What was Blackstone Inc.'s revenue in fiscal 2025?

Blackstone Inc. reported revenue of $14.45B for fiscal 2025, up 9.2% from fiscal 2024.

What is Blackstone Inc.'s net margin?

Net margin was 20.9%, against a median of 12.8% across S&P 500 members for the same fiscal year.

What is Blackstone Inc.'s diluted EPS?

Diluted EPS was $3.87, up 6.9% from the prior year.

Are Blackstone Inc. insiders buying or selling shares?

Over the past 12 months, insiders reported 15 open-market purchases totalling $4.2M and 9 open-market sales totalling $28.2M on Form 4.

Which institutions hold Blackstone Inc. stock?

2,685 institutions reported holding Blackstone Inc. shares in 13F filings for the quarter ended June 30, 2026; the largest reported position was Vanguard Capital Management's.

Overview

Blackstone Inc.

BXNYSEFinancialsInvestment AdviceCIK 0001393818S&P 500

Latest 10-K: FY2025, filed Feb 27, 2026 · Open the 10-K (Inline XBRL) ↗

Ask about BX in Workspace

Revenue: $14.45B; 9.2%YoYup from FY2024; TotalRevenue
Gross profit: Not reported
Net income: $3.02B; 8.7%YoYup from FY2024; NetIncome
Diluted EPS: $3.87; 6.9%YoYup from FY2024; EPSDiluted
Diluted shares: 780.2M; 1.8%YoYup from FY2024; WeightedAvgSharesDiluted

At a glance

Growth

Blackstone Inc. reported revenue of $14.45B for fiscal 2025, up 9.2% from fiscal 2024.
Revenue grew faster than the median S&P 500 member in 3 of the last 5 fiscal years.

Profitability

Net margin was 20.9%, against a median of 12.8% across S&P 500 members for the same fiscal year.

Per share

Diluted EPS was $3.87, up 6.9% from the prior year.

Insiders & holders

Over the past 12 months, insiders reported 15 open-market purchases totalling $4.2M and 9 open-market sales totalling $28.2M on Form 4.
2,685 institutions reported holding Blackstone Inc. shares in 13F filings for the quarter ended June 30, 2026; the largest reported position was Vanguard Capital Management's.

Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 23, 2026 · Sources: SEC EDGAR 10-K, Form 4, 13F

Quick answers

What was Blackstone Inc.'s revenue in fiscal 2025?: Blackstone Inc. reported revenue of $14.45B for fiscal 2025, up 9.2% from fiscal 2024.
What is Blackstone Inc.'s net margin?: Net margin was 20.9%, against a median of 12.8% across S&P 500 members for the same fiscal year.
What is Blackstone Inc.'s diluted EPS?: Diluted EPS was $3.87, up 6.9% from the prior year.
Are Blackstone Inc. insiders buying or selling shares?: Over the past 12 months, insiders reported 15 open-market purchases totalling $4.2M and 9 open-market sales totalling $28.2M on Form 4.
Which institutions hold Blackstone Inc. stock?: 2,685 institutions reported holding Blackstone Inc. shares in 13F filings for the quarter ended June 30, 2026; the largest reported position was Vanguard Capital Management's.

