BlackRock Results Presentation Deck
3%
3%
$11
($3)
Q3
2018
9%
2%
$34
2%
($15)
$50
$6
$44
Q4
2018
10%
$81
2%
1%
$65
$6
$59
Long-term
Q1
2019
9%
Total BlackRock
$31
4%
2%
$151
$26
$125
10%
5%
$36
3%
$84
$32
$52
10%
7%
Cash
5%
Q2 Q3 Q4
2019 2019 2019
iShares ETFs
$42
$129
$30
$99
11%
$75
Q3
Q1
Q2
Q3
Q4
Q4
2018 2018 2019 2019 2019 2019
6%
4%
$141
$35
$53
($19)
Advisory
Q1
2020
9%
$14
Q1
2020
Net flows
($ in billions)
5%
5%
$100
$24
$62
Q2
2020
9%
$51
Q2
2020
6%
7%
$129
$28
$98
Q3
2020
9%
$41
Q3
2020
$3
6%
$2
Q3
2018
0%
$(1)
$(24)
Q3
2018
3%
$(3)
Q4
2018
(2)%
0%
$(8)
$(1)
Retail Long-term
0%
$2
$14
$15
(1)% 2%
Institutional Active
$14
0%
$73
$7
Q1
Q2
Q3
Q4
Q1
2019 2019 2019 2019 2020
$(27)
Q4 Q1 Q2
2018 2019 2019
Institutional Long-term
3%
3%
$8
$(4)
$8
Q3
2019
2%
4%
$(2)
$1
$15
2%
4%
$16
0%
Institutional Index
Q2
Q3
2020 2020
6%
$20
$3
0%
$7
$30
$(2)
$(29) $(8)
Q4 Q1 Q2 Q3
2019 2020 2020 2020
LTM organic base fee growth rate (%)
LTM organic asset growth rate (%)
Note: LTM organic asset growth rate measures rolling last twelve months net flows over beginning of period assets. LTM organic base fee (ex. securities lending) growth rate is calculated
by dividing net new base fees earned on net asset inflows for the LTM period by the base fee run-rate at the beginning of the period.
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