Get started

Financials · BX

Blackstone Inc. (BX) financials

For the twelve months ended Sep 30, 2026, Blackstone Inc. reported $16.08B of revenue and $3.56B of net income.

Revenue, TTM
$16.08B
Revenue growth, YoY
+22.1%
Net income, TTM
$3.56B
Net income growth, YoY
+31.3%
Net margin
22.1%
Free cash flow, TTM
$5.83B
EPS, diluted, TTM
$4.49
EPS growth, YoY
+28.7%
Cash
$3.04B
Total debt
$13.52B
P/E
25.22
P/S
5.58
Market cap
$89.70B
Annual revenue$14.45B
FY2016FY2025
Annual net income$3.02B
FY2016FY2025
Annual free cash flow$4.55B
FY2016FY2025

BX revenue and earnings growth

BX revenueQ3 2026$3.06B

Quarter YoY
-0.8%
QoQ
-39.3%
FY YoY
+9.2%
5Y CAGR
+18.8%
10Y CAGR
+12.0%

BX revenue was $3.06B in fiscal Q3 2026 (ended Sep 30, 2026), down 0.8% from a year earlier and down 39.3% from the prior quarter. For the full fiscal 2025 it was $14.45B, up 9.2% from fiscal 2024. Compound annual growth was +18.8% over 5 years and +12.0% over 10 years. It rose in 6 of the last 10 fiscal years.

BX net incomeQ3 2026$662.37M

Quarter YoY
+6.0%
QoQ
-46.1%
FY YoY
+8.7%
5Y CAGR
+23.6%
10Y CAGR
+15.6%

BX net income was $662.37M in fiscal Q3 2026 (ended Sep 30, 2026), up 6.0% from a year earlier and down 46.1% from the prior quarter. For the full fiscal 2025 it was $3.02B, up 8.7% from fiscal 2024. Compound annual growth was +23.6% over 5 years and +15.6% over 10 years. It rose in 7 of the last 10 fiscal years.

BX EPSQ3 2026$0.83

Quarter YoY
+3.7%
QoQ
-46.1%
FY YoY
+6.9%
5Y CAGR
+20.9%

BX diluted EPS was $0.83 in fiscal Q3 2026 (ended Sep 30, 2026), up 3.7% from a year earlier and down 46.1% from the prior quarter. For the full fiscal 2025 it was $3.87, up 6.9% from fiscal 2024. Compound annual growth was +20.9% over 5 years.

BX free cash flowQ3 2026$1.92B

Quarter YoY
+21.8%
QoQ
+0.4%
FY YoY
+33.0%
5Y CAGR
+20.0%
10Y CAGR
+6.9%

BX free cash flow was $1.92B in fiscal Q3 2026 (ended Sep 30, 2026), up 21.8% from a year earlier and up 0.4% from the prior quarter. For the full fiscal 2025 it was $4.55B, up 33.0% from fiscal 2024. Compound annual growth was +20.0% over 5 years and +6.9% over 10 years. It rose in 4 of the last 7 fiscal years.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$14.45B$13.23B$8.02B$8.52B$22.58B$6.10B$7.34B$6.83B$7.15B$5.15B
Selling, general and admin$1.52B$1.36B$1.12B$1.09B$917.85M$711.78M$679.41M$594.87M$488.58M$541.62M
Interest expense$508.31M$443.69M$431.87M$317.23M$198.27M$166.16M$199.65M$163.99M$197.49M$152.65M
Pre-tax income$7.17B$6.46B$2.96B$3.46B$13.56B$2.62B$3.82B$3.51B$4.12B$2.38B
Income tax$1.13B$1.02B$513.46M$472.88M$1.18B$356.01M-$47.95M$249.39M$743.15M$132.36M
Net income$3.02B$2.78B$1.39B$1.75B$5.86B$1.05B$2.05B$1.54B$1.47B$1.04B
EPS, basic$3.87$3.62$1.84$2.36$8.14$1.50$3.03$2.27$2.21$1.60
EPS, diluted$3.87$3.62$1.84$2.36$8.13$1.50$3.03$2.26$2.21$1.56
Diluted shares780.2M766.6M755.4M740.9M720.1M697.3M676.2M1.21B666.2M1.20B

