BlackRock Results Presentation Deck

2% 7% 7% $14,198 2018 BlackRock. 3% 4% 77% $234 Base fees ex. sec lending Full year revenue ($ in millions) ■Base fees ex. securities lending Securities lending ■Performance fees Technology services revenue Distribution fees ■Advisory and other revenue $189 Technology services revenue $38 Percentage Change Performance fees Base fees ex. securities lending 2019 compared to 2018 $341 Securities lending Performance fees Technology services revenue Distribution fees Advisory and other revenue Total $(10) Securities lending $(24) Year-over-Year $(86) Advisory and other Distribution fees revenue 2% (2)% 9% 24% (7)% (8)% 2% $14,539 2019 9

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