Blackstone Inc. (BX) Revenue by Segment

Blackstone revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Blackstone's largest business segment was Private Equity, with $391.39 million or 49% of revenue, up 103.5% from a year earlier. Next: Real Estate (31%) and Credit and Insurance (20%).

By product or service, Investment Advice brought in 93% and Investment Performance brought in 7% of revenue in Q1 fiscal 2026.

The fastest-growing business segment from a year earlier was Real Estate (+170.9%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Blackstone Inc.

BXFinancial Services

United States

Financial Services

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Real EstateCredit and InsurancePrivate EquityCreditHedge Fund SolutionsReconciling items

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Private Equity	USD 391.39M	49.3%	+103.5%
Real Estate	USD 242.72M	30.6%	+170.9%
Credit and Insurance	USD 159.29M	20.1%	-16.2%

Sum of items USD 793.39M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q4 FY17	Q3 FY17
Real Estate	242.7M	153.0M	237.6M	124.6M	89.6M	37.8M	–	72.4M	606.0K	130.0M	–	127.8M	131.3M	20.7M	–	260.0M	265.5M	491.5M	–	35.6M	33.8M	155.4M	–	55.3M	6.5M	4.6M	–	30.6M	11.1M	6.7M	–	666.2M	–	864.4M
Credit and Insurance	159.3M	164.4M	200.7M	201.7M	190.1M	195.2M	–	185.8M	167.8M	165.5M	–	146.7M	135.4M	127.5M	–	112.1M	81.1M	67.2M	–	37.7M	15.1M	13.8M	–	9.6M	8.5M	7.9M	–	3.6M	2.6M	1.1M	–	–	–	–
Private Equity	391.4M	170.7M	168.1M	126.7M	192.3M	60.9M	–	5.9M	8.7M	–	–	–	–	–	–	–	–	- 648.0K	–	–	–	–	–	–	–	–	–	–	–	–	–	835.3M	–	397.7M
Credit	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	168.4M	–	221.7M
Hedge Fund Solutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	164.0M	–	167.5M
Reconciling items	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	92.6M	–	84.1M

Blackstone revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Private Equity	$391.4M	$170.7M	$126.7M	$192.3M	49%
Real Estate	$242.7M	$153.0M	$124.6M	$89.6M	31%
Credit and Insurance	$159.3M	$164.4M	$201.7M	$190.1M	20%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Blackstone revenue by product or service, last 4 quarters

Product or service	Q1 FY26	Q3 FY25	Q2 FY25	Q1 FY25	Share
Investment Advice	$2.1B	$2.1B	$2.0B	$1.9B	93%
Investment Performance	$165.4M	$200.7M	$195.4M	$191.8M	7%

In USD, fiscal quarters as reported; share = part of Q1 FY26 revenue.

Questions and answers

What are Blackstone's business segments?

Private Equity, Real Estate and Credit and Insurance (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Blackstone?

Private Equity: $391.39 million, or 49% of revenue, in Q2 fiscal 2026.

What are Blackstone's main products and services?

By revenue in Q1 fiscal 2026: Investment Advice (93%) and Investment Performance (7%).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.