BlackRock, Inc.
BLKQ2 2025(BLK Q1 FY2025)Estimated1.2% AI
AI Revenue %
1.2%
AI Fair Value
$797.7M
AI Revenue (Q)
$56.7M
Total Revenue (Q)
$4.7B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Technology services and subscription revenue of $436M on total revenue of $5,276M (8.3% of revenue). Growth of 15.6% YoY in tech services reflects Preqin acquisition (closed Q1 2025) and organic Aladdin growth. Preqin is a private markets data provider — primarily data/analytics, not AI. Conservative 15% AI/ML attribution on technology services: $436M × 15% = ~$65M. AI % of total revenue: $65M / $5,276M = 1.2%.
Analyzed by claude-opus-4-6
Quoted Figures
Technology services and subscription revenue: $436 [million] (Q1 2025)
10-Q for period ending March 31, 2025, Condensed Consolidated Statements of Income
Total revenue: $5,276 [million] (Q1 2025)
10-Q for period ending March 31, 2025, Condensed Consolidated Statements of Income
AI Products Identified (Ring 1)
Aladdin (ML-enhanced risk analytics and factor models)Aladdin Wealth (AI-assisted wealth management analytics)eFront (ML-driven private markets analytics)Preqin (data analytics with ML components)Systematic/quant investing strategies using ML
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Aladdin portfolio management and reporting (non-AI core)Preqin private markets data (non-AI core)Cachematrix cash management platformiShares ETF platform operationsTraditional investment advisory fees
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix