BlackRock Reports First Quarter 2022 Diluted EPS of $9.35, or $9.52 as adjusted

New York, April 13, 2022 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months ended March 31, 2022.

• $114 billion of quarterly long-term net inflows reflect strength of broad-based platform with positive flows across all product types, investment styles and regions
• $86 billion of quarterly total net inflows also reflect seasonal outflows from cash management
• 7% increase in revenue year-over-year driven by strong organic growth and 11% growth in technology services revenue, partially offset by lower performance fees
• 14% increase in operating income year-over-year includes the impact of $178 million of fund launch costs in the first quarter of 2021
• 20% increase in diluted EPS (18% as adjusted) year-overyear also reflects a lower effective tax rate and a lower diluted share count, partially offset by lower nonoperating income, in the current quarter
• $500 million of share repurchases in the quarter and 18% increase in quarterly cash dividend to $4.88 per share

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