Slide 1: Q2 2022 Earnings
July 15, 2022 Q2 2022 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 $8.49 trillion at June 30, 2022 Q2 2022 Base Fees and Securities Lending Revenue of $3.688 billion Client Type Style Product Type Region Active Institutional 26% 30% Active Equity Equity 47% Institutio
Slide 3: Net flows
Net flows ($ in billions) Total BlackRock Retail Long-term 5% 6% 5% 8% 7% 6% 6% 5% 5% 4% 6% 10% 18% 16% 16% 12% 8% 4% 5% 7% 7% 14% 13% 13% 11% 8% 5% Long-term Cash Advisory $212 $35 $37 $172 $44 $39 $21 $23 $22 $129 $127 $20 $2 $9 $87 $16 $14 $100 $3 $28 $75 $90 $10 $81 $169 $24 $23 $21 $116 $133 $1
Slide 4: Profitability
Profitability ($ in millions, except per share data) Operating Income and Margin, as adjusted Net Income and EPS, as adjusted $11.34 $2,040 $10.68 $10.45 $2,700 $1,920 50.0% $10.32 47.6% $9.52 $2,600 48.0% 47.3% $2,500 45.8% 46.9% 46.6% $1,800 $9.41 $2,400 44.4% 44.2% $1,750 43.7% 45.0% $8.04 $2,300
Slide 5: Capital management
Capital management (amounts in millions, except per share data) Share repurchases and Dividends per share weighted-average diluted shares $4.88 $4.88 154.7 153.7 154.5 154.3 154.4 154.3 154.6 $4.13 $4.13 $4.13 $4.13 153.5 152.5 $3.63 $3.63 $3.63 (1) $1,113 $500 $500 $300 $300 $300 $300 $0 $0 Q2 Q3 Q
Slide 6: Major market indices and exchange rates
Major market indices and exchange rates % Change % Change Spot 6/30/22 vs. Average Q2 2022 vs. 6/30/2021 3/31/2022 6/30/2022 3/31/2022 6/30/2021 Q2 2021 Q1 2022 Q2 2022 Q1 2022 Q2 2021 Equity Indices Domestic S&P 500 4,298 4,530 3,785 (16)% (12)% 4,181 4,465 4,104 (8)% (2)% Global MSCI Barra World I
Slide 7: Quarterly revenue
Quarterly revenue ($ in millions) Percentage Change Year-over-Year Sequential 78% Base fees Base fees (2)% (5)% Securities lending revenue Securities lending revenue 14% 16% Performance fees Performance fees (69)% 8% Technology services revenue Technology services revenue 5% (3)% 1% 8% Distribution
Slide 8: Quarterly investment advisory, administration fees and securities lending revenue
Quarterly investment advisory, administration fees and securities lending revenue ($ in millions) Q2 2022 compared to Q2 2021 Q2 2022 compared to Q1 2022 $(69) $(145) $35 $(12) $(13) $(14) $141 $(20) $(42) $62 $5 $(1) $(15) $(16) $(53) $3,833 $(28) $(31) $(55) $3,757 $(91) $(66) $3,688 $3,688 Q2 202
Slide 9: Quarterly expense, as adjusted
Quarterly expense, as adjusted ($ in millions) Employee comp. & benefits Percentage Change Year-over-Year Sequential 20% Employee comp. & benefits (6)% (6)% Distribution & servicing costs 9% -% 11% Distribution & servicing costs Direct fund expense (5)% (8)% 50% Direct fund expense General & adminis
Slide 10: Alternatives Client Assets
Alternatives Client Assets ($ in billions, as of June 30, 2022) Non-Fee Client Fee Paying Paying Assets AUM Commitments Illiquid alternatives: Alternative solutions $10 $6 $4 Private equity 35 27 8 Opportunistic & credit strategies 33 22 11 Real assets: Real estate 30 29 1 Infrastructure 40 28 12 Re
Slide 11: Reconciliation between GAAP and as adjusted
Reconciliation between GAAP and as adjusted ($ in millions) 2020 2021 2022 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Operating Income GAAP $ 1,406 $ 1,757 $ 1,848 $ 1,545 $ 1,931 $ 1,935 $ 2,039 $ 1,764 $ 1,668 Non-GAAP expense adjustments 22 36 29 54 85 90 68 58 59 As Adjusted $ 1,428 $ 1,793 $ 1,877 $ 1,599 $ 2,
Slide 12: 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