A longstanding problem of deep learning models is their vulnerability to adversarial examples, which are often generated by applying imperceptible perturbations to natural examples. Adversarial examples exhibit cross-model transferability, enabling to attack black-box models with limited information about their architectures and parameters. Model ensembling is an effective strategy to improve the transferability by attacking multiple surrogate models simultaneously. However, as prior studies usually adopt few models in the ensemble, there remains an open question of whether scaling the number of models can further improve black-box attacks. Inspired by the findings in large foundation models, we investigate the scaling laws of black-box adversarial attacks in this work. By analyzing the relationship between the number of surrogate models and transferability of adversarial examples, we conclude with clear scaling laws, emphasizing the potential of using more surrogate models to enhance adversarial transferability. Extensive experiments verify the claims on standard image classifiers, multimodal large language models, and even proprietary models like GPT-4o, demonstrating consistent scaling effects and impressive attack success rates with more surrogate models. Further studies by visualization indicate that scaled attacks bring better interpretability in semantics, indicating that the common features of models are captured.