BlackRock Upbeat on Margins in 2018 on Technology Advances
By deploying technology and economies of scale, BlackRock (BLK) has improved its operating margins in the last few quarters. BlackRock holds a major portion of its assets under management (or AUM) in index funds and ETFs. BlackRock spent ~$2.0 billion in 4Q17, representing 19.0% growth compared to 20.0% growth in revenues.