BlackRock Results Presentation Deck

$3,025 Q3 2021 48% $(178) 20% Employee comp. & benefits (1) $(99) 12% Product launch costs and commissions 20% Quarterly expense, as adjusted ($ in millions) Q3 2022 compared to Q3 2021 $(299) $(49) ■ Employee comp. & benefits Distribution & servicing costs Distribution & servicing costs Direct fund expense General & administration $(36) Direct fund expense $63 G&A expense (1) $2,726 Q3 2022 Percentage Change Employee comp. & benefits Distribution & servicing costs Direct fund expense Product launch costs and commissions General & administration Total $2,799 Q2 2022 Q3 2022 compared to Q2 2022 $(73) $(74) Employee comp. & benefits $(36) Year-over-Year Sequential (12)% (5)% (8)% (6)% (10)% 5% (100)% -% 13% 4% (10)% (3)% Distribution & servicing costs $14 Direct fund expense $23 G&A expense $2,726 Q3 2022 (1) Amounts exclude product launch costs and commissions incurred in Q3 2021, which are presented separately. Q3 2022, Q3 2021 and Q2 2022 expense, as adjusted, exclude expenses related to (i) amortization of intangible assets of $38 million for each quarter, respectively; (ii) acquisition-related compensation costs of $5 million, $12 million and $6 million, respectively; (iii) contingent consideration fair value adjustments of $1 million, $29 million and $0 million, respectively; and (iv) Lease cost - Hudson Yards of $15 million, $11 million and $15 million, respectively. For further information, see reconciliations to GAAP on page 10 of this earnings release supplement and note (1) to the condensed consolidated statements of income and supplemental information in the current earnings release. BlackRock. 8

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