Data as of Oct 23, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: S&P 500 median change. Line under a label: how many S&P 500 companies its median rests on.
Line item	FY2025	FY2024	FY2023	FY2022	FY2021	4Y CAGR
Revenue	$14.45B9.2%up S&P 500 6.4%	$13.23B64.9%up S&P 500 4.5%	$8.02B5.8%down S&P 500 4.8%	$8.52B62.3%down S&P 500 10.3%	$22.58B270.0%up S&P 500 13.8%	-10.6% S&P 500 6.6%
Gross Profit Median of 315 / 498	—	—	—	—	—	— S&P 500 6.2%
Operating Income Median of 373 / 498	—	—	—	—	—	— S&P 500 7.2%
Net Income	$3.02B8.7%up S&P 500 4.8%	$2.78B99.6%up S&P 500 5.7%	$1.39B20.4%down S&P 500 1.9%	$1.75B70.2%down S&P 500 1.3%	$5.86B460.3%up S&P 500 33.9%	-15.3% S&P 500 4.1%
EPS (Diluted)	$3.876.9%up S&P 500 6.2%	$3.6296.7%up S&P 500 7.9%	$1.8422.0%down S&P 500 1.9%	$2.3671.0%down S&P 500 1.5%	$8.13442.0%up S&P 500 34.8%	-16.9% S&P 500 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: S&P 500 median change. Line under a label: how many S&P 500 companies its median rests on.
Line item	FY2025	FY2024	FY2023	FY2022	FY2021	4Y CAGR
Total Assets	$47.71B9.8%up S&P 500 5.6%	$43.47B7.9%up S&P 500 3.4%	$40.29B5.3%down S&P 500 4.1%	$42.52B3.2%up S&P 500 2.2%	$41.20B56.8%up S&P 500 6.7%	3.7% S&P 500 4.7%
Total Liabilities Median of 357 / 498	$25.83B7.7%up S&P 500 6.4%	$23.97B7.9%up S&P 500 1.9%	$22.21B2.8%down S&P 500 2.9%	$22.84B17.2%up S&P 500 2.0%	$19.49B66.9%up S&P 500 5.2%	7.3% S&P 500 4.4%
Stockholders' Equity	$20.50B9.7%up S&P 500 6.8%	$18.69B10.6%up S&P 500 5.4%	$16.90B6.0%down S&P 500 7.3%	$17.97B17.0%down S&P 500 2.5%	$21.64B49.0%up S&P 500 9.0%	-1.3% S&P 500 6.1%
Cash & Equivalents	$2.63B33.4%up S&P 500 5.2%	$1.97B33.3%down S&P 500 1.9%	$2.96B30.5%down S&P 500 6.7%	$4.25B100.6%up S&P 500 -8.6%	$2.12B6.0%up S&P 500 -2.9%	5.6% S&P 500 2.0%
Total Debt Median of 393 / 498	$12.58B^†9.7%up S&P 500 2.3%	$11.46B^†1.3%down S&P 500 0.1%	$11.61B^†7.1%down S&P 500 0.1%	$12.49B^†59.0%up S&P 500 0.1%	$7.86B^†37.0%up S&P 500 0.0%	12.5% S&P 500 3.7%

† Sum of short-term and long-term debt; the company files no total-debt line.

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: S&P 500 median change. Line under a label: how many S&P 500 companies its median rests on.
Line item	FY2025	FY2024	FY2023	FY2022	FY2021	4Y CAGR
Operating Cash Flow	$4.66B33.9%up S&P 500 6.3%	$3.48B14.2%down S&P 500 4.8%	$4.06B36.0%down S&P 500 9.9%	$6.34B59.0%up S&P 500 -0.7%	$3.99B105.9%up S&P 500 10.7%	4.0% S&P 500 7.0%
Capital Expenditures	$115.70M88.4%up S&P 500 5.4%	$61.41M72.6%down S&P 500 2.8%	$224.23M4.8%down S&P 500 11.3%	$235.50M266.2%up S&P 500 14.0%	$64.32M42.4%down S&P 500 8.1%	15.8% S&P 500 9.0%
Free Cash Flow Median of 378 / 498	$4.55B33.0%up S&P 500 7.3%	$3.42B10.8%down S&P 500 6.1%	$3.83B37.2%down S&P 500 8.8%	$6.10B55.6%up S&P 500 -11.3%	$3.92B115.0%up S&P 500 10.2%	3.8% S&P 500 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

S&P 500 median = median of the companies in the index on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-20. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

2.5%

Wall Street

on net earnings

FY2024 2.1%

3.8%

Value investor

on free cash flow

FY2024 2.6%

Gap +1.3 pts: Value-investor figure 1.3 points higher

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 39.8×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

Cash & capital allocation

Where the cash went in FY2025, from the 10-K cash flow statement.

Operating cash flow: $4.66B
Capex: $115.70M
Free cash flow: $4.55B
R&D: —
Buybacks: —
Dividends: $6.01B
Debt repaid: $1.81B
Debt issued: $2.81B
Net debt change: $1.00B

Uses of operating cash flow, FY2025

Dividends129.0%
Capex2.5%
Debt repayment38.9%

Each use is shown against operating cash flow on its own; the uses overlap.

Free cash flow by year

FY21$3.92B
FY22$6.10B
FY23$3.83B
FY24$3.42B
FY25$4.55B

Buybacks by year

FY21—
FY22—
FY23—
FY24—
FY25—

Smart money

Who is trading and holding Blackstone Inc., from Form 4, 13F and 13D/13G filings.

