BlackRock Results Presentation Deck

$2,805 Q1 2019 $64 Alts Quarterly investment advisory, administration fees and securities lending revenue ($ in millions) Q1 2020 compared to Q1 2019 $39 iShares ETFs FI BlackRock. $37 Cash $32 iShares ETFs EQ $250 $24 || Active FI $23 Active EQ $17 $15 $(1) $3,055 Multi- Non-ETF Non-ETF Q1 2020 Asset EQ FI $3,089 Q4 2019 $12 Alts Q1 2020 compared to Q4 2019 $7 $1 Cash $(34) $(3) $(5) $(9) $(10) $(27) $3,055 iShares Multi- Active Non-ETF Active ETFs FI Asset EQ EQ FI iShares Q1 2020 ETFs EQ 7

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