BlackRock Results Presentation Deck

Operating Income GAAP Non-GAAP expense adjustments As Adjusted Nonoperating Income (Expense) GAAP Reconciliation between GAAP and as adjusted ($ in millions) Non-GAAP adjustments As Adjusted Net Income GAAP Non-GAAP adjustments As Adjusted BlackRock. Q2 $ 22 $ 1,406 $ 1,757 $ 1,848 357 $ (188) $ 169 2020 $ 1,428 $ 1,793 $ 1,877 Q3 $ 17 36 (153) Q4 224 $ 319 71 29 $ 82 (192) $1,214 $ 1,364 $ 1,548 127 47 $ 1,231 $ 1,446 $ 1,595 Q1 $ $ 1,545 $ 1,931 $ 1,599 $ 54 46 (74) Q2 2021 (28) $ 41 85 $ 270 $ (169) $ 1,935 101 $ $ 1,199 $ 1,378 $ Q3 $ 2,016 $ 2,025 $ 2,107 236 90 336 $ (72) $ 2,039 Q4 264 $ 69 68 71 11 82 1,681 $ 1,643 7 $ 1,240 $ 1,614 $ 1,750 $ 1,650 $ Q1 $ 1,764 2022 $ 58 73 Q2 $ 1,668 1,822 $ 1,727 $ (138) $ (347) (65) $ 59 26 114 (233) $ 1,436 $ 1,077 45 $ 1,462 $ 1,122 Beginning in the first quarter of 2022, BlackRock updated the definitions of operating income, as adjusted, operating margin, as adjusted, and net income attributable to BlackRock, Inc., as adjusted. Such measures have been recast for 2021 and 2020 to reflect the inclusion of such new adjustments. Non-GAAP adjustments include amounts related to (i) amortization of intangible assets, (ii) acquisition- related compensation costs, (iii) contingent consideration fair value adjustments, (iv) Charitable Contribution and (v) noncash income tax matters, as applicable. For further information and reconciliation between GAAP and as adjusted, see notes (1) and (2) in the current earnings release as well as previously filed Form 10-Ks, 10-Qs and 8-Ks. 10

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