BlackRock Results Presentation Deck

Operating Income GAAP Non-GAAP expense adjustments As Adjusted Nonoperating Income (Expense) GAAP Reconciliation between GAAP and as adjusted ($ in millions) Non-GAAP adjustments As Adjusted Net Income GAAP Non-GAAP adjustments As Adjusted BlackRock. Q3 $ 1,757 $ $ 2020 $ 36 $ 1,793 $ 1,877 224 $ (153) 71 Q4 $ 82 1,848 29 319 (192) 127 $ 1,364 $ 1,548 47 $ 1,446 $ 1,595 $ 1,545 Q1 $ $ 54 46 $ (74) Q2 $ 1,599 $ 2,016 $ 2,025 (28) $ 2021 41 $ 1,931 $ 1,935 $ 2,039 85 (169) Q3 101 $ $ 1,199 $ 1,378 270 $ 336 $ 90 236 (72) Q4 264 $ $ 2,107 69 68 71 11 82 $ 1,681 $ 1,643 7 $ 1,240 $ 1,614 $ 1,750 $ 1,650 Q1 $ 1,764 $ 1,668 58 $ 2022 Q2 73 59 $ 1,822 $ 1,727 $ 1,585 26 $ (138) $ (347) $ 165 Q3 114 $ 1,526 59 45 (65) $ (233) $ 210 45 $ 1,436 $ 1,077 $ 1,406 45 $ 1,462 $ 1,122 $ 1,451 Beginning in the first quarter of 2022, BlackRock updated the definitions of operating income, as adjusted, operating margin, as adjusted, and net income attributable to BlackRock, Inc., as adjusted. Such measures have been recast for 2021 and 2020 to reflect the inclusion of such new adjustments. Non-GAAP adjustments include amounts related to (i) amortization of intangible assets, (ii) acquisition- related compensation costs, (iii) contingent consideration fair value adjustments, (iv) Lease cost - Hudson Yards and (v) noncash income tax matters, as applicable. For further information and reconciliation between GAAP and as adjusted, see notes (1) and (2) in the current earnings release as well as previously filed Form 10-Ks, 10-Qs and 8-Ks. 10

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