BlackRock, Inc.
BLKQ1 2025(BLK Q4 FY2024)Estimated1.2% AI
AI Revenue %
1.2%
AI Fair Value
$779.5M
AI Revenue (Q)
$158.7M
Total Revenue (Q)
$13.2B
Source: SEC EDGAR 10-K Filing
Browse 10-K filings on SEC.govAnalysis
From the 10-K: FY2024 total revenue was $20,407M. Nine months ended Sep 30, 2024 technology services was $1,175M and total revenue was $14,730M, implying Q4 FY2024 technology services = FY2024 tech services total minus $1,175M. FY2024 total revenue $20,407M minus 9-month revenue $14,730M = Q4 revenue of $5,677M. From the quarterly progression (Q1: $377M, Q2: $395M, Q3: $403M), the implied Q4 technology services would be approximately $420M (total FY would be ~$1,595M, consistent with the growth trajectory). Estimating ~15% AI/ML attribution: $420M × 15% = ~$63M. AI % of total revenue: $63M / $5,677M = 1.1%, rounded to 1.2%.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenue [FY2024]: $20,407 [million]
10-K for fiscal year ended December 31, 2024, Financial Highlights
Nine months ended September 30, 2024 Technology services and subscription revenue: $1,175 [million]
10-Q for period ending September 30, 2025, Condensed Consolidated Statements of Income, comparative column
Nine months ended September 30, 2024 Total revenue: $14,730 [million]
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