Blackstone Inc. (BX) Financial Statements
Industry: Investment Advice
In fiscal 2025, Blackstone reported revenue of $14.45B, up 9.2% from $13.23B the year before. Net income was $3.02B (a 20.9% net margin), or $3.87 per diluted share. Gross margin was 46.7% and operating margin was 36.1%. Operating activities generated $4.66B of cash, leaving $4.55B of free cash flow. At fiscal year end, Blackstone held $47.71B in total assets against $25.83B in total liabilities, including $2.63B of cash and equivalents.
Open the full interactive Blackstone financials → Quarterly statements, key ratios, valuation history and price charts.
Blackstone Key Stats
| Share Price | $109.98 |
|---|---|
| Market Cap | $87.97B |
| P/E Ratio | 28.4 |
| Revenue YoY Growth | +9.2% |
| 52-Week Range | $100.16 – $158.52 |
| Shares Outstanding | 799.9 million (basic, 2026 Q2) |
Blackstone Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $6.10B | $22.58B | $8.52B | $8.02B | $13.23B | $14.45B |
| Cost of Goods Sold | $3.48B | $9.48B | $4.97B | $4.98B | $6.82B | $7.70B |
| Gross Profit | $2.62B | $13.10B | $3.54B | $3.04B | $6.41B | $6.75B |
| Operating Income | $1.91B | $12.18B | $2.45B | $1.92B | $5.05B | $5.22B |
| Pre-Tax Income | $2.62B | $13.56B | $3.46B | $2.96B | $6.46B | $7.17B |
| Income Tax | $356.0M | $1.18B | $472.9M | $513.5M | $1.02B | $1.13B |
| Net Income | $1.05B | $5.86B | $1.75B | $1.39B | $2.78B | $3.02B |
| Diluted EPS | $1.50 | $8.13 | $2.36 | $1.84 | $3.62 | $3.87 |
Blackstone Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $3.09B | $4.36B | $3.62B | $5.04B |
| Net Income | $624.9M | $1.02B | $649.7M | $1.23B |
| Diluted EPS | $0.80 | $1.30 | $0.83 | $1.54 |
Blackstone Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.00B | $2.12B | $4.25B | $2.96B | $1.97B | $2.63B |
| Total Assets | $26.27B | $41.20B | $42.52B | $40.29B | $43.47B | $47.71B |
| Total Long-Term Debt | $5.73B | $7.86B | $12.49B | $11.61B | $11.46B | $12.58B |
| Total Liabilities | $11.68B | $19.49B | $22.84B | $22.21B | $23.97B | $25.83B |
| Shareholders' Equity | $6.65B | $9.42B | $7.66B | $6.82B | $8.21B | $8.67B |
Blackstone Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.94B | $3.99B | $6.34B | $4.06B | $3.48B | $4.66B |
| Cash From Investing | -$166.8M | -$64.3M | -$235.5M | -$229.7M | -$61.4M | -$115.7M |
| Cash From Financing | -$2.24B | -$3.78B | -$3.79B | -$5.05B | -$4.50B | -$3.88B |
| Free Cash Flow | $1.82B | $3.92B | $6.10B | $3.83B | $3.42B | $4.55B |
Figures from Blackstone's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Blackstone financials page for every line item.
Blackstone Company Profile
| Ticker | BX |
|---|---|
| Exchange | NYSE |
| Industry | Investment Advice |
| Headquarters | New York, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001393818 |
Frequently Asked Questions
What was Blackstone's revenue in fiscal 2025?
Blackstone (BX) reported revenue of $14.45B for fiscal 2025.
What is Blackstone's annual revenue history?
Blackstone's annual revenue by fiscal year: 2020: $6.10B; 2021: $22.58B; 2022: $8.52B; 2023: $8.02B; 2024: $13.23B; 2025: $14.45B.
What was Blackstone's net income in fiscal 2025?
Blackstone reported net income of $3.02B for fiscal 2025.
What was Blackstone's earnings per share (EPS) in fiscal 2025?
Blackstone's diluted EPS was $3.87 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Blackstone generate in fiscal 2025?
Blackstone generated $4.55B of free cash flow in fiscal 2025.
What was Blackstone's revenue last quarter?
In its most recent reported quarter (2026 Q2), Blackstone reported revenue of $5.04B.
How much debt does Blackstone have?
Blackstone reported $12.58B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Blackstone are outstanding?
Blackstone reported a weighted average of 799.9 million basic shares outstanding in 2026 Q2.
What is Blackstone's market cap?
Based on its latest closing price, Blackstone (BX) has a market capitalization of about $87.97B.
When does Blackstone's fiscal year end?
Blackstone's fiscal year end, as registered with the SEC, is December 31.
Where is Blackstone headquartered?
Blackstone lists its business address in New York, New York in its SEC filings.