BX
$110.34+3.03%
as of close, Oct 20, 2026
☾ AH $110.34 +3.03%
BX financial statements
The full income statement, balance sheet, and cash-flow statement for Blackstone Inc. (BX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-03 714.6M2024-09 722.0M2024-12 729.4M2025-03 729.6M2025-06 737.1M2025-09 738.5M2025-12 742.2M2026-03 742.9M2026-06 750.6M+5.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 14.5B+9.2% | 13.2B+64.9% | 8.02B-5.8% | 8.52B-62.3% | 22.6B+270.0% | |
| Selling, general & administrative | 1.52B+11.9% | 1.36B+21.9% | 1.12B+2.3% | 1.09B+19.0% | 918M+29.0% | |
| General & administrative | 1.52B+11.9% | 1.36B+21.9% | 1.12B+2.3% | 1.09B+19.0% | 918M+29.0% | |
| Amortization of intangibles | 36.0M+0.2% | 36.0M-10.3% | 40.1M-40.3% | 67.1M-10.4% | 74.9M+5.4% | |
| Interest expense | 508M+14.6% | 444M+2.7% | 432M+36.1% | 317M+60.0% | 198M+19.3% | |
| Other non-operating income | 424M+768.2% | 48.8M+158.1% | -84.0M-1.4% | -82.9M-118.1% | 459M+9578.7% | |
| Equity-method income | 801M+32.3% | 605M+146.3% | 246M-15.9% | 292M-84.6% | 1.90B+493.4% | |
| Pre-tax income | 7.17B+11.0% | 6.46B+118.4% | 2.96B-14.6% | 3.46B-74.5% | 13.6B+418.0% | |
| Income tax | 1.13B+10.1% | 1.02B+99.0% | 513M+8.6% | 473M-60.1% | 1.18B+232.7% | |
| Net income | 3.02B+8.7% | 2.78B+99.6% | 1.39B-20.4% | 1.75B-70.2% | 5.86B+460.3% | |
| $3.87+6.9% | $3.62+96.7% | $1.84-22.0% | $2.36-71.0% | $8.13+442.0% | ||
| EPS (basic) | $3.87+6.9% | $3.62+96.7% | $1.84-22.0% | $2.36-71.0% | $8.14+442.7% | |
| Weighted-avg shares (basic) | 780M+1.8% | 766M+1.5% | 755M+2.0% | 741M+2.9% | 720M+3.3% | |
| Weighted-avg shares (diluted) | 780M+1.8% | 767M+1.5% | 755M+2.0% | 741M+2.9% | 720M+3.3% | |
| Dividends per share | $4.69+35.9% | $3.45+3.9% | $3.32-32.8% | $4.94+38.4% | $3.57+86.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 2.63B+33.4% | 1.97B-33.3% | 2.96B-30.5% | 4.25B+100.6% | 2.12B+6.0% | |
| 47.7B+9.8% | 43.5B+7.9% | 40.3B-5.3% | 42.5B+3.2% | 41.2B+56.8% | ||
| Property, plant & equipment | 521M+2.9% | 506M-6.7% | 543M+31.8% | 412M+68.3% | 245M+5.5% | |
| Operating lease right-of-use | 757M-9.7% | 839M-0.3% | 841M-6.2% | 897M+13.7% | 789M+49.7% | |
| Goodwill | 1.89B+0.0% | 1.89B+0.0% | 1.89B+0.0% | 1.89B+0.0% | 1.89B-0.6% | |
| Intangible assets | 131M-20.5% | 165M-17.9% | 201M-7.4% | 217M-23.6% | 284M-18.3% | |
| Deferred tax assets | 2.06B+2.6% | 2.00B-14.0% | 2.33B+13.0% | 2.06B+30.4% | 1.58B+27.3% | |
| 25.8B+7.7% | 24.0B+7.9% | 22.2B-2.8% | 22.8B+17.2% | 19.5B+66.9% | ||
| Long-term debt | 12.6B+9.7% | 11.5B-1.3% | 11.6B-7.1% | 12.5B+59.0% | 7.86B+37.0% | |
| Operating lease liability (total) | 861M-10.8% | 966M-2.4% | 990M-3.1% | 1.02B+12.5% | 908M+46.3% | |
| 8.67B+5.5% | 8.21B+20.5% | 6.82B-11.0% | 7.66B-18.8% | 9.42B+41.7% | ||
| Common stock | 7.00K+0.0% | 7.00K+0.0% | 7.00K+0.0% | 7.00K+0.0% | 7.00K+0.0% | |
| Additional paid-in capital | 8.48B+13.9% | 7.44B+20.6% | 6.18B+4.0% | 5.94B+2.4% | 5.79B-8.5% | |
| Retained earnings | 192M-76.3% | 808M+22.3% | 661M-62.2% | 1.75B-52.1% | 3.65B+986.4% | |
