BlackRock Results Presentation Deck

Operating Income and Margin, as adjusted 44.2% 43.5% $1,400 $1,310 Q3 Q4 2018 41.9% $1,233 43.1% BlackRock. $1,278 Q1 Q2 Q3 2018 2019 2019 2019 Profitability ($ in millions, except per share data) 46.0% Operating Income, as adjusted $1,502 $1,538 43.5% 43.7% 41.7% $1,406 $1,273 47.0% $1,757 Q4 Q1 Q2 Q3 2019 2020 2020 2020 Operating Margin, as adjusted $7.52 $1,214 Q3 2018 Net Income and EPS, as adjusted $6.08 $975 $6.61 $6.41 $1,053 $7.15 $1,003 $1,119 $8.34 Net Income, as adjusted $1,309 $7.85 $6.60 $1,032 $1,214 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2018 2019 2019 2019 2019 2020 2020 2020 EPS, as adjusted $9.22 $1,418 For further information and reconciliations between GAAP and as adjusted, see page 9 of this earnings release supplement, notes (1) through (4) in the current earnings release as well as previously filed Form 10-Ks, 10-Qs and 8-Ks. 3

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