BlackRock delivers $7.08 billion Q2 revenue

• BlackRock announced that total assets under management surpassed $15 trillion for the first time in the history of the firm.
• The company generated $7.08 billion in second-quarter revenue, representing a 31% year-over-year increase.
• The asset manager attracted $192 billion in net client cash inflows during the period.

BlackRock (NYSE:BLK) reported second-quarter revenue of $7.08 billion as total assets surpassed $15 trillion for the first time.

This revenue figure represented a 31% year-over-year increase and exceeded the $6.72 billion consensus estimate.

The company generated $192 billion in net client cash inflows during the quarter.

BlackRock reported an earnings per share of $13.91, which topped the Wall Street consensus estimate of $12.57.

The firm stated that the total assets under management reached a new threshold for the business.

The overall asset growth reflected the sustained accumulation of net client cash during the second quarter.