Company profile
BlackRock
The largest asset manager, which also sells the system it runs on
BlackRock is first an asset manager. Aladdin began as its internal risk and portfolio platform and is now sold to other institutions as a front-to-back system; eFront and Preqin extended it into private markets.
Founded
1988
Headquarters
New York
Ownership
NYSE: BLK
Revenue
$20.4B
FY 2024
AUM
~$13.5T
Q3 2025
Employees
~21,000
2024
Official websiteWhere the money is
79% of revenue comes from base fees & securities lending
Each block is sized by its share of $20.4B revenue (FY 2024).
Base fees & securities lending
$16.1B
Asset management · 79%
Fees on the assets it manages, iShares included.
Technology services
$1.6B
Software · 8%
Aladdin, eFront and related software sold to others.
Distribution & advisory
$1.5B
Asset management · 7%
Distribution, advisory and other fees.
Performance fees
$1.2B
Asset management · 6%
Fees for beating benchmarks, mostly alternatives.
What BlackRock sells
Software and data: Aladdin at the centre, private markets bought in
Rows are what they sell, columns are who buys it. Darker cells cover more capabilities, weighted toward flagship strengths. Tap an offering for detail.
Asset management
Wealth
Banking
Product by product
What each of BlackRock's products actually does
Aladdin began as BlackRock's own system. eFront and Preqin extended it into private markets, and Aladdin Wealth carries it to advisers. The bar shows where each product is strongest: front, middle or back office. Darker means stronger.
Acquisitions
$51B in disclosed deals: $5.0B for software and data, $46B for business lines
Colour shows what was bought; size shows the price in 2026 dollars (US consumer prices). Small hollow dots: price not disclosed. Dashed: deal abandoned. Tap a deal to see what it added.
Competitors and peers
Who BlackRock is up against, and where
Grouped by how they compete. A firm can be a software rival without being a business rival.
Head-to-head in software and data
State Street
Charles River and Alpha compete with Aladdin for front-to-back mandates.
Company page
SimCorp
SimCorp Dimension is a front-to-back rival to Aladdin.
SS&C
Competes in investment software and private-markets administration.
FactSet
Competes on portfolio analytics and risk.
Same business model
Partners and suppliers