 place
Global Head of Investment Stewardship at BlackRock
10 place
Head of External Affairs at BlackRock
11 place
President of BlackRock
12 place
Chief Executive Officer of BlackRock
13 place
BlackRock
1 place
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