Total revenue for the first quarter of 2011 was $2.28bn, up 14% compared to $1.99bn a year ago.
Operating income was $798m, up 22% compared to $654m in same period last year.
The first quarter 2011 operating margin was 35%, which included $21m of launch costs for the $1bn Resources and Commodities Strategy closed-end fund.
Assets under management (AUM) totaled $3.648 trillion at 31 March 2011, up $87.5bn or 2% during the quarter.
BlackRock chairman and CEO Laurence Fink said he is very pleased with their year-over-year growth in revenues and adjusted EPS, driven by strong investment performance, robust new business in long-term products, increased demand for BlackRock Solutions, and continued expense discipline.
"Our new business results, including $82.4bn in the pipeline, are a direct result of the differentiated value we are delivering for our clients," Fink said.
