BlackRock Results Presentation Deck

$2,630 Q4 2020 52% $11 1% 19% BlackRock. $36 Amortization Direct fund of intangible expense assets 10% 18% Quarterly expense, as adjusted ($ in millions) $73 Q4 2021 compared to Q4 2020 $420 Employee comp. & benefits G&A expense Distribution & servicing costs Direct fund expense General & administration expense Amortization of intangible assets $82 Distribution & servicing costs $218 $3,050 Employee comp. & benefits Q4 2021 Percentage Change Employee comp & benefits (1) Distribution & servicing costs Direct fund expense Product launch costs and commissions General and administration (1) Amortization of intangible assets Total $3,104 $(99) Q3 2021 Product launch costs and comissions $(35) Q4 2021 compared to Q3 2021 $(54) Direct fund expense Year-over-Year $2 16% 16% 13% Distribution & servicing costs 15% 41% 16% $35 Sequential 2% 0% (10)% (100)% 9% 0% (2)% Employee comp. & benefits (1) $43 G&A expense (1) $3,050 Q4 2021 (1) Amounts exclude product launch costs and commissions incurred in Q3 2021, which are presented separately. Q4 2021 and Q3 2021 expense, as adjusted, excludes expenses of $17 million and $11 million, respectively, related to the lease of office space for its future headquarters located at 50 Hudson Yards in New York ("Lease cost - Hudson Yards"). For further information, see reconciliations to GAAP on page 12 of this earnings release supplement and note (1) to the condensed consolidated statements of income and supplemental information in the current earnings release. 8

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