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BX / Financials

Blackstone Inc.

Investment Advice

Company overview

Blackstone Inc. is an SEC-reporting issuer listed on NYSE under BX. Its SEC industry description is Investment Advice. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Banks, insurers, exchanges and asset managers earn income through different balance-sheet and fee models. Conventional industrial cash-flow ratios may not be economically comparable.

Business segments

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Selected fundamentals

Annual reporting currency: USD. Financial amounts are in millions, except per-share figures and ratios.

Latest period 2025-12-31 · prior period 2024-12-31
Metric2025-12-312024-12-31Source filed
RevenueUSD 14,450.3mUSD 13,230m2026-02-27
Operating incomeNot availableNot available2026-02-27
Net incomeUSD 3,019.2mUSD 2,776.5m2026-02-27
Diluted EPSUSD 3.87USD 3.622026-02-27
Operating cash flowUSD 4,663.2mUSD 3,481.7m2026-02-27
Capital expenditureUSD 115.7mUSD 61.4m2026-02-27
Free cash flowUSD 4,547.5mUSD 3,420.3m2026-02-27
Gross marginNot availableNot available2026-02-27
Operating marginNot availableNot available2026-02-27

FCF = operating cash flow − purchases of property, plant and equipment. Missing tags remain unavailable. Standardized cash-flow comparisons are particularly limited for financial businesses.

Inspect original metric provenance
{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 14450265000,
    "accn": "0001193125-26-082531",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-27",
    "frame": "CY2025",
    "tag": "us-gaap:Revenues",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 3019214000,
    "accn": "0001193125-26-082531",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-27",
    "frame": "CY2025",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 3.87,
    "accn": "0001193125-26-082531",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-27",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 4663161000,
    "accn": "0001193125-26-082531",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-27",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 115703000,
    "accn": "0001193125-26-082531",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-27",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 47708975000,
    "accn": "0001193125-26-082531",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-27",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-12-31",
    "val": 25827803000,
    "accn": "0001193125-26-082531",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-27",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 8665526000,
    "accn": "0001193125-26-082531",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-27",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  }
}

Annual earnings trend

Reported fiscal periods, not a live price chart.

Interactive chart loads in the browser. The full annual values are available below.

View all annual figures in a table
Period endRevenueNet incomeEPS
2025-12-31USD 14,450.3mUSD 3,019.2mUSD 3.87
2024-12-31USD 13,230mUSD 2,776.5mUSD 3.62
2023-12-31USD 8,022.8mUSD 1,390.9mUSD 1.84
2022-12-31USD 8,517.7mUSD 1,747.6mUSD 2.36

Valuation context

This release does not quote price-based multiples because it does not include synchronized market prices. A financial denominator must be paired with a clearly dated market value.

MeasureInterpretation
P/EPrice divided by EPS; identify annual, trailing or forward basis.
P/S & P/BMarket capitalization divided by sales or book equity.
EV / EBITDAEnterprise value and EBITDA need consistent definitions.
FCF yieldFree cash flow divided by dated market capitalization.

A sector median is descriptive, not a fair-value estimate. Explore sector context ↗

Selected filing notes

10-KFiled 2026-02-27Period 2025-12-31

BX filed this 10-K on 2026-02-27 for the reported period 2025-12-31. Reading focus: Net interest income, credit provisions, fee income, underwriting results and capital adequacy. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

Read SEC original ↗

Related research

Company ResearchBX

BX: reading the FY2025 financial structure

Annual revenue of USD 14.450 billion and net income of USD 3.019 billion for the period ended 2025-12-31.

2026-09-26 · 2 min
Data through 2025-12-31

Risks & what to monitor

Credit losses, deposit pricing, reserve assumptions, market liquidity and regulatory capital.

Net interest income, credit provisions, fee income, underwriting results and capital adequacy.

Sources & dates