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Blackstone BX

US equityMarket cap rank #169Asset Management
$117.11
−$2.16 (-1.81%)
Market open · Sep 24, 1:10 pm ET
After hours $120.32 +0.88%
Open$118.50
Prev close$119.27
Day range$115.28 – $119.43
Volume3.22M
Market cap$93.45B
P/E (TTM)26.2
Dividend yield4.24%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$4.19B+32.5% YoY
Net profit$2.36B+44.9% YoY
Diluted EPS$1.54+57.1% YoY
Free cash flow$1.91B+125.1% YoY
Operating cash flow$1.94B

Revenue, last 8 quarters

$2.9BSep '24$2.7BDec '24$2.8BMar '25$3.2BJun '25$2.7BSep '25$3.7BDec '25$3.0BMar '26$4.2BJun '26

Net profit, last 8 quarters

$1.6BSep '24$1.3BDec '24$1.2BMar '25$1.6BJun '25$1.2BSep '25$2.0BDec '25$1.3BMar '26$2.4BJun '26

Diluted EPS by quarter

1.02Sep '240.92Dec '240.80Mar '250.98Jun '250.80Sep '251.30Dec '250.83Mar '261.54Jun '26

Free cash flow by quarter

$1.2BSep '24$149.5MDec '24$1.1BMar '25$848.4MJun '25$1.6BSep '25$1.0BDec '25$957.6MMar '26$1.9BJun '26

Annual revenue

$5.2BFY20$16.7BFY21$7.1BFY22$7.0BFY23$10.9BFY24$12.4BFY25

Profitability & balance sheet

Net margin25.9%
Return on equity40.5%
Return on assets7.4%
Liabilities / assets55.0%
Cash & investments$2.51B
Total debt$14.03B
Net cash (debt)-$11.52B
Free cash flow / sales40.3%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Private equity$1.70B 32.8%
  • Real estate$1.19B 22.9%
  • Credit & Insurance$738.96M 14.3%
  • Unrealized Performance Revenues$587.15M 11.3%
  • Unrealized Principal Investment (Income) Loss$443.19M 8.5%
  • Multi-Asset Investing$174.06M 3.4%
  • Net Gains from Fund Investment Activities$140.09M 2.7%
  • Interest and Dividend Revenue$134.22M 2.6%
  • Impact of Consolidation$65.54M 1.3%
  • Other$11.81M 0.2%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $5.04B $3.62B $14.45B $4.36B $3.09B
Total Operating Revenue $4.19B $3.00B $12.41B $3.74B $2.69B
Net Interest Income -$10.80M -$29.11M -$92.22M -$17.34M -$18.75M
-Interest Income $134.22M $107.94M $416.09M $110.75M $107.54M
-Interest Expense $145.02M $137.05M $508.31M $128.09M $126.29M
Non-Interest Income $4.20B $3.03B $12.50B $3.75B $2.70B
-Fees and Commissions $1.57B $1.74B $7.10B $1.86B $1.87B
Selling and Admin Expenses $416.45M $380.83M $1.57B $460.40M $393.64M
-General & Admin Expense $416.45M $380.83M $1.57B $460.40M $393.64M
Pretax Profit $2.81B $1.46B $7.17B $2.36B $1.45B
Tax $452.39M $197.15M $1.13B $382.05M $209.66M
Net Profit $2.36B $1.26B $6.05B $1.97B $1.24B
Profit from Continuing Operations $2.36B $1.26B $6.05B $1.97B $1.24B
Minority Interests $1.13B $608.18M $3.03B $959.59M $612.01M
Net Income to Parent Company $1.23B $649.73M $3.02B $1.02B $624.92M
Net Income to Common Stockholders $1.23B $649.73M $3.02B $1.02B $624.92M
Basic EPS $1.54 $0.83 $3.87 $1.30 $0.80
Diluted EPS $1.54 $0.83 $3.87 $1.30 $0.80
Dividend Per Share $1.16 $1.49 $4.69 $1.29 $1.03

