BlackRock Results Presentation Deck

$3,346 Q1 2019 2% 7% 7% $240 Base fees ex. sec lending 1% 4% BlackRock. Q1 2020 compared to Q1 2019 $364 79% $70 $15 Quarterly revenue ($ in millions) Base fees ex. securities lending Securities lending Performance fees Technology services revenue Distribution fees Advisory and other revenue $15 $14 $10 Technology Advisory and Performance Distribution Securities services other revenue fees fees lending revenue $3,710 Q1 2020 Percentage Change Base fees ex. securities lending Securities lending Performance fees Technology services revenue Distribution fees Advisory and other revenue Total $3,977 Q4 2019 $6 Distribution fees Q1 2020 compared to Q4 2019 $(267) $(11) Year-over-Year Securities lending $(23) 9% 7% 58% 34% 5% 31% 11% Base fees ex. sec lending Sequential (1)% (7)% (83)% -% 2% (39)% (7)% $(41) $(198) Advisory and Performance other revenue fees $3,710 Q1 2020 6

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