2025 U.S.-Booked Air Volume: $40M
Primary Global Online Booking Tool: SAP Concur
Primary Expense Supplier: SAP Concur
Consolidated U.S. TMC: Amex GBT
Investment management firm BlackRock debuts on the CT100 with BTN-estimated 2025 U.S.-booked air spending of $40 million.
BlackRock grew in 2025 with the acquisitions of private-markets data provider Preqin and investment firm HPS, following the late 2024 acquisition of Global Infrastructure Partners. The company ended 2025 with 24,900 employees, up from 21,100 one year prior, in more than 30 countries.
Blackrock's business travel in 2025 generated about 42,800 metric tons of carbon dioxide equivalent emissions, down from 47,800 in 2024. The figure includes emissions generated by air and rail travel, rental cars, car services, chartered vehicles and reimbursed personal-vehicle use. The company has committed to engage suppliers representing 67 percent of designated Scope 3 emissions, including business travel, on suppliers' own science-aligned goals by 2030.
The investment firm in 2025 purchased 215,000 gallons of neat sustainable aviation fuel certificates and participates in the Sustainable Aviation Buyers Alliance, an organization that drives corporate investment and adoption of SAF. BlackRock supports the development of SAF as a near-term lever and leading decarbonization solution for aviation emissions.
BlackRock's 2025 revenue grew 19 percent year over year to $24.2 billion. The company was a shareholder of American Express Global Business Travel before the travel management company's May 2026 acquisition by Long Lake Management.