BlackRock Results Presentation Deck

Operating Income GAAP Non-GAAP expense adjustments As Adjusted Reconciliation between GAAP and as adjusted ($ in millions) Nonoperating Income (Expense) GAAP Non-GAAP adjustments As Adjusted Net Income GAAP Non-GAAP adjustments As Adjusted Q2 $ $ $ 1,278 $ 1,502 $ 1,538 $ 1,278 $ 1,502 57 $ 2019 (10) Q3 47 $ Q4 $ 1,538 (42) $ (42) $ (33) 63 $ 1,003 $ 1,119 $ 1,301 8 $ $ 1,003 $ 1,119 $ 1,309 96 $ (71) $ Q1 $ 684 $ 589 57 Q2 $ 1,273 $ 1,406 $ 1,757 $ 1,848 2020 226 $ 1,406 $ 1,757 $ 1,848 Q3 (188) (14) $ 169 $ 357 $ 224 $ 319 Q4 (153) (192) 71 $ 127 806 $ 1,214 $ 1,364 $ 1,548 54 25 $ 1,032 $ 1,214 $ 1,418 $ 1,573 Q1 2021 $ 1,545 $ 1,931 $ Q2 $ 1,545 $ 1,931 $ 46 $ 270 (74) (169) (28) $ 101 $ 1,199 $ 1,378 171 $ 1,199 $ 1,549 Non-GAAP adjustments include amounts related to the charitable contribution of BlackRock's remaining 20% stake in PennyMac Financial Services, Inc. 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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