Test scores of their working memory also improved, with recall times falling from an average of 167 seconds to 116 seconds.
Dr Farzaneh Sorond, from Harvard Medical School in Boston, who led the study reported online in the journal Neurology, said: "We're learning more about blood flow in the brain and its effect on thinking skills.
"As different areas of the brain need more energy to complete their tasks, they also need greater blood flow. This relationship, called neurovascular coupling, may play an important role in diseases such as Alzheimer's."
Half the participants were given hot chocolate rich in antioxidant flavanol plant compounds while the other half received low-flavanol cocoa.
Flavanol content made no difference to the results, the researchers found.
Dr Paul Rosenberg, from Johns Hopkins School of Medicine in Baltimore, US, who wrote an editorial accompanying the study, said more work is needed to prove a link between cocoa, blood flow problems and cognitive decline.
"But this is an important first step that could guide future studies."
- PA