Blackstone Inc.

BX Financial Asset Management

Blackstone Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.5 billion, up 9.22% from fiscal 2024.

Revenue
−0.83%
EPS
+3.75%
Free cash flow
+125.1%
Total debt
+11.7%

Quarter to September 2026, against a year earlier

119.60 0.22 −0.18%
Market cap
$149.0B
P/E
26.8×
Fwd P/E
19.9×
Dividend yield
