BlackRock Results Presentation Deck

Operating Income GAAP Non-GAAP expense adjustments As Adjusted Nonoperating Income (Expense) GAAP Reconciliation between GAAP and as adjusted ($ in millions) Non-GAAP adjustments As Adjusted Net Income GAAP Non-GAAP adjustments As Adjusted 2019 $ 1,538 $ Q4 $ 1,538 $ 96 (33) 63 $ 1,301 8 $ 1,309 $ $ $ $ $ Q1 684 $ 589 1,273 $ (71) $ 57 (14) $ Q2 226 2020 1,406 1,406 (188) 357 $ Q3 $ 1,757 $ 1,848 $ 1,757 $ 169 $ 224 (153) 71 Q4 54 1,848 $ 319 806 $ 1,214 $ 1,364 $ 1,548 $ 1,032 $ 1,214 $ 1,418 $ (192) $ 127 $ 25 1,573 $ 1,545 $ Q1 $ 1,545 $ $ 46 $ (74) (28) $ $ 1,199 $ 2021 Q2 1,931 $ 1,935 (169) Q3 101 $ 270 $ 336 $ 1,378 $ 11 1,931 $ 1,946 $ 2,056 171 (72) 264 $ 1,681 $ 2,039 9 Q4 $ 1,199 $ 1,549 $ 1,690 17 71 11 82 $ 1,643 (32) $ 1,611 Non-GAAP adjustments include amounts related to the Lease cost - Hudson Yards, the Charitable Contribution and noncash income tax matters, as applicable. For further information and reconciliations to GAAP, see page 12 of this earnings release supplement, notes (1) through (3) to the condensed consolidated statements of income and supplemental information in the current earnings release as well as previously filed Form 10-Ks, 10-Qs and 8-Ks. BlackRock. 12

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