BlackRock, Inc. (NYSE: BLK) reported second quarter 2022 earnings results today.
Total revenue decreased 6% year-over-year to $4.5 billion, mainly due to the impact of significantly lower markets and dollar appreciation on average AUM and lower performance fees.
GAAP net income declined 22% YoY to $1.07 billion, or $7.06 per share, due to lower non-operating income. Adjusted EPS dropped 30% to $7.36.
Total net inflows amounted to $90 billion in the quarter.