Have you ever heard of BlackRock (ticker symbol: BLK)?
It is one of the world’s largest asset management companies.
This time, I would like to introduce the company’s financial results for the period from January to March 2021, which were announced on April 15, 2021.
January to March 2021
EPS was $7.77 versus the forecast of $8.24.
Net sales were $4.4 billion, compared to the forecast of $4.29 billion.
Revenue growth was +18.5% YoY.
Assets under management were $9 trillion, up 39% from the prior year period. Assets under management were $9 trillion, up 39% year over year, compared to $6.5 trillion in the same period last year.
New money inflows were $172 billion. New inflows were $172 billion, compared to $35 billion in the same period last year.
New inflows by region were $72 billion in the U.S., $39 billion in EMEA, and $22 billion in Asia Pacific.
New inflows by client type were $37 billion from retail investors, $68 billion from ETFs, and $28 billion from institutional investors.
Net income was $1.2 billion. Net income was $1.2 billion, compared to $810 million in the same period last year.