Slide 1: Q3 2020 Earnings Release Supplement
October 13, 2020 Q3 2020 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 $7.81 trillion at September 30, 2020 Q3 2020 Total Base Fees of $3.225 billion Client Type Style Product Type Region Active Institutional 27% 33% Active Equity Equity 47% Institutional 48% 47% Americas
Slide 3: Net flows
Net flows ($ in billions) Total BlackRock Retail Long-term 3% 2% 2% 4% 5% 7% 6% 5% 6% 6% 3% 0% 0% 0% 3% 2% 4% 6% 3% 2% 1% 2% 3% 5% 4% 5% 7% Long-term Cash Advisory $151 $20 $129 $129 $26 $16 $3 $30 $100 $28 $50 $65 $84 $14 $24 $7 $8 $6 $125 $32 $35 $6 $99 $98 $2 $2 $11 $44 $59 $52 $53 $62 ($15) ($19
Slide 4: Profitability
Profitability ($ in millions, except per share data) Operating Income and Margin, as adjusted Net Income and EPS, as adjusted $9.22 $1,700 46.0% 47.0% $2,000 44.2% 43.5% 43.5% $8.34 41.9% 43.1% 41.7% 43.7% $1,580 44.2% $7.85 $1,900 $1,757 $7.52 $1,800 $7.15 $1,460 $6.60 $1,418 $1,700 34.2% $6.61 $6.
Slide 5: Capital management
Capital management (amounts in millions, except per share data) Share repurchases and weighted average diluted shares Dividends per share $3.63 $3.63 $3.63 161.4 160.5 159.3 156.4 156.4 156.9 156.4 154.7 $3.30 $3.30 $3.30 $3.30 153.7 $3.13 $3.13 $1,566 (1) (2) $1,113 $500 $525 $400 $100 $0 $0 $0 Q3
Slide 6: Major market indices and exchange rates
Major market indices and exchange rates % Change % Change Spot 9/30/20 vs. Average Q3 2020 vs. 9/30/2019 6/30/2020 9/30/2020 6/30/2020 9/30/2019 Q3 2019 Q2 2020 Q3 2020 Q2 2020 Q3 2019 Equity Indices Domestic S&P 500 2,977 3,100 3,363 8% 13% 2,958 2,930 3,319 13% 12% Global MSCI Barra World Index 2,
Slide 7: Quarterly revenue
Quarterly revenue ($ in millions) 70% Percentage Change Year-over-Year Sequential Base fees ex. securities lending Base fees ex. securities lending 9% 11% Securities lending Securities lending 2% (27)% Performance fees Performance fees 340% 375% Technology services revenue Technology services revenu
Slide 8: Quarterly investment advisory, administration fees and securities lending revenue
Quarterly investment advisory, administration fees and securities lending revenue ($ in millions) Q3 2020 compared to Q3 2019 Q3 2020 compared to Q2 2020 $245 $259 $19 $(7) $(14) $8 $2 $1 $(4) $3,225 $34 $(16) $3,225 $15 $36 $45 $46 $43 $66 $76 $66 $88 $2,980 $2,966 Q3 2019 Alts Active iShares Cash
Slide 9: Quarterly expense, as adjusted
Quarterly expense, as adjusted ($ in millions) Employee comp. & benefits Percentage Change Year-over-Year Sequential 17% Employee comp. & benefits 27% 22% Distribution & servicing costs Distribution & servicing costs 7% 6% 10% Direct fund expense 8% 4% Direct fund expense 54% General & administratio
Slide 10: Reconciliation between GAAP and as adjusted
Reconciliation between GAAP and as adjusted ($ in millions) 2018 2019 2020 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Operating Income GAAP $ 1,396 $ 1,246 $ 1,233 $ 1,278 $ 1,502 $ 1,538 $ 684 $ 1,406 $ 1,757 Non-GAAP expense adjustments 4 64 - - - - 589 - - As Adjusted $ 1,400 $ 1,310 $ 1,233 $ 1,278 $ 1,502 $ 1,
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