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NYSE · Financials

Blackstone Inc. (BX)

As-reported financials and SEC filings for Blackstone Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Blackstone Inc.

Blackstone Inc. is a global alternative asset manager with over $1.3 trillion in assets under management. The company offers investment strategies across real estate, private equity, credit, infrastructure, life sciences, and hedge funds, serving institutional and individual investors. Blackstone operates through four main segments: Real Estate, Private Equity, Credit & Insurance, and Multi-Asset Investing.

Snapshot

Revenue
$14.45B
Revenue growth (YoY)
9.2%
Net income
$3.02B
Diluted EPS
$3.87
Gross margin
Operating margin
Net margin
20.9%
FCF margin
31.5%
ROE
net income / fiscal-year-end equity
P/E
28.9×
trailing when available, otherwise FY EPS
Market cap
$149.90B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Blackstone

  • Revenue grew 9.2% to $14.5B in FY2025, slower than the 64.9% the year before.
  • Most recent quarter Q2 FY2026: revenue $5.0B, up 35.9% from Q2 FY2025.
  • Free cash flow was $4.5B in FY2025, 31.5% of revenue.
  • Net income rose 8.7% to $3.0B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Blackstone’s fundamentals sit among the 425 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin20.9%
60th percentile of 377
FCF margin31.5%
73rd percentile of 272
Revenue growth (YoY)+9.2%
47th percentile of 420
P/E28.9×
86th percentile of 319
Short interest7.20d
79th percentile of 420

Blackstone’s P/E of 28.9 ranks in the 86th percentile of the 319 peers with a meaningful P/E.

3 reported insider purchases (code P) totaling $62,445 in the last 90 days, against 5 sales totaling $12.1M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+6 quant / multi-strat
Initiated / added
2
0 new, 2 added
Reduced / exited
7
6 trimmed, 1 exited
Combined position
$861.1M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$202.5M1.7MReduced
Renaissance TechnologiesquantQ2 2026$184.8M1.6MAdded
Citadel AdvisorsquantQ2 2026$152.0M1.3MAdded
Markel GroupQ2 2026$144.6M1.2MHeld
AQR Capital ManagementquantQ2 2026$104.1M892.2KReduced
Gotham Asset ManagementQ2 2026$31.0M263.1KReduced
Millennium ManagementquantQ2 2026$26.2M223.0KReduced
Two Sigma InvestmentsquantQ2 2026$9.4M80.2KReduced
Soros Fund ManagementQ2 2026$6.0M51.1KReduced
Harris Associates (Oakmark)Q2 2026$441,2633.8KHeld

No longer held by: Bridgewater Associates (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
3
1 insider
Bought (90d)
$62K
code P value
Sells (90d)
5
$12.1M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-11
filed 2026-08-12
Finley John GChief Legal OfficerSell25.2K$147.36$3.7M
2026-08-11
filed 2026-08-12
Finley John GChief Legal OfficerSell19.8K$146.80$2.9M
2026-08-11
filed 2026-08-12
Payne DavidChief Accounting OfficerSell9.5K$145.23$1.4M
2026-08-10
filed 2026-08-12
Porat RuthDirectorBuy245$137.10$34K
2026-08-10
filed 2026-08-12
Porat RuthDirectorBuy126$137.32$17K
2026-08-10
filed 2026-08-12
Porat RuthDirectorBuy84$137.32$12K
2026-08-04
filed 2026-08-05
Sawhney VikrantChief Administrative OfficerSell18.4K$135.29$2.5M
2026-08-04
filed 2026-08-05
Sawhney VikrantChief Administrative OfficerSell11.6K$135.96$1.6M
2026-05-11
filed 2026-05-13
Porat RuthDirectorBuy229$123.19$28K
2026-05-11
filed 2026-05-13
Porat RuthDirectorBuy126$122.77$15K
2026-05-11
filed 2026-05-13
Porat RuthDirectorBuy84$122.77$10K
2026-05-01
Sawhney VikrantChief Administrative OfficerSell17.0K$125.55$2.1M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
21.5M
settled 2026-08-31
Change vs prior
-1.6%
vs previous settlement
Days to cover
7.20
at avg daily volume
Avg daily volume
3.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-3121.5M-1.6%7.20
2026-08-1421.9M-17.4%4.57
2026-07-3126.5M+12.1%4.75
2026-07-1523.6M+2.1%6.07
2026-06-3023.1M+14.5%3.69
2026-06-1520.2M+2.5%3.76
2026-05-2919.7M+7.7%3.95
2026-05-1518.3M+3.0%4.07

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$14.45B$13.23B$8.02B$8.52B$22.58B
Gross profit
Operating income
Net income$3.02B$2.78B$1.39B$1.75B$5.86B
Diluted EPS$3.87$3.62$1.84$2.36$8.13

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$2.63B$1.97B$2.96B$4.25B$2.12B
Current assets
Total assets$47.71B$43.47B$40.29B$42.52B$41.20B
Current liabilities
Long-term debt$12.58B$11.46B$11.61B$12.49B$7.86B
Total liabilities$25.83B$23.97B$22.21B$22.84B$19.49B
Total equity$20.50B$18.69B$16.90B$17.97B$21.64B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$4.66B$3.48B$4.06B$6.34B$3.99B
Capital expenditure$115.7M$61.4M$224.2M$235.5M$64.3M
Free cash flow$4.55B$3.42B$3.83B$6.10B$3.92B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$5.04B35.9%$1.23B$1.54
Q1 FY2026$3.62B10.0%$649.7M$0.83
Q4 FY2025$4.36B41.4%$1.02B$1.30
Q3 FY2025$3.09B-15.7%$624.9M$0.80
Q2 FY2025$3.71B32.7%$764.2M$0.98
Q1 FY2025$3.29B-10.8%$614.9M$0.80
Q4 FY2024$3.08B139.9%$703.9M$0.92
Q3 FY2024$3.66B44.1%$780.8M$1.02

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryInvestment Advice
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2017
SEC CIK1393818

Selected SEC filings

10-K2026-02-27
View on EDGAR →
10-K2025-02-28
View on EDGAR →
10-Q2026-08-07
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
10-Q2025-11-07
View on EDGAR →
10-Q2025-08-08
View on EDGAR →
8-K2026-07-23
View on EDGAR →
8-K2026-06-23
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.