Insiders

Insider activity · past 12 months

Open-market trades reported on Form 4 in the past 365 days.

Buys: 15; 2 insiders
Sales: 9; 4 insiders
Value sold: $28.2M
Shares sold: 214,514
Net shares: -185,623.122; bought minus sold
Last trade: Sep 18, 2026

Purchases 13% of valueSales 87% of value

Latest open-market insider trades from Form 4
Insider	Type	Date	Shares	Price	Value	Filing
Baratta JosephDirector	Sell	Sep 18, 2026	42,246	$123.35	$5,211,044	View filing on SEC EDGAR
Baratta JosephDirector	Sell	Sep 18, 2026	57,754	$124.13	$7,169,004	View filing on SEC EDGAR
Finley John GChief Legal Officer	Sell	Aug 11, 2026	25,198	$147.36	$3,713,177	View filing on SEC EDGAR

See plans

Open-market purchases (code P) and sales (code S) only. Grants, option exercises and tax withholding are excluded. Sales may be made under pre-arranged Rule 10b5-1 plans.

Ownership

Largest institutional holders

13F

Quarter ended Jun 30, 2026; change versus Mar 31, 2026.

Institutions reporting: 2,685
Top 3 hold: 14.0%; of 780.22M diluted shares, FY2025 10-K

Top 3 holders, share of diluted sharesof 100%

Vanguard Capital Management6.2%
48,510,319 sh · $5.7BAdded 0.4%13F-HR · Jun 30, 2026 on SEC EDGAR
STATE STREET CORP4.2%
32,463,609 sh · $3.8BAdded 1.4%13F-HR · Jun 30, 2026 on SEC EDGAR
MORGAN STANLEY3.6%
28,310,442 sh · $3.3BNo prior-quarter match13F-HR · Jun 30, 2026 on SEC EDGAR

See plans

Some filers' amendments could not be read, so a few holders may be counted twice.

Bars: share of diluted shares on a shared scale; the tick marks 5%. 13F filings are due 45 days after quarter end, so this is the latest fully reported quarter. Amended filings are counted once.

Blockholders, 5% and over

13D/G

SC 13D / 13G, latest filing per filer.

Filers at 5%+: 3
Combined: 19.3%; sum of latest filings
Activist (13D): 0

5%+ filers, share of the class as filedof 100%

Vanguard Capital Management7.53%
Passive · 13GSC 13G · Apr 29, 2026 on SEC EDGAR
BlackRock, Inc.6.5%
Passive · 13GLast filed 2 yrs agoSC 13G · Jan 29, 2024 on SEC EDGAR
Capital World Investors5.3%
Passive · 13GLast filed 1 yr agoSC 13G · Nov 13, 2024 on SEC EDGAR

No filer switched from a passive 13G to an activist 13D in the last 365 days.

Percent of the class as each filer last reported it; filings older than a year may no longer reflect the stake. Latest filing per filer within three years; a later filing reporting 0% removes the filer.

Full history, every insider and 13F filer, 13D/G activist stakes, and webhooks are on Institutional.

See Institutional

Smart money

Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Restatement Radar

6 numbers Blackstone Inc. later changed — same XBRL tag, both filings linked.

numbers changed: 6
restating filings: 5
came with an amendment or a non-reliance notice: 0

Mar 1, 2013 · 10-K
changed 2 numbers
No amendment filed
Open filing
- Net incomeQ1 2011$78.4M restated to $42.7M−45.5%
  As reported · May 7, 2012us-gaap:NetIncomeLossAny P/E built on the original was 83.5% too low.
- Stockholders equityAs of Dec 31, 2011$8.7B restated to $8.2B−5.8%
  As reported · Feb 28, 2012us-gaap:PartnersCapital
Feb 28, 2014 · 10-K
changed 1 number
No amendment filed
Open filing
- Net incomeQ1 2012$417.6M restated to $58.3M−86.0%
  As reported · May 7, 2012us-gaap:NetIncomeLossAny P/E built on the original was 616.0% too low.
Feb 26, 2016 · 10-K
changed 1 number
No amendment filed
Open filing
- Stockholders equityAs of Dec 31, 2014$14.9B restated to $7.1B−52.6%
  As reported · Feb 27, 2015us-gaap:PartnersCapital
Feb 24, 2017 · 10-K
changed 1 number
No amendment filed
Open filing
- Pretax incomeQ1 2015$1.6B restated to $1.5B−7.6%
  As reported · May 8, 2015us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Mar 1, 2018 · 10-K
changed 1 number
No amendment filed
Open filing
- Net incomeQ1 2016$150M restated to $159.8M+6.5%
  As reported · May 5, 2016us-gaap:NetIncomeLossAny P/E built on the original was 6.1% too high.

