Revenues from technology services and subscriptions registered another solid quarter, with a 13% growth in revenue and a 15% year-over-year increase in annual contract value (ACV), helping to boost the firm’s total revenues to 7.1 billion dollars during the quarter.
As Larry Fink, Chairman and CEO of BlackRock, noted during the earnings presentation: “We are the technology provider helping investors, from individuals to institutions, seamlessly combine public and private markets within their portfolios. BlackRock is simultaneously a leading public markets manager, a platform specialized in private markets, and a global technology company. It is a model designed to deliver sustained growth.”
Highlighting this momentum, Martin Small, Chief Financial Officer (CFO) of BlackRock and Global Head of Corporate Strategy, stated: “Some of the fluctuations in private markets and changes in the regulatory environment have been real accelerators for Preqin, eFront, and Aladdin as a whole. Technology is the primary driver of investment returns. It is the primary driver of operational efficiency. It is the driver of an excellent client experience, and clients are investing more in technology.”
The results reflect Aladdin’s position as a global technology company, in a context where transparency, data, and analytics become increasingly important for investors building portfolios that combine public and private markets.
Demand for technology continues to be driven by two main trends. The first is that clients are consolidating their technology providers and choosing fewer integrated platforms, while, on the other hand, demand for transparency and analytical tools in private markets is growing.
Key Technology Highlights from Q2 2026 Results
Technology ACV increased by 15% year-over-year, while technology services and subscription revenues grew by 13% year-over-year; additionally, technology and private markets are expected to account for more than 30% of the firm’s revenues by 2030.
On the other hand, artificial intelligence (AI) is being integrated throughout Aladdin, and BlackRock is developing new analysis tools and AI-driven workflows to offer clients a single, comprehensive view of public and private markets.
Finally, the rising demand for transparency in private markets is accelerating the adoption of Preqin and eFront.