| Accumulated other comprehensive income | -6.01M+85.1% | -40.3M-110.8% | -19.1M+30.4% | -27.5M-40.0% | -19.6M-24.0% | |
| Total equity incl. non-controlling | 20.5B+9.7% | 18.7B+10.6% | 16.9B-6.0% | 18.0B-17.0% | 21.6B+49.0% | |
| Total liabilities & equity | 47.7B+9.8% | 43.5B+7.9% | 40.3B-5.3% | 42.5B+3.2% | 41.2B+56.8% | |
| Common shares issued | 749M+2.3% | 732M+1.7% | 719M+1.3% | 710M+0.8% | 704M+3.0% | |
| Common shares outstanding | 749M+2.3% | 732M+1.7% | 719M+1.3% | 710M+0.8% | 704M+3.0% | |
| Shares outstanding (cover) | 742M+1.8% | 729M+2.1% | 715M+1.2% | 706M+0.9% | 700M+2.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.66B+33.9% | 3.48B-14.2% | 4.06B-36.0% | 6.34B+59.0% | 3.99B+105.9% | ||
| Depreciation & amortization | 134M-0.6% | 135M+0.4% | 134M-1.6% | 136M+7.3% | 127M+19.7% | |
| Intangible amortization | 36.0M+0.2% | 36.0M-10.3% | 40.1M-40.3% | 67.1M-10.4% | 74.9M+5.4% | |
| Share-based compensation | 1.45B+23.7% | 1.17B+18.3% | 988M+16.7% | 846M+32.8% | 637M+45.4% | |
| Deferred income taxes | 441M+26.9% | 348M+334.4% | -148M+58.9% | -361M-177.8% | 465M+430.9% | |
| Change in receivables | 212M+170.7% | 78.3M+132.9% | -238M-33.6% | -178M+38.3% | -288M-311.6% | |
| -116M-88.4% | -61.4M+73.3% | -230M+2.5% | -235M-266.2% | -64.3M+61.4% | ||
| Capital expenditure | 116M+88.4% | 61.4M-72.6% | 224M-4.8% | 235M+266.2% | 64.3M-42.4% | |
| Free cash flow | 4.55B+33.0% | 3.42B-10.8% | 3.83B-37.2% | 6.10B+55.6% | 3.92B+115.0% | |
| Acquisitions | 0.00 | 0.00-100.0% | 5.42M | 0.00 | 0.00-100.0% | |
| -3.88B+13.8% | -4.50B+10.9% | -5.05B-33.2% | -3.79B-0.5% | -3.78B-68.3% | ||
| Long-term debt issued | 2.81B+279.6% | 741M+49.7% | 495M-85.9% | 3.52B+58.4% | 2.22B+150.1% | |
| Long-term debt repaid | 1.81B+1656.5% | 103M-79.5% | 502M+79.0% | 281M | 0.00-100.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 6.01B+35.9% | 4.42B+3.6% | 4.27B-34.5% | 6.52B+41.6% | 4.60B+92.9% | |
| FX effect on cash | 9.84M+167.5% | -14.6M-392.0% | 4.99M+140.5% | -12.3M-25.6% | -9.81M-162.4% | |
| Net change in cash | 678M+161.9% | -1.10B+10.3% | -1.22B-153.3% | 2.29B+1595.8% | 135M+129.5% | |
| Interest paid | 464M+13.8% | 407M+1.7% | 400M+52.9% | 262M+34.9% | 194M+9.9% | |
| Income taxes paid | 563M-13.0% | 647M+13.6% | 569M-16.7% | 683M-2.5% | 701M+235.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 114B-9.0% | 126B+35.2% | 93.0B+78.7% | 52.1B-42.5% | 90.6B+104.5% | |
| P/E | 37.9×-16.3% | 45.3×-12.5% | 51.8×+157.4% | 20.1×+30.0% | 15.5×-63.5% | |
| P/S | 7.9×-16.7% | 9.5×-13.7% | 11.0×+166.2% | 4.1×+3.1% | 4.0×-44.7% | |
| P/B | 13.2×-13.8% | 15.3×+17.4% | 13.0×+90.0% | 6.9×-28.6% | 9.6×+44.3% | |
| P/FCF | 25.2×-31.6% | 36.8×+43.7% | 25.6×+126.1% | 11.3×-51.0% | 23.1×-4.9% | |
| Earnings yield | 2.6%+19.5% | 2.2%+14.3% | 1.9%-61.1% | 5.0%-23.1% | 6.5%+174.0% | |
| FCF yield | 4.0%+46.2% | 2.7%-30.4% | 3.9%-55.8% | 8.8%+104.2% | 4.3%+5.1% | |
| Dividend yield | 3.0%+52.1% | 2.0%-21.1% | 2.5%-61.9% | 6.7%+141.3% | 2.8%-6.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: BX’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BX filings on SEC EDGAR → Not investment advice.