BX is not the only one.

See every restatement we've found across the market — or get an alert the next time BX revises a number.

Restatement Radar Alert me

Restatements are detected by comparing every vintage of a fact across all of Blackstone Inc.'s filings back to 1993. A revision is not by itself a sign of wrongdoing — companies re-file for many legitimate reasons. This list is not exhaustive: it shows BX's most significant revisions, and a figure absent from it has not been certified as unrevised.

Peers, filings & research

Sector Peers

BANK OF AMERICA CORP /DE/

WFC· Financials

WELLS FARGO & COMPANY/MN

MS· Financials

MORGAN STANLEY

GS· Financials

GOLDMAN SACHS GROUP INC

Recent SEC filings

The six newest, periodic reports and 8-Ks together. Dates are SEC filing dates.

All filings on EDGAR

Six most recent SEC filings, newest first
Form	Filing	Filed	Document
8-K	Current report (material events) · Event dated Oct 22, 2026 0001193125-26-428297 · accepted 10:55 UTC	Oct 22, 2026	Open	Filed Oct 22, 2026 · 0001193125-26-428297
8-K	Current report (material events) · Event dated Oct 9, 2026 0001193125-26-422888 · accepted 20:12 UTC	Oct 15, 2026	Open	Filed Oct 15, 2026 · 0001193125-26-422888
8-K	Current report (material events) · Event dated Sep 22, 2026 0001193125-26-398100 · accepted 21:00 UTC	Sep 22, 2026	Open	Filed Sep 22, 2026 · 0001193125-26-398100
10-Q	Quarterly report · Quarter ended Jun 30, 2026 0001193125-26-340208 · accepted 20:01 UTC	Aug 7, 2026	Open	Filed Aug 7, 2026 · 0001193125-26-340208
10-Q	Quarterly report · Quarter ended Mar 31, 2026 0001193125-26-214609 · accepted 20:06 UTC	May 8, 2026	Open	Filed May 8, 2026 · 0001193125-26-214609
10-K	Annual report · Fiscal year ended Dec 31, 2025 0001193125-26-082531 · accepted 21:06 UTC	Feb 27, 2026	Open	Filed Feb 27, 2026 · 0001193125-26-082531

“Open” goes to the Inline XBRL viewer when the filing has one, else the primary document. The accession opens the EDGAR index.

Research Reports

No published research on BX yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on BX and publish the result to your public profile.

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The data behind this page

27 tables, history 1993–present. Every figure above is a row you can query.

Fundamentals

Standardized financial facts, ratios and filings.

fact: 120.5Mrows
ratio: 5.3Mrows
filing: 2.35Mrows
entity: 19,888rows

292 standard concepts.

Built from these SEC forms

10-K
10-K/A
10-K405
10-KT
10-Q
10-Q/A
10-QT
20-F
20-F/A
40-F
40-F/A
8-K
8-K/A
6-K
6-K/A
S-1
S-3
S-4
S-11
F-1
F-3
F-4
POS AM
10-KSBsoon
10-QSBsoon
DEF 14Asoon
DEF 14Csoon
DEFA14Asoon
PRE 14Asoon
DEFM14Asoon
425soon
SC TO-Tsoon
SC TO-Isoon
SC 14D9soon
SC 13E3soon
CORRESPsoon
NT 10-Ksoon
NT 10-Qsoon
NT 20-Fsoon
N-PORT-Psoon

Smart money

Insider and institutional filings.

institutional_holding: 59.5Mrows
insider_transaction: 11.4Mrows
insider_filing: 5.2Mrows
insider_ownership: 1.33Mrows

78M+ smart-money rows in all.

