BlackRock, Inc.
BLKQ3 2025(BLK Q2 FY2025)Estimated1.4% AI
AI Revenue %
1.4%
AI Fair Value
$950.0M
AI Revenue (Q)
$133.5M
Total Revenue (Q)
$9.5B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Technology services and subscription revenue of $499M on total revenue of $5,423M (9.2% of revenue). Strong 26.3% YoY growth in tech services driven by full-quarter Preqin contribution, Aladdin organic growth, and increasing AI feature adoption. The filing mentions BlackRock's commitment to 'innovation, technology services and the continued development of, and increased interest in, BlackRock technology products and solutions, including Aladdin, Aladdin Wealth, eFront, and Cachematrix.' The accelerating tech services growth suggests increasing AI/ML feature integration. Estimating ~15% AI/ML attribution: $499M × 15% = ~$75M. AI % of total revenue: $75M / $5,423M = 1.4%.
Analyzed by claude-opus-4-6
Quoted Figures
Technology services and subscription revenue: $499 [million] (Q2 2025)
10-Q for period ending June 30, 2025, Condensed Consolidated Statements of Income
Total revenue: $5,423 [million] (Q2 2025)
10-Q for period ending June 30, 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