Blackstone Inc.BXEarnings & Financial Report
Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman Brothers. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe.
Revenue
$2.8B
Gross Profit
N/A
Operating Profit
$1.2B
Net Profit
$444.4M
Gross Margin
N/A
Operating Margin
43.2%
Net Margin
15.9%
YoY Growth
-0.7%
EPS
$0.58
Blackstone Inc. Q2 FY2024 Financial Summary
Blackstone Inc. reported revenue of $2.8B (down 0.7% YoY) for Q2 FY2024, with a net profit of $444.4M (down 26.1% YoY) (15.9% margin).
Key Financial Metrics
| Total Revenue | $2.8B |
|---|---|
| Net Profit | $444.4M |
| Gross Margin | N/A |
| Operating Margin | 43.2% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Blackstone Inc. Q2 FY2024 revenue of $2.8B breaks down across 8 segments, led by Investment Advice at $1.8B (63.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Investment Advice | $1.8B | 63.9% |
| Other | $567.9M | 20.3% |
| Investment Performance | $188.3M | 6.7% |
| Credit And Insurance | $167.8M | 6.0% |
| Real Estate Segment | $53.5M | 1.9% |
| Multi Assets Investing | $16.4M | 0.6% |
| Private Equity Segment | $8.7M | 0.3% |
| Consolidated Blackstone Funds | $6.6M | 0.2% |
Blackstone Inc. Revenue by Segment — Quarterly Trend
Blackstone Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Investment Advice and Other) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Investment Advice | — | $2.1B | $2.1B | $2.0B |
| Other | $368.1M | $1.3B | $315.2M | $859.9M |
| Investment Performance | — | $390.3M | $200.7M | $195.4M |
| Credit And Insurance | — | $200.7M | $201.7M | $190.1M |
| Real Estate Segment | — | $237.6M | $124.6M | $89.6M |
Blackstone Inc. Annual Revenue by Year
Blackstone Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $14.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $14.5B |
| 2024 | $13.2B |
| 2023 | $8.0B |
Blackstone Inc. Quarterly Revenue & Net Profit History
Blackstone Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $3.3B | -9.1% | $1.2B | 36.7% |
| Q4 FY2025 | $4.4B | +41.4% | $1.0B | 23.3% |
| Q3 FY2025 | $3.1B | -15.7% | $624.9M | 20.2% |
| Q2 FY2025 | $3.7B | +32.7% | $764.2M | 20.6% |
| Q1 FY2025 | $3.3B | -10.8% | $614.9M | 18.7% |
| Q4 FY2024 | $3.1B | +139.9% | $703.9M | 22.8% |
| Q3 FY2024 | $3.7B | +44.1% | $780.8M | 21.3% |
| Q2 FY2024 | $2.8B | -0.7% | $444.4M | 15.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.80B | $3.66B | $3.08B | $3.29B | $3.71B | $3.09B | $4.36B | $3.29B |
| YoY Growth | -0.7% | 44.1% | 139.9% | -10.8% | 32.7% | -15.7% | 41.4% | -9.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $40.59B | $42.58B | $43.47B | $45.26B | $45.37B | $46.55B | $47.71B | $45.26B |
| Liabilities | $21.91B | $23.11B | $23.97B | $25.39B | $24.29B | $25.19B | $25.83B | $25.39B |
| Equity | $6.83B | $7.01B | $8.21B | $7.98B | $8.35B | $8.39B | $8.67B | $18.48B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.16B | $1.22B | $161.4M | $1.11B | $888.5M | $1.60B | $1.07B |