Blackstone revenue and financials
$113.09Change from previous close: +1.29%Absolute change: +$1.43
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,941 | 991 | 1,068 | 1,598 | 889 | 1,109 | 161 | 1,222 | 1,159 | 940 | 896 | 1,083 |
| Depreciation and amortization | 25.8 | 26.1 | 62.1 | 24.0 | 26.6 | 22.2 | 58.6 | 24.7 | 25.3 | 26.1 | 34.2 | 30.6 |
| Capital expenditure | -32.0 | -33.4 | -22.4 | -23.9 | -40.1 | -29.3 | -11.9 | -19.4 | -12.4 | -17.8 | -31.3 | -62.7 |
| Investing cash flow | -32.0 | -33.4 | -22.4 | -23.9 | -40.1 | -29.3 | -11.9 | -19.4 | -12.4 | -17.8 | -31.3 | -62.7 |
| Financing cash flow | -1,845 | -1,094 | -1,020 | -1,287 | -1,711 | 139 | -490 | -1,279 | -1,217 | -1,516 | -712 | -1,401 |
| Dividends paid | -924 | -1,165 | -1,008 | -803 | -722 | -1,103 | -656 | -628 | -633 | -712 | -605 | -598 |
| Share repurchases | -42.2 | -66.3 | -51.1 | -126 | -35.2 | -100 | -59.8 | -216 | -248 | -136 | -43.6 | -175 |
| Debt issued | 738 | 900 | 1,587 | 202 | 0.0 | 1,025 | 741 | — | — | — | 495 | — |
| Debt repaid | -804 | -47.7 | -907 | -200 | -645 | -60.9 | -19.4 | -23.0 | -38.3 | -22.5 | -33.0 | -39.8 |
| Effect of exchange rates | -1.8 | -7.9 | -3.4 | -3.6 | 12.3 | 4.6 | -17.3 | 9.7 | -1.0 | -6.0 | 10.2 | -5.5 |
| Net change in cash | 62.9 | -144 | 22.4 | 283 | -850 | 1,224 | -358 | -67.0 | -71.4 | -600 | 162 | -386 |
| Free cash flow | 1,909 | 958 | 1,045 | 1,574 | 848 | 1,080 | 150 | 1,202 | 1,146 | 922 | 864 | 1,020 |