BLK · Earnings call · 2026Q3T · Full report

Aladdin Technology Adoption

BlackRock, Inc. · 2026-10-14 · Importance 44 · Surprise 58

Demand for BlackRock’s technology platform continued to expand as clients sought public- and private-market workflow, data, transparency, risk management, and portfolio analytics. Aladdin’s annual contract value grew 12% year over year, driven by new client onboardings and existing clients expanding across the technology stack. BlackRock is integrating Aladdin, eFront, and Preqin to support private-market portfolios and the emerging compute-financing market. Management believes trusted data, standardized performance metrics, and common risk frameworks will be necessary to create tradable markets for compute capacity and GPUs.

Key facts

• BlackRock remains committed to low- to mid-teens ACV growth over the long term.
• Quarterly technology services and subscription revenue was up 14% year over year and annual contract value (ACV) increased 12% year over year.
• On a constant-currency basis, BlackRock estimates ACV would have increased 13% year over year.
• Aladdin annual contract value (ACV) grew 12% in the third quarter.
• BlackRock said it has thousands of investment professionals participating in the Aladdin community using analytics and risk framework.