BlackRock Results Presentation Deck

$2,242 Q2 2020 (1) 54% $10 Amortization of intangible assets 1% BlackRock. 18% $73 11% G&A expense 16% Q2 2021 compared to Q2 2020 $647 Quarterly expense, as adjusted ($ in millions) $74 ■ Employee comp. & benefits Distribution & servicing costs Direct fund expense Direct fund expense General & administration expense Amortization of intangible assets $94 Distribution & servicing costs $396 $2,889 Q2 2021 Percentage Change Employee comp. & benefits Distribution & servicing costs Direct fund expense General & administration expense Amortization of intangible assets Total $2,853 Q1 2021 Employee comp. & benefits Amounts exclude product launch costs and commissions incurred in Q1 2021, which are presented separately. Q2 2021 compared to Q1 2021 $36 $(185) Product launch costs and comissions $3 Year-over-Year Sequential 34% 10% 22% 4% 30% -% 19% (21)% 37% 9% 29% 1% Amortization of intangible assets $18 Distribution & servicing costs $54 G&A expense (1) $146 $2,889 Employee comp. & benefits (1) Q2 2021 8

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