BlackRock Reports Full Year 2022 Diluted EPS of $33.97, or $35.36 as adjusted

New York, January 13, 2023 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months and year ended December 31, 2022.

• $146 billion of quarterly long-term net inflows, including $61 billion
  of active net inflows, with total net inflows of $114 billion reflecting
  net outflows from cash management
• $393 billion of full year long-term net inflows, reflects 4% organic
  asset growth and positive organic base fee growth, led by record flows
  into bond ETFs, significant outsourcing mandates and growth in
  private markets
• 8% decrease in full year revenue primarily driven by the impact of
  significantly lower markets and dollar appreciation on average AUM
  and lower performance fees
• Record full year net new sales of Aladdin and continued growth in
  technology services revenue despite the negative impact of foreign
  exchange movements
• Restructuring charge of $91 million from initiative to modify the size
  and shape of the workforce to align more closely with strategic
  priorities, excluded from as adjusted results
• 14% decrease in full year operating income (13% as adjusted)
• 11% decrease in full year diluted EPS (13% as adjusted) also
  reflects a lower effective tax rate and lower nonoperating income in
  the current year
• $4.9 billion returned to shareholders in 2022, including $1.9 billion
  of share repurchases

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