Slide 1: Q2 2019 Earnings Release Supplement
July 19, 2019 Q2 2019 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 $6.84 trillion at June 30, 2019 Q2 2019 Total Base Fees of $2.903 billion Client Type Style Product Type Region Active Institutional 27% 32% Active Equity Institutional 47% Equity 49% 61% 51% Americas
Slide 3: Long-term net flows
Long-term net flows ($ in billions) Total long-term Retail 7% 7% 7% 6% 4% 3% 2% 2% 4% 1% 3% 6% 7% 7% 6% 3% 0% 0% 5% 5% 7% 7% 4% 3% 2% 1% 2% $125 $94 $17 $76 $81 $59 $11 $55 $44 $7 $7 $5 $2 $2 $14 $11 $(1) $(3) Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2017 2017 2017 2018 2018 2018 2018 2
Slide 4: Profitability
Profitability ($ in millions, except per share data) Operating Income and Margin, as adjusted Net Income and EPS, as adjusted $7.52 $1,340 43.9% 45.1% 44.7% 44.1% 45.2% 44.2% 43.5% 43.1% $6.66 $1,600 $6.70 $6.61 41.9% 44.2% $6.41 $1,488 $6.19 $1,214 $6.08 $1,500 $1,220 $1,443 $5.90 $1,393 $1,378 $1,
Slide 5: Capital management
Capital management (amounts in millions, except per share data) Share repurchases and weighted average diluted shares Dividends per share 164.1 163.8 163.8 162.9 162.2 161.4 160.5 159.3 $3.30 $3.30 156.4 $3.13 $3.13 $1,566 (1) $2.88 $2.88 $2.50 $2.50 $2.50 $500 $525 $335 $300 $275 $275 $275 $0 Q2 Q3
Slide 6: Major market indices and exchange rates
Major market indices and exchange rates % Change % Change Spot 6/30/19 vs. Average Q2 2019 vs. 6/30/2018 3/31/2019 6/30/2019 3/31/2019 6/30/2018 Q2 2018 Q1 2019 Q2 2019 Q1 2019 Q2 2018 Equity Indices Domestic S&P 500 2,718 2,834 2,942 4% 8% 2,703 2,718 2,882 6% 7% Global MSCI Barra World Index 2,089
Slide 7: Quarterly revenue
Quarterly revenue ($ in millions) Percentage Change Year-over-Year Sequential 77% Base fees ex. securities lending Base fees ex. securities lending -% 4% Securities lending Securities lending (18)% 1% Performance fees Performance fees (30)% 146% 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) Q2 2019 compared to Q2 2018 Q2 2019 compared to Q1 2019 $(41) $98 $16 $(3) $(7) $(10) $27 $(24) $42 $(41) $2,944 $(41) $2,903 $6 $1 $(1) $2,903 $12 $10 $14 $16 $17 $23 $2,805 Q2 2018 Alts iShares Active
Slide 9: Quarterly expense, as adjusted
Quarterly expense, as adjusted ($ in millions) Employee comp. & benefits Percentage Change Year-over-Year Sequential 19% Employee comp. & benefits -% 2% Distribution & servicing costs 11% Distribution & servicing costs -% 3% Direct fund expense Direct fund expense (5)% 4% 48% General & administratio
Slide 10: Reconciliation between GAAP and as adjusted
Reconciliation between GAAP and as adjusted ($ in millions) 2017 2018 2019 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Operating Income GAAP $ 1,237 $ 1,389 $ 1,485 $ 1,375 $ 1,440 $ 1,396 $ 1,246 $ 1,233 $ 1,278 Non-GAAP adjustments 4 4 3 3 3 4 64 - - As Adjusted $ 1,241 $ 1,393 $ 1,488 $ 1,378 $ 1,443 $ 1,400 $ 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