BlackRock Results Presentation Deck

$2,804 Q2 2021 50% $(93) Employee comp. & benefits 20% 11% BlackRock. 19% $(16) Quarterly expense, as adjusted ($ in millions) Q2 2022 compared to Q2 2021 $(5) Direct fund expense $49 Employee comp. & benefits Distribution & servicing costs Distribution & servicing costs Direct fund expense General & administration $55 G&A expense $2,799 Q2 2022 Percentage Change Employee comp. & benefits Distribution & servicing costs Direct fund expense General & administration Total $2,877 Q1 2022 $(83) Q2 2022 compared to Q1 2022 $(78) Employee & benefits $(25) Year-over-Year Sequential (6)% (6)% -% 9% (5)% 12% Direct fund expense $(2) -% Distribution & servicing costs $32 G&A expense (8)% 7% (3)% $2,799 Q2 2022 Q2 2022, Q2 2021 and Q1 2022 expense, as adjusted, exclude expenses related to (i) amortization of intangible assets of $38 million, $37 million and $38 million, respectively; (ii) acquisition-related compensation costs of $6 million, $47 million and $7 million, respectively; (iii) contingent consideration fair value adjustments of $0 million, $1 million and $1 million, respectively; and (iv) Lease cost - Hudson Yards of $15 million, $0 million and $12 million, respectively. For further information, see reconciliations to GAAP on page 10 of this earnings release supplement and note (1) to the condensed consolidated statements of income and supplemental information in the current earnings release. 8

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