Blackstone Inc. (BX)
Blackstone Inc. brought in $16.1B of revenue over the twelve months to September 30, 2026, up 22.1% from a year earlier. Net income was $3.6B, a net margin of 22.1%. Operating cash flow minus capital spending left $4.5B of free cash flow in fiscal 2025. At September 30, 2026 it held $3B in cash against $13.5B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about Blackstone Inc.
- Net worth
- Blackstone Inc. has a market value (market cap) of $91.5B at the latest share price, and shareholders' equity of $8.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $14.5B (+9.2% year on year), with net income of $3B. Over the 12 months to September 30, 2026: revenue $16.1B, net income $3.6B.
- Cash flow
- In fiscal 2025 operations brought in $4.7B of cash; after $115.7M of capital spending, free cash flow was $4.5B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Blackstone Inc.'s next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Blackstone Inc. declared dividends of $4.69 per share in fiscal 2025, a yield of 3.85% at the current price.
What Blackstone Inc. does
Blackstone is an alternative asset management firm that manages investment funds for institutional and individual investors. It invests capital across private equity, real estate, public debt and equity, and infrastructure assets. Its clients include pension funds, insurance companies, sovereign wealth funds, and high-net-worth individuals. Its shares trade on NYSE under the ticker BX.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $14.5B | $3B | $3.87 | $4.5B |
| 2024 | $13.2B | $2.8B | $3.62 | $3.4B |
| 2023 | $8B | $1.4B | $1.84 | $3.8B |
| 2022 | $8.5B | $1.7B | $2.36 | $6.1B |
| 2021 | $22.6B | $5.9B | $8.13 | $3.9B |
| 2020 | $6.1B | $1B | $1.50 | $1.8B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where BX ranks in Finance
Dividends
Blackstone Inc. declared $4.69 per share in fiscal 2025. At the current price that is a yield of 3.85%. It paid out $6B in cash dividends, 199% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $4.69 | $6B | 199% |
| 2024 | $3.45 | $4.4B | 159% |
| 2023 | $3.32 | $4.3B | 307% |
| 2022 | $4.94 | $6.5B | 373% |
| 2021 | $3.57 | $4.6B | 79% |
| 2020 | $1.91 | $2.4B | 228% |
Latest SEC filings
What Blackstone Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 0.8% to $3.1B versus the same quarter last year; diluted EPS $0.83 versus $0.80.
- November 2, 2026
- October 27, 2026Other event 8-K
- October 27, 2026Other event 8-K
- October 22, 2026
- October 15, 2026
- October 9, 2026Form 13F-HR/A filing 13F-HR/A
- October 9, 2026Form 13F-HR/A filing 13F-HR/A
- October 9, 2026Form 13F-HR/A filing 13F-HR/A
- September 22, 2026
What is BX worth? A DCF from its reported cash flow
Insider trades
What the people running Blackstone Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $12.4M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 30, 2026 | Finley John GChief Legal Officer | Gave as a gift | 2,000 | - |
| October 30, 2026 | Finley John GChief Legal Officer | Gave as a giftindirect | 2,000 | - |
| September 18, 2026 | Baratta JosephDirector | Sold | 42,246 | $5.2M |
| September 18, 2026 | Baratta JosephDirector | Sold | 57,754 | $7.2M |
| August 11, 2026 | Payne DavidChief Accounting Officer | Sold | 9,500 | $1.4M |
| August 11, 2026 | Finley John GChief Legal Officer | Sold | 19,802 | $2.9M |
| August 11, 2026 | Finley John GChief Legal Officer | Sold | 25,198 | $3.7M |
| August 10, 2026 | Porat RuthDirector | Bought | 126 | $17.3K |
Who owns BX
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| BXLS V Autobahn L.P.13D, may seek influence with 7 related filers | 8.8% | May 21, 2024 |
| Vanguard Capital Management13G, passive | 7.53% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,145 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 51,943,245 | -759,445 |
| Vanguard Capital Management LLC | 48,510,319 | +200,525 |
| Morgan Stanley | 34,842,332 | +2,347,894 |
| State Street Corp | 32,463,609 | +435,908 |
| Charles Schwab Investment Management Inc | 23,500,355 | +2,140,746 |
| Jpmorgan Chase & Co | 19,156,246 | +3,227,936 |
| Geode Capital Management, LLC | 18,366,521 | +48,743 |
| Vanguard Portfolio Management LLC | 15,767,752 | -270,246 |
| Capital Research Global Investors | 13,195,066 | -1,545,820 |
| Bank of America Corp | 11,594,914 | +56,847 |
| Goldman Sachs Group Inc | 8,738,575 | +1,225,175 |
| UBS Group AG | 7,311,475 | -152,061 |
| Northern Trust Corp | 6,935,671 | -207,610 |
| Capital World Investors | 6,935,655 | +8,790 |
| Norges Bank | 6,719,504 | new |
| Wells Fargo & Company | 6,396,724 | +829,944 |
| Clearbridge Investments, LLC | 5,912,077 | +2,855,787 |
| Legal & General Group Plc | 5,143,770 | +253,693 |
| Aristotle Capital Management, LLC | 4,964,102 | -252,416 |
| Royal Bank of Canada | 4,850,489 | +153,414 |
Insiders
11 insiders reported holding 7,375,841 shares in total, about $899.3M at the last price.
| Holder | Shares |
|---|---|
| Gray JonathanPresident & COO, Director | 3,678,417 |
| Chae MichaelCFO & Vice Chairman | 1,168,335 |
| Sawhney VikrantChief Administrative Officer | 869,669 |
| Baratta JosephDirector | 771,599 |
| Finley John GChief Legal Officer | 523,5179,500 held indirectly |
| Parrett William GDirector | 96,60066,571 held indirectly |
| Breyer JamesDirector | 70,867 |
| Payne DavidChief Accounting Officer | 64,448 |
| Lazarus Rochelle BDirector | 59,707 |
| Porat RuthDirector | 51,2209,031 held indirectly |
Questions about BX
What does Blackstone Inc. do?
Blackstone is an alternative asset management firm that manages investment funds for institutional and individual investors. It invests capital across private equity, real estate, public debt and equity, and infrastructure assets. Its clients include pension funds, insurance companies, sovereign wealth funds, and high-net-worth individuals. Its shares trade on NYSE under the ticker BX.
What is Blackstone Inc.'s net worth?
Blackstone Inc. has a market value (market cap) of $91.5B at the latest share price, and shareholders' equity of $8.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Blackstone Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $3.6B on revenue of $16.1B, a net margin of 22.1%.
How much revenue does Blackstone Inc. make?
Over the twelve months to September 30, 2026 Blackstone Inc. reported revenue of $16.1B. That is 22.1% more than a year earlier.
When did Blackstone Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026.
When is Blackstone Inc.'s next earnings report?
Blackstone Inc.'s next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Blackstone Inc. pay a dividend?
Yes. Blackstone Inc. declared dividends of $4.69 per share in fiscal 2025, a yield of 3.85% at the current price.
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Where the numbers come from
Financial figures are the values Blackstone Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.