BlackRock Results Presentation Deck

$3,434 Q4 2018 3% 7% 7% $270 Base fees ex. sec lending 6% BlackRock. 73% Q4 2019 compared to Q4 2018 $543 $139 4% $71 Performance Technology fees services revenue Base fees ex. securities lending Securities lending Performance fees Technology services revenue Distribution fees Advisory and other revenue Quarterly revenue ($ in millions) $40 Securities lending $24 $(1) $3,977 Advisory and Distribution Q4 2019 other revenue fees Percentage Change Base fees ex. securities lending Securities lending Performance fees Technology services revenue Distribution fees Advisory and other revenue Total $3,692 Q3 2019 $118 Performance fees Q4 2019 compared to Q3 2019 $285 $90 Year-over-Year Base fees ex. sec lending $43 10% 31% 139% 35% 0% 30% 16% Advisory and other revenue Sequential $19 $15 3% 13% 98% 6% 0% 69% 8% Securities Technology lending services revenue $3,977 Q4 2019 6

View entire presentation