BlackRock Results Presentation Deck

Operating Income and Margin, as adjusted 46.6 $2,107 44.2% 43.7% $1,822 $1,727 42.0% BlackRock Profitability ($ in millions, except per share data) 41.2% Q4 Q1 Q2 Q3 Q4 2021 2022 2022 2022 2022 $1,585 $1,577 Operating Income, as adjusted 40.4% $1,511 42.5% 42.3% 41.6% $1,675 $1,691 $1,716 Q1 Q2 Q3 Q4 2023 2023 2023 2023 Operating Margin, as adjusted $10.68 $1,650 Net Income and EPS, as adjusted $9.52 $1,462 $7.36 $1,122 $9.55 $1,451 $8.93 $1,356 Q4 Q1 Q2 Q3 Q4 2021 2022 2022 2022 2022 Net Income, as adjusted $7.93 $9.28 $1,200 $10.91 $1,399 $1,642 $9.66 EPS, as adjusted $1,451 Q1 Q2 Q3 Q4 2023 2023 2023 2023 For further information and reconciliations to GAAP, see page 13 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. Beginning in the first quarter of 2023, the Company updated its definitions of operating income, as adjusted, operating margin, as adjusted, nonoperating income (expense), as adjusted, and net income attributable to BlackRock, Inc. as adjusted, to exclude the compensation expense related to the market valuation changes on certain deferred cash compensation plans, and the related gain (loss) on the economic hedge of these deferred cash compensation plans. 3

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