Growth and Transition Strategy Update

Successful execution of our financial framework Organic growth 5% organic asset growth¹ 5% organic base fee growth² 1/1/18 - 12/31/22 Operating margin (as adj.) 46.8% in 2021 44.1% 20173 Primarily 2022 beta 42.8% impact 2022 Capital management $7.9 billion shares repurchased (7)% share count reduction $10.00 2017 Dividend 10% CAGR $19.52 2022 Dividend Note: Represents as adjusted operating margin. 2017 operating margin, as adjusted, does not reflect the updated definition effective beginning in 1Q22. Periods subsequent to 2017 reflect the updated definition of operating margin, as adjusted. For reconciliation between GAAP and as adjusted, see the previously filed Forms 10-K, 10-Q and 8-K and the appendix to this presentation on slide 137. For footnoted information, refer to slide 135. BlackRock 121

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