BlackRock, Inc.
BLKQ3 2024(BLK Q2 FY2024)Estimated1.2% AI
AI Revenue %
1.2%
AI Fair Value
$734.2M
AI Revenue (Q)
$57.7M
Total Revenue (Q)
$4.8B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Technology services and subscription revenue of $395M on total revenue of $4,805M (8.2% of revenue). Same methodology: Aladdin and related platforms are primarily traditional risk management tools with embedded ML features. No AI-specific revenue disclosed. Estimating ~15% of technology services as AI/ML-attributable: $395M × 15% = ~$59M. AI % of total revenue: $59M / $4,805M = 1.2%.
Analyzed by claude-opus-4-6
Quoted Figures
Technology services and subscription revenue: $395 [million] (Q2 2024)
10-Q for period ending June 30, 2025, Condensed Consolidated Statements of Income, comparative column
Total revenue: $4,805 [million] (Q2 2024)
10-Q for period ending June 30, 2025, Condensed Consolidated Statements of Income, comparative column
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)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)Cachematrix cash management platformiShares ETF platform operationsTraditional investment advisory fees
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix