Blackstone revenue and financials
$112.59Change from previous close: +0.84%Absolute change: +$0.94
In the fiscal year ended December 2025, Blackstone reported revenue of $14.45B (+9.22% year over year). Net income was $3.02B, a net margin of 20.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +9.22%
- 2025 vs 2024
- Net income growth
- +8.74%
- 2025 vs 2024
- Net margin
- 20.9%
- 2024: 21.0%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 4,663 | 3,482 | 4,057 | 6,336 | 3,986 | 1,936 | 1,963 | 45.7 | -1,626 | -88.6 |
| Depreciation and amortization | 98.0 | 98.8 | 94.1 | 69.2 | 52.2 | 35.1 | 26.3 | 23.9 | 25.2 | 32.0 |
| Capital expenditure | -116 | -61.4 | -224 | -235 | -64.3 | -112 | -60.3 | -18.4 | -24.3 | -21.8 |
| Investing cash flow | -116 | -61.4 | -230 | -235 | -64.3 | — | — | — | — | — |
| Financing cash flow | -3,879 | -4,502 | -5,054 | -3,794 | -3,777 | — | — | — | — | — |
| Dividends paid | -6,013 | -4,424 | -4,268 | -6,519 | -4,603 | -2,386 | -2,397 | -3,046 | -2,843 | — |
| Share repurchases | -312 | -661 | -418 | -466 | -1,273 | — | — | — | — | — |
| Debt issued | 2,814 | 741 | 495 | 3,522 | — | — | — | — | — | — |
| Debt repaid | -1,813 | -103 | -502 | -281 | — | — | — | — | — | — |
| Effect of exchange rates | 9.8 | -14.6 | 5.0 | -12.3 | -9.8 | — | — | — | — | — |
| Net change in cash | 678 | -1,096 | -1,222 | 2,294 | 135 | — | — | — | — | — |
| Free cash flow | 4,547 | 3,420 | 3,833 | 6,101 | 3,922 | — | — | — | — | — |