BlackRock (NYSE: BLK) reported earnings on May 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), BlackRock met expectations on revenues and beat slightly on earnings per share.

Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.

Margins expanded across the board.

Revenue details
BlackRock logged revenue of $2.45 billion. The 15 analysts polled by S&P Capital IQ predicted net sales of $2.44 billion on the same basis. GAAP reported sales were 8.9% higher than the prior-year quarter's $2.25 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $3.65. The 20 earnings estimates compiled by S&P Capital IQ forecast $3.59 per share. Non-GAAP EPS of $3.65 for Q1 were 16% higher than the prior-year quarter's $3.16 per share. GAAP EPS of $3.62 for Q1 were 15% higher than the prior-year quarter's $3.14 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 53.6%, 200 basis points better than the prior-year quarter. Operating margin was 38.5%, 230 basis points better than the prior-year quarter. Net margin was 25.8%, 40 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $2.51 billion. On the bottom line, the average EPS estimate is $3.85.

Next year's average estimate for revenue is $10.32 billion. The average EPS estimate is $16.00.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 483 members out of 531 rating the stock outperform, and 48 members rating it underperform. Among 131 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give BlackRock a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BlackRock is outperform, with an average price target of $255.47.

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