BlackRock Results Presentation Deck

$2,877 Q1 2022 51% $(89) 18% Employee comp. & benefits 12% 19% Quarterly expense, as adjusted ($ in millions) $(69) Q1 2023 compared to Q1 2022 $(145) $(14) Employee comp. & benefits Direct fund expense Distribution & servicing costs Direct fund expense General & administration $27 Distribution & servicing costs (1) Amounts exclude product launch costs in Q4 2022, which are presented separately. G&A expense $2,732 Q1 2023 Percentage Change Employee comp. & benefits Distribution & servicing costs Direct fund expense Product launch costs General & administration (1) Total $2,760 Q4 2022 Q1 2023 compared to Q4 2022 $(28) $(48) G&A expense (1) $(22) Employee comp. & benefits $(6) Year-over-Year Sequential (6)% (2)% (12)% (4)% -% 6% 2% 15% (100)% (9)% (5)% (1)% Production launch costs $8 Distribution & servicing costs $40 Direct fund expense $2,732 Q1 2023 For further information and reconciliations to GAAP, see page 10 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. 8

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