BlackRock, Inc.
BLKQ4 2024(BLK Q3 FY2024)Estimated1.2% AI
AI Revenue %
1.2%
AI Fair Value
$758.8M
AI Revenue (Q)
$158.7M
Total Revenue (Q)
$13.2B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Technology services and subscription revenue of $403M on total revenue of $5,197M (7.8% of revenue). Same methodology: ~15% of technology services estimated as AI/ML-attributable. $403M × 15% = ~$60M. AI % of total revenue: $60M / $5,197M = 1.2%.
Analyzed by claude-opus-4-6
Quoted Figures
Technology services and subscription revenue: $403 [million] (Q3 2024)
10-Q for period ending September 30, 2025, Condensed Consolidated Statements of Income, comparative column
Total revenue: $5,197 [million] (Q3 2024)
10-Q for period ending September 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