Investing to Deliver Shareholder Value

We are also delivering operating leverage AUM $5.1T Employees 13,000 Operating Margin, as adjusted 43.8% 2016 +86% +38% +160bps IRH1221U/M-1946957-1/20 $9.5T As of 9/30/21 18,000 As of 9/30/21 45.4% 9/30/21 LTM Note: Operating margin, as adjusted is a non-GAAP measure. For further information and reconciliation between GAAP and as adjusted operating margin, see the previously filed Form 10-Ks, 10-Qs, 8-Ks and the presentation appendix on slides 17-18. BlackRock 9

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