Slide 1: Q2 2021 Earnings Release Supplement
July 14, 2021 Q2 2021 Earnings Earnings Release Supplement
Slide 2: A broadly diversified business across clients, products and geographies
A broadly diversified business across clients, products and geographies Assets Under Management of $9.5 trillion at June 30, 2021 Q2 2021 Base Fees and Securities Lending Revenue of $3.757 billion Client Type Style Product Type Region Active Institutional 26% 26% Active Equity Equity 49% Institution
Slide 3: Net flows
Net flows ($ in billions) Total BlackRock Retail Long-term 4% 5% 7% 6% 5% 6% 5% 8% 7% 0% 0% 3% 2% 4% 6% 10% 18% 16% 2% 3% 5% 4% 5% 7% 7% 14% 13% Long-term Cash Advisory $172 $151 $129 $129 $127 $39 $26 $2 $3 $84 $30 $100 $28 $9 $81 $14 $35 $24 $23 $125 $32 $1 $116 $133 $99 $98 $52 $53 $62 $60 $(19)
Slide 4: Profitability
Profitability ($ in millions, except per share data) Operating Income and Margin, as adjusted Net Income and EPS, as adjusted 47.0% 46.6% $1,940 $10.18 $2,200 43.1% 46.0% 43.5% 43.7% 44.4% 44.9% $1,820 $10.03 $2,100 41.7% 44.2% $9.22 $2,000 $1,931 $1,700 $7.77 $1,848 $1,900 $8.34 $1,573 $1,757 $1,58
Slide 5: Capital management
Capital management (amounts in millions, except per share data) Share repurchases and weighted-average diluted shares 156.4 156.4 156.9 156.4 154.7 153.7 154.5 154.3 154.4 $1,113 (1) $400 $300 $300 $100 $0 $0 $0 $0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2019 2019 2019 2020 2020 2020 2020 2021 2021 Share repurch
Slide 6: Major market indices and exchange rates
Major market indices and exchange rates % Change % Change Spot 6/30/21 vs. Average Q2 2021 vs. 6/30/2020 3/31/2021 6/30/2021 3/31/2021 6/30/2020 Q2 2020 Q1 2021 Q2 2021 Q1 2021 Q2 2020 Equity Indices Domestic S&P 500 3,100 3,973 4,298 8% 39% 2,930 3,864 4,181 8% 43% Global MSCI Barra World Index 2,2
Slide 7: Quarterly revenue
Quarterly revenue ($ in millions) Percentage Change Year-over-Year Sequential 74% Base fees Base fees 31% 4% Securities lending revenue Securities lending revenue (33)% 10% Performance fees Performance fees 204% 164% Technology services revenue Technology services revenue 14% 3% 1% 8% Distribution f
Slide 8: Quarterly investment advisory, administration fees and securities lending revenue
Quarterly investment advisory, administration fees and securities lending revenue ($ in millions) Q2 2021 compared to Q2 2020 Q2 2021 compared to Q1 2021 $791 $165 $33 $20 $(13) $(120) $4 $3 $(1) $(52) $74 $20 $16 $65 $22 $3,757 $81 $3,757 $88 $92 $3,592 $260 $364 $2,966 Q2 2020 ETFs Active Alts Act
Slide 9: Quarterly expense, as adjusted
Quarterly expense, as adjusted ($ in millions) Employee comp. & benefits Percentage Change Year-over-Year Sequential 18% Employee comp. & benefits 34% 10% Distribution & servicing costs Distribution & servicing costs 22% 4% 11% Direct fund expense Direct fund expense 30% -% 54% General & administrat
Slide 10: Reconciliation between GAAP and as adjusted
Reconciliation between GAAP and as adjusted ($ in millions) 2019 2020 2021 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Operating Income GAAP $ 1,278 $ 1,502 $ 1,538 $ 684 $ 1,406 $ 1,757 $ 1,848 $ 1,545 $ 1,931 Non-GAAP expense adjustments - - - 589 - - - - - As Adjusted $ 1,278 $ 1,502 $ 1,538 $ 1,273 $ 1,406 $ 1,7
Slide 11: Important Notes
Important Notes This presentation, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock’s future financial or business performance, strategies or expectations. Forward-lookin