(in millions, except shares and per share data)

2019

1^st Quarter⁽¹⁾

2^nd Quarter

3^rd Quarter⁽²⁾

4^th Quarter⁽³⁾

Revenue

$

3,346

$

3,524

$

3,692

$

3,977

Operating income

$

1,233

$

1,278

$

1,502

$

1,538

Net income

$

1,060

$

1,013

$

1,119

$

1,334

Net income attributable to BlackRock, Inc.

$

1,053

$

1,003

$

1,119

$

1,301

Earnings per share attributable to BlackRock, Inc. common stockholders:

Basic

$

6.65

$

6.46

$

7.21

$

8.38

Diluted

$

6.61

$

6.41

$

7.15

$

8.29

Weighted-average common shares outstanding:

Basic

158,268,034

155,354,552

155,280,877

155,195,733

Diluted

159,348,431

156,360,741

156,447,387

156,894,201

Dividend declared per share

$

3.30

$

3.30

$

3.30

$

3.30

2018

Revenue

$

3,583

$

3,605

$

3,576

$

3,434

Operating income

$

1,375

$

1,440

$

1,396

$

1,246

Net income

$

1,094

$

1,078

$

1,203

$

927

Net income attributable to BlackRock, Inc.

$

1,089

$

1,073

$

1,216

$

927

Earnings per share attributable to BlackRock, Inc. common stockholders:

Basic

$

6.75

$

6.67

$

7.59

$

5.84

Diluted

$

6.68

$

6.62

$

7.54

$

5.78

Weighted-average common shares outstanding:

Basic

161,250,018

160,980,960

160,141,506

158,859,998

Diluted

162,918,961

162,161,937

161,378,217

160,450,266

Dividend declared per share

$

2.88

$

2.88

$

3.13

$

3.13

(1)

The first quarter of 2019 and 2018 included $22 million and $56 million, respectively, of discrete tax benefit related to stock-based compensation awards that vested in the first quarter of each respective year.

(2)

The third quarter of 2018 benefited from $90 million of discrete tax items, primarily related to changes in the Company’s organizational entity structure.

(3)

The fourth quarter of 2018 included a pre-tax restructuring charge of $60 million.