BlackRock Results Presentation Deck

$2,760 Q4 2022 51% $(6) 17% Product launch costs 11% $5 21% Quarterly expense, as adjusted ($ in millions) $43 Q4 2023 compared to Q4 2022 $155 ■ Employee comp. & benefits Distribution Direct fund & servicing expense costs Distribution & servicing costs Direct fund expense General & administration $49 Employee comp. & benefits $64 G&A expense (1) $2,915 Q4 2023 (1) Amounts exclude product launch costs in Q4 2022, which are presented separately. Percentage Change Employee comp. & benefits Distribution & servicing costs Direct fund expense Product launch costs General & administration (1) Total $2,831 Q3 2023 Q4 2023 compared to Q3 2023 $84 $(36) Direct fund expense $(24) Year-over-Year Sequential 3% 4% 1% 16% (5)% (10)% -% 16% (100)% 11% 6% 3% Distribution & servicing costs $56 Employee comp. & benefits $88 G&A expense $2,915 Q4 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. BlackRock 8

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