BlackRock Results Presentation Deck

Operating Income GAAP Non-GAAP expense adjustments Reconciliation between GAAP and as adjusted ($ in millions) As Adjusted Nonoperating Income (Expense) GAAP Non-GAAP adjustments As Adjusted Net Income GAAP Non-GAAP adjustments As Adjusted Q1 $ 125 $ Q2 $ 1,233 $ 1,278 $ (7) 2019 $ 1,233 $ 1,278 $ 1,502 $ 1,538 $ 118 $ 57 $ (10) 47 $ Q3 $ 1,053 $ 1,003 $ 1,502 $ (42) $ Q4 (42) $ 1,538 96 (33) 63 1,119 $ 1,301 8 $ 1,053 $ 1,003 $ 1,119 $ 1,309 $ $ $ Q1 $ 684 $ 589 (71) $ $ 1,273 $ 1,406 $ 1,757 $ 1,848 57 (14) $ Q2 2020 226 1,406 $ 1,757 $ 1,848 Q3 (188) 357 $ 224 $ 319 169 $ Q4 (153) (192) 806 $ 1,214 $ 1,364 $ 1,548 54 71 $ 127 $ 25 $ 1,032 $ 1,214 $ 1,418 $ 1,573 $ 2021 Q1 $ 1,545 1,545 46 (74) (28) $ 1,199 $ 1,199 Non-GAAP adjustments include amounts related to the Charitable Contribution and noncash income tax matters, as applicable. For further information and reconciliation between GAAP and as adjusted, see notes (1) through (3) in the current earnings release as well as previously filed Form 10-Ks, 10-Qs and 8-Ks. BlackRock. 9

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