BlackRock, Inc. reported robust financial results for the fourth quarter and the full year of 2024. For the year, the company achieved a diluted EPS of $42.01, which adjusted to $43.61, marking significant profitability. The fourth quarter alone saw a diluted EPS of $10.63, rising to $11.93 when adjusted. The company's assets under management (AUM) reached a staggering $11.6 trillion, driven by a record $641 billion in net inflows for the year, including $281 billion in the final quarter. This increase in AUM was supported by the positive impact of market movements, organic base fee growth, fees from AUM acquired in the GIP Transaction, higher performance fees, and revenue from technology services.

The firm also reported a 14% increase in revenue and a 21% rise in operating income for the year, which adjusted to 23%. The enhanced financial performance was somewhat offset by lower nonoperating income and a higher effective tax rate compared to previous periods. Additionally, BlackRock demonstrated its commitment to shareholder returns by distributing $4.7 billion in 2024, including $1.6 billion through share repurchases. A strategic move was highlighted by the announcement of an agreement to acquire HPS Investment Partners, which is set to create an integrated private credit franchise with around $220 billion in pro-forma client assets, indicating BlackRock's continued expansion in the financial services sector.