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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 4.81B | 3.6% |
Gross Profit | 2.73B | 9.6% |
Cost of Revenue | 2.08B | 3.3% |
Operating expense | 3.01B | 1% |
Net Income | 1.5B | 5% |
EBITDA | 2.14B | 7.2% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 125B | 1% |
Total Liabilities | 83B | 1% |
Total Equity | 40.1B | 0.9% |
Shares Outstanding | 148M | 0.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 1.37B | 434.6% |
Cash from investing | 163M | 840.9% |
Cash from financing | -641M | 158.5% |
EPS
Financial Highlights for Blackrock in Q2 '24
Blackrock reported a revenue of 4.81B, which is a 3.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.73B, marking a 9.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.08B, a -3.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 3.01B, showing a -1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.5B, showing a -5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 2.14B, showing a 7.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Blackrock faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.