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $49.89B $48.33B $47.71B $47.71B $46.55B
Cash, Cash Equivalents & Federal Funds Sold $2.77B $2.71B $2.85B $2.85B $2.83B
-Cash and Cash Equivalents $2.51B $2.45B $2.63B $2.63B $2.43B
-Restricted Cash and Investments $266.23M $261.96M $223.44M $223.44M $401.56M
-Available for Sale Securities $14.15B $13.13B $12.67B $12.67B $12.64B
Long Term Equity Investment $20.44B $19.62B $19.53B $19.53B $18.87B
Derivative Assets $148.22M $156.64M $147.34M $147.34M $140.38M
Receivables $6.91B $6.97B $6.65B $6.65B $6.39B
Net PPE $1.28B $1.32B $1.28B $1.28B $1.30B
-Gross PPE $1.75B $1.77B $1.71B $1.71B $1.72B
-Accumulated Depreciation -$469.39M -$456.76M -$431.39M -$431.39M -$425.60M
Goodwill and Other Intangible Assets $2.00B $2.01B $2.02B $2.02B $2.03B
-Goodwill $1.89B $1.89B $1.89B $1.89B $1.89B
-Other Intangible Assets $113.29M $122.32M $131.36M $131.36M $140.46M
Prepaid Assets $238.97M $292.51M $315.34M $315.34M $192.52M
Other Assets $72.24M $55.20M $186.64M $186.64M $59.59M
Total Liabilities $27.46B $26.91B $25.83B $25.83B $25.19B
Payables $3.48B $3.24B $3.22B $3.22B $3.00B
-Other Payable $3.48B $3.24B $3.22B $3.22B $3.00B
Long Term Debt and Capital Lease Obligation $14.03B $14.16B $13.31B $13.31B $12.89B
Other Liabilities $3.10B $3.11B $2.89B $2.89B $2.92B
Total Equity $22.43B $21.42B $21.88B $21.88B $21.36B
Stockholders' Equity $9.01B $8.37B $8.67B $8.67B $8.39B
Capital Stock $7,000.00 $7,000.00 $7,000.00 $7,000.00 $7,000.00
-Common Stock $7,000.00 $7,000.00 $7,000.00 $7,000.00 $7,000.00
-Preferred Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $9.05B $8.71B $8.48B $8.48B $8.21B
Retained Earnings -$18.65M -$323.73M $191.64M $191.64M $184.04M
Minority Interests $13.42B $13.05B $13.22B $13.22B $12.97B

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.94B $991.05M $4.66B $1.07B $1.60B
Net Income from Continuing Operations $2.36B $1.26B $6.05B $1.97B $1.24B
Other Non-Cash Items $556.78M $653.70M $2.75B $658.67M $799.86M
Change in Working Capital $9.62M -$530.36M -$1.74B -$868.55M -$167.46M
-Change in Receivables $202.00M -$128.58M -$398.41M -$9.21M -$513.52M
-Change in Other Current Assets $27.07M $155.58M -$235.87M -$251.18M -$37.57M
-Change in Other Current Liabilities $0.00 $0.00 $0.00 $0.00 $0.00
Net cash flow from investing -$31.96M -$33.41M -$115.70M -$22.35M -$23.93M
Net PPE Purchase and Sale -$31.96M -$33.41M -$115.70M -$22.35M -$23.93M
Financing Cash Flow -$1.84B -$1.09B -$3.88B -$1.02B -$1.29B
Net Issuance Payments of Debt -$65.77M $852.31M $1.00B $680.31M $2.17M
Net Common Stock Issuance -$42.21M -$66.35M -$312.48M -$51.07M -$126.05M
Cash Dividends Paid -$1.53B -$1.92B -$6.01B -$1.60B -$1.34B
Net Other Financing Activities -$207.91M $38.02M $1.45B -$51.29M $178.38M
Ending Cash Balance $2.77B $2.71B $2.85B $2.85B $2.83B
Net Change in Cash $64.65M -$136.30M $668.65M $25.85M $286.39M
Beginning Cash Balance $2.71B $2.85B $2.18B $2.83B $2.55B
Effect of Exchange Rate Changes -$1.78M -$7.94M $9.84M -$3.41M -$3.59M
Free Cash Flow $1.91B $957.64M $4.55B $1.05B $1.57B
Net Business Purchase and Sale $0.00
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