BlackRock reported net income of approximately $6.4 billion for fiscal year 2024, up sharply from $5.5 billion the prior year. The rebound was driven by record assets under management generating higher base fees and a strong recovery in performance fees as equity markets rose through 2024 after the 2022 rate-driven pullback.
Annual Earnings Of BlackRock
| Year |
Net Income (USD) |
YoY Change |
| 2015 | $3.3B | — |
| 2016 | $3.2B | −3.0% |
| 2017 | $4.0B | +25.0% |
| 2018 | $4.3B | +7.5% |
| 2019 | $4.5B | +4.7% |
| 2020 | $4.9B | +8.9% |
| 2021 | $5.9B | +20.4% |
| 2022 | $5.2B | −11.9% |
| 2023 | $5.5B | +5.8% |
| 2024 | $6.4B | +16.4% |
BlackRock P/E Ratio
| Year |
P/E Ratio |
YoY Change |
| 2015 | 17.2x | — |
| 2016 | 17.8x | +3.5% |
| 2017 | 20.0x | +12.4% |
| 2018 | 14.5x | −27.5% |
| 2019 | 19.9x | +37.2% |
| 2020 | 22.9x | +15.1% |
| 2021 | 24.1x | +5.2% |
| 2022 | 17.7x | −26.6% |
| 2023 | 19.6x | +10.7% |
| 2024 | 23.8x | +21.4% |
