Blackstone Inc. (BX): financials, SEC filings and peers
Blackstone Inc. (BX) is an asset management & custody banks company in the Financials sector of the S&P 500, headquartered in New York City, New York.
It was founded in 1985 and joined the S&P 500 on September 18, 2023.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Investment Advice”.
Blackstone Inc. at a glance
- Revenue (12 months)
- $16.1B
- Revenue growth
- +17.2%
- Operating margin
- 53.4%
- Net income (12 months)
- $3.5B
- Free cash flow (12 months)
- $5.5B
- Cash
- $2.5B
- Debt
- $13.3B
- Diluted EPS (12 months)
- $4.47
Twelve months to June 30, 2026, from the 10-Q filed August 7, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Blackstone Inc. reported revenue of $16.1 billion, up 17.2% from a year earlier.
Its operating margin was 53.4%: for every $100 of sales, about $53 was left as operating profit.
Net income was $3.5 billion (21.8% of revenue), 22.9% higher than a year earlier.
Operating cash flow was $5.6 billion and capital spending $112 million, leaving free cash flow of $5.5 billion (34.1% of revenue).
At the end of the period it held $2.5 billion in cash and $13.3 billion in debt, a net debt position of $10.8 billion.
The diluted share count rose 2.2% in a year, which dilutes existing shareholders.
Five-year trend
- Revenue went from $6.1 billion in fiscal 2020 to $14.5 billion in fiscal 2025, about 18.8% a year.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $22.6B | $8.5B | $8.0B | $13.2B | $14.5B |
| Revenue growth | 270.0% | -62.3% | -5.8% | 64.9% | 9.2% |
| Operating margin | — | — | — | — | — |
| Net income | $5.9B | $1.7B | $1.4B | $2.8B | $3.0B |
| Free cash flow | $3.9B | $6.1B | $3.8B | $3.4B | $4.5B |
| Diluted EPS | $8.13 | $2.36 | $1.84 | $3.62 | $3.87 |
Fiscal years as reported in Blackstone Inc.’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 22, 2026 — Regulation FD disclosure
- 10-Q filed August 7, 2026 — quarterly report
- 8-K filed July 23, 2026 — Earnings results
- 8-K filed June 23, 2026 — Regulation FD disclosure
- 10-Q filed May 8, 2026 — quarterly report
- 8-K filed April 23, 2026 — Earnings results
- 8-K filed March 24, 2026 — Regulation FD disclosure
- 10-K filed February 27, 2026 — annual report
Companies like Blackstone Inc.
Other S&P 500 companies in Asset Management & Custody Banks:
- AMPAmeriprise FinancialMinneapolis, Minnesota
- APOApollo Global ManagementNew York City, New York
- ARESAres ManagementLos Angeles, California
- BENFranklin ResourcesSan Mateo, California
- BLKBlackRockNew York City, New York
- BNYBNY MellonNew York City, New York
- IVZInvescoAtlanta, Georgia
- KKRKKR & Co.New York City, New York
More from Financials
Questions about Blackstone Inc.
Is Blackstone Inc.'s revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $16.1 billion, up 17.2% from a year earlier, according to its SEC filings.
Is Blackstone Inc. profitable?
Yes. It earned $3.5 billion in net income over the twelve months to June 30, 2026, a net margin of 21.8%.
Does Blackstone Inc. have more cash or more debt?
At June 30, 2026 it had $2.5 billion in cash and $13.3 billion in debt, so more debt than cash.
When did Blackstone Inc. last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 7, 2026.
Which companies are similar to Blackstone Inc.?
In the S&P 500, Blackstone Inc. is grouped in Asset Management & Custody Banks within the Financials sector. Ameriprise Financial (AMP), Apollo Global Management (APO), Ares Management (ARES), Franklin Resources (BEN), BlackRock (BLK) are in the same group.
Understand the numbers
Source: Blackstone Inc.’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.