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$2.63B$2.18B$3.27B$4.49B$2.20B$2.06B$2.52B$2.55B$3.94B$2.86B
Goodwill$1.89B$1.89B$1.89B$1.89B$1.89B$1.90B$1.87B$1.87B$1.78B$1.72B
Total assets$47.71B$43.47B$40.29B$42.52B$41.20B$26.27B$32.59B$28.92B$34.42B$26.40B
Total debt$12.58B$11.46B$11.61B$12.49B$7.86B$5.73B$11.54B$10.40B$15.17B$8.94B
Total liabilities$25.83B$23.97B$22.21B$22.84B$19.49B$11.68B$17.48B$15.17B$20.69B$13.89B
Shareholders' equity$8.67B$8.21B$6.82B$7.66B$9.42B$6.65B$7.01B$6.38B--

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$4.66B$3.48B$4.06B$6.34B$3.99B$1.94B$1.96B$45.74M-$1.63B-$88.59M
Capital expenditures$115.70M$61.41M$224.23M$235.50M$64.32M$111.65M$60.28M$18.38M$24.35M$21.83M
Free cash flow$4.55B$3.42B$3.83B$6.10B$3.92B$1.82B$1.90B$27.36M-$1.65B-$110.42M
Investing cash flow-$115.70M-$61.41M-$229.65M-$235.50M-$64.32M-$166.82M-$60.28M-$116.60M-$193.26M-$21.83M
Financing cash flow-$3.88B-$4.50B-$5.05B-$3.79B-$3.78B-$2.24B-$1.92B-$1.33B$2.77B$570.17M
Dividends paid$6.01B$4.42B$4.27B$6.52B$4.60B$2.39B$2.40B$3.05B$2.84B-
Stock-based compensation$1.45B$1.17B$987.55M$846.35M$637.44M$438.34M$417.09M$366.93M$338.69M$323.65M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY9.2%64.9%-5.8%-62.3%270.0%-16.8%7.4%-4.4%38.8%10.8%
Net income growth, YoY8.7%99.6%-20.4%-70.2%460.3%-49.0%32.9%4.8%41.6%46.4%
EPS growth, YoY6.9%96.7%-22.0%-71.0%442.0%-50.5%---50.0%
Net margin20.9%21.0%17.3%20.5%25.9%17.1%27.9%22.6%20.6%20.2%
Free cash flow margin31.5%25.9%47.8%71.6%17.4%29.9%25.9%0.4%-23.1%-2.1%
Return on equity34.8%33.8%20.4%22.8%62.2%15.7%29.2%24.2%--
Return on assets6.3%6.4%3.5%4.1%14.2%4.0%6.3%5.3%4.3%3.9%
Debt to equity1.451.401.701.630.830.861.651.63--

Source: XBRL data Blackstone Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BX$16.08B+22.1%$3.56B22.1%$89.70B
GS$69.70B+18.7%$22.17B31.8%$249.73B
BLK$28.54B+24.7%$6.91B24.2%$182.05B
KKR$21.31B+31.1%$3.15B14.8%$86.60B
BAM$5.74B+31.9%$3.06B53.4%$84.57B
APO$30.82B+12.2%-$918.00M-3.0%$68.94B
MSCI$3.43B+12.3%$1.38B40.3%$45.83B
CG$3.61B-7.6%$355.30M9.8%$14.14B

BX FAQ

8 questions
  • What is BX revenue?
    Blackstone Inc. (BX) reported $16.08B of revenue for the twelve months ended Sep 30, 2026. That is up 22.1% from the year before. Revenue for fiscal 2025 was $14.45B.
  • Is BX profitable?
    Yes. Blackstone Inc. earned $3.56B in net income for the twelve months ended Sep 30, 2026, a net margin of 22.1%.
  • How much cash and debt does BX have?
    Blackstone Inc. reported $3.04B in cash and cash equivalents and $13.52B of debt on its most recent balance sheet in SEC filings.
  • How fast is BX revenue growing?
    Blackstone Inc.'s revenue changed +9.2% in fiscal 2025, to $14.45B. Its compound annual growth rate was +18.8% over 5 years and +12.0% over 10 years.
  • What is BX free cash flow?
    Blackstone Inc. generated $5.83B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $5.96B less capital expenditures.
  • What is BX earnings per share?
    Diluted earnings per share were $4.49 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BX last report financial results?
    The latest statements here come from Blackstone Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this BX financial data come from?
    Quantisnow builds these statements from the structured XBRL data Blackstone Inc. files with the SEC. It is provided for information only and is not investment advice.