Blackstone Inc. (BX) Financial Statements
Blackstone financial statements at a glance
Blackstone reported revenue of $12.41 billion for fiscal year 2025 (ended December 31, 2025), up 13.5% from fiscal year 2024. Net income was $3.02 billion, a net margin of 24.3%, and diluted earnings per share were $3.87.
At the end of fiscal year 2025 it had total assets of $47.71 billion, total liabilities of $25.83 billion and shareholders' equity of $8.67 billion, with cash of $2.63 billion and total debt of $13.31 billion.
Its operations brought in $4.66 billion of cash; capital spending was $115.70 million, leaving free cash flow of $4.55 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Blackstone Inc.
Income Statement
Annual • USD
Blackstone key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $12.4B | $10.9B | $7.0B | $7.1B | $16.7B |
| Net income | $3.0B | $2.8B | $1.4B | $1.7B | $5.9B |
| Diluted EPS | $3.87 | $3.62 | $1.84 | $2.36 | $8.13 |
| Total assets | $47.7B | $43.5B | $40.3B | $42.5B | $41.2B |
| Total liabilities | $25.8B | $24.0B | $22.2B | $22.8B | $19.5B |
| Shareholders' equity | $8.7B | $8.2B | $6.8B | $7.7B | $9.4B |
| Cash | $2.6B | $2.0B | $3.0B | $4.3B | $2.1B |
| Total debt | $13.3B | $12.3B | $12.3B | $13.4B | $8.7B |
| Operating cash flow | $4.7B | $3.5B | $4.1B | $6.3B | $4.0B |
| Capital spending | $115.7M | $61.4M | – | $235.5M | $64.3M |
| Free cash flow | $4.5B | $3.4B | – | $6.1B | $3.9B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2015.
Questions and answers
What was Blackstone's revenue in fiscal year 2025?
$12.41 billion, up 13.5% from $10.93 billion in fiscal year 2024.
How much profit does Blackstone make?
Blackstone reported net income of $3.02 billion for fiscal year 2025 (24.3% of revenue).
How much cash and debt does Blackstone have?
At the end of fiscal year 2025: cash of $2.63 billion and total debt of $13.31 billion.
What is Blackstone's free cash flow?
$4.55 billion in fiscal year 2025 (operating cash flow of $4.66 billion minus capital spending of $115.70 million).
