Blackstone Inc. is a premier global alternative investment management firm headquartered in New York City. The company manages over $1 trillion in assets across real estate, private equity, credit and insurance, and multi-asset investing strategies. Blackstone is distinctive for being the world's largest alternative asset manager, serving institutional and retail investors globally by providing flexible capital and solutions-oriented investment strategies.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Transaction-Based Revenues
9,053,800
8,153,110
7,366,430
6,828,440
Net Interest Income
416,093
411,159
516,497
271,612
Other Revenues
4,980,370
4,665,700
139,913
1,417,620
Total Revenues
14,450,300
13,230,000
8,022,840
8,517,670
Cost of Sales
5,669,750
5,013,730
3,431,960
3,563,130
Gross Profit
8,780,520
8,216,240
4,590,880
4,954,540
Selling, General & Administrative Expenses
1,524,550
1,361,910
1,117,310
1,092,670
Operating Profit
7,255,970
6,854,330
3,473,580
3,861,870
Interest Expense
(508,314)
(443,688)
(431,868)
(317,225)
Non-Operating Income
423,988
48,838
(83,997)
(82,859)
Total Non-Operating Income
(84,326)
(394,850)
(515,865)
(400,084)
Income Before Provision for Income Taxes
7,171,650
6,459,480
2,957,710
3,461,790
Provision for Income Taxes
1,125,020
1,021,670
513,461
472,880
Consolidated Net Income
6,046,620
5,437,810
2,444,250
2,988,910
Net Income Attributable to Minority Interests and Other
3,027,410
2,661,300
1,053,370
1,241,280
Net Income Attributable to Common Shareholders
3,019,210
2,776,510
1,390,880
1,747,630
Basic EPS
3.87
3.62
1.84
2.36
Diluted EPS
3.87
3.62
1.84
2.36
Basic Weighted Average Shares Outstanding
780,019
766,487
755,205
740,664
Diluted Weighted Average Shares Outstanding
780,216
766,647
755,420
740,942
Shares Outstanding
748,688
731,926
719,358
710,277
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
2,631,240
1,972,140
2,955,870
4,252,000
Total Cash and Cash Equivalents
2,631,240
1,972,140
2,955,870
4,252,000
Restricted Cash and Segregated Assets
223,441
204,052
316,197
241,712
Accounts Receivable
291,758
237,930
193,365
462,904
Other Receivables
6,357,460
5,409,320
4,466,520
4,146,710
Total Current Assets
9,503,900
7,823,440
7,931,950
9,103,330
Net Property, Plant & Equipment
757,459
838,620
841,307
896,981
Net Intangible Assets
131,359
165,243
201,208
217,287
Goodwill
1,890,200
1,890,200
1,890,200
1,890,200
Long-Term Investments
32,212,100
29,800,600
26,146,600
27,553,300
Other Long-Term Assets
3,213,940
2,951,810
3,276,240
2,863,180
Total Assets
47,709,000
43,469,900
40,287,500
42,524,200
Accounts Payable
2,885,820
2,792,310
2,277,260
1,251,840
Accrued Expenses
6,411,390
6,087,700
5,247,770
6,101,800
Other Current Liabilities
3,224,430
2,808,150
2,393,410
2,118,480
Total Current Liabilities
12,521,600
11,688,200
9,918,430
9,472,120
Long-Term Debt
12,445,100
11,321,000
11,304,100
12,349,600
Leases
861,021
965,742
989,823
1,021,450
Total Long-Term Liabilities
13,306,200
12,286,700
12,293,900
13,371,000
Total Liabilities
25,827,800
23,974,900
22,212,300
22,843,200
Common Stock
7
7
7
7
Additional Paid-in Capital
8,479,890
7,444,560
6,175,190
5,935,270
Accumulated Other Comprehensive Income
(6,008)
(40,326)
(19,133)
(27,475)
Retained Earnings
191,641
808,079
660,734
1,748,110
Total Common Shareholders' Equity
8,665,530
8,212,320
6,816,800
7,655,910
Minority Interests and Other
13,215,600
11,282,700
11,258,400
12,025,200
Total Shareholders' Equity
21,881,200
19,495,000
18,075,200
19,681,100
Total Liabilities and Shareholders' Equity
47,709,000
43,469,900
40,287,500
42,524,200
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
6,046,620
5,437,810
2,444,250
2,988,910
Depreciation & Amortization
36,023
35,965
40,075
67,097
Share-Based Compensation Expense
1,445,350
1,168,440
987,549
846,349
Other Adjustments
(3,998,890)
(3,534,230)
(976,119)
(1,620,400)
Changes in Trading Assets
2,872,040
1,912,810
2,178,900
5,139,450
Changes in Trade Receivables
(398,413)
(465,039)
569,246
832,122
Changes in Accounts Payable
390,179
211,511
45,450
275,238
Changes in Accrued Expenses
(1,493,880)
(1,211,550)
(1,071,560)
(2,197,450)
Changes in Other Operating Activities
(235,872)
(74,055)
(160,888)
4,938
Cash from Operating Activities
4,663,160
3,481,660
4,056,910
6,336,250
Capital Expenditure
(115,703)
(61,409)
(224,231)
(235,497)
Payments for Business Acquisitions
—
—
(5,420)
—
Cash from Investing Activities
(115,703)
(61,409)
(229,651)
(235,497)
Issuance of Long-Term Debt
2,813,740
741,173
494,975
3,521,540
Repayments of Long-Term Debt
(1,813,060)
(103,221)
(502,460)
(280,768)
Net Issuance / (Repayments) of Long-Term Debt
1,000,680
637,952
(7,485)
3,240,780
Repurchases of Common Shares
(312,480)
(661,065)
(418,024)
(465,956)
Net Issuance / (Repurchases) of Common Shares
(312,480)
(661,065)
(418,024)
(465,956)
Common Share Dividends Paid
(6,013,390)
(4,424,180)
(4,268,450)
(6,518,790)
Other Financing Activities
1,446,380
(54,265)
(359,939)
(50,490)
Cash from Financing Activities
(3,878,810)
(4,501,560)
(5,053,900)
(3,794,460)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
9,837
(14,563)
4,988
—
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash