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BlackRock releases first quarter 2022 earnings report

13 April 2022
2 min.
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
1 place
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