Built from these SEC forms

Form 3
Form 3/A
Form 4
Form 4/A
Form 5
Form 5/A
13F-HR
13F-HR/A
13F-NT
13F-NT/A
SC 13D
SC 13D/A
SC 13G
SC 13G/A
Form 144
Form 144/A

One real fact row for Blackstone Inc.

Fact receiptOperatingCashFlow

Operating cash flow · FY2025

$4.66B

4,663,161,000 USD

Blackstone Inc. reported Operating cash flow of $4.7B for fiscal year 2025 in its 10-K filed Feb 27, 2026.

Fiscal period: 2025 FY
Period end: 2025-12-31
Form: 10-K
Filed: Feb 27, 2026
Entity (CIK): 0001393818

Provenance trail

Filed with the SEC
Form 10-K, filed Feb 27, 2026.
Accession 0001193125-26-082531
Open in the Inline XBRL viewer for 0001193125-26-082531
Reported in the filing
Operating cash flow for fiscal year 2025, the period ended 2025-12-31, in USD. Valuein maps the filed line to the standard concept OperatingCashFlow.
Stored as one fact row
Every channel returns this row with the same id.
fact_id 07dedc3eb4a885963511faf72616b446e9cacc1a41c9f2b9466b33fa6d5901dc
Shown on this page
The same $4.66B appears in the Cash Flow Statement and in Cash & capital allocation.

fact rowjson

{  "entity_id": "0001393818",  "standard_concept": "OperatingCashFlow",  "fiscal_year": 2025,  "fiscal_period": "FY",  "period_end": "2025-12-31",  "numeric_value": 4663161000,  "unit": "USD",  "accession": "0001193125-26-082531",  "fact_id": "07dedc3eb4a885963511faf72616b446e9cacc1a41c9f2b9466b33fa6d5901dc"}

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bash

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Terminalbash

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Python

from valuein_sdk import ValueinClient with ValueinClient() as client:    sql = """        SELECT fiscal_year, numeric_value FROM fact        WHERE entity_id = '0001393818'          AND standard_concept = 'TotalRevenue'          AND fiscal_period = 'FY'    """    print(client.run_query(sql))

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Cite this page

Data as of Oct 23, 2026. Canonical address: https://valuein.biz/data/BX

APA-style text

Valuein. (2026, October 23). Blackstone Inc. (BX) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/BX

BibTeX

@misc{valuein_bx_2026,
  author = {{Valuein}},
  title = {Blackstone Inc. (BX) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/BX}},
  note = {Data as of 2026-10-23; source: SEC EDGAR filings}
}

Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 27, 2026 · accession 0001193125-26-082531

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

View BX filings on SEC EDGAR

At a glance

Growth

Profitability

Per share

Insiders & holders

02Financial statements

Income Statement

Balance Sheet

Cash Flow Statement

Ratios & valuation

03Cash & capital allocation

Uses of operating cash flow, FY2025

Free cash flow by year

Buybacks by year

04Smart money

Insiders

Insider activity · past 12 months

Ownership

Largest institutional holders

Blockholders, 5% and over

Smart money

Mar 1, 2013 · 10-K

Feb 28, 2014 · 10-K

Feb 26, 2016 · 10-K

Feb 24, 2017 · 10-K

Mar 1, 2018 · 10-K

06Peers, filings & research

Sector Peers

Recent SEC filings

Research Reports

07The data behind this page

Fundamentals

Built from these SEC forms

Smart money

Built from these SEC forms

One real fact row for Blackstone Inc.

Provenance trail

Get the same data

08Cite this page

Insiders & holders

03Cash & capital allocation

Uses of operating cash flow, FY2025

Free cash flow by year

Buybacks by year

04Smart money

Insiders

Insider activity · past 12 months

Ownership

Largest institutional holders

Blockholders, 5% and over

Mar 1, 2013 · 10-K

Feb 28, 2014 · 10-K

Feb 26, 2016 · 10-K

Feb 24, 2017 · 10-K

Mar 1, 2018 · 10-K

Sector Peers

Recent SEC filings

07The data behind this page

Fundamentals

Built from these SEC forms

Smart money

Built from these SEC forms

One real fact row for Blackstone Inc.

Provenance trail

Get the same data

Financial statements

Cash & capital allocation

Smart money

Peers, filings & research

The data behind this page

Cite this page

Cash & capital allocation

Smart money

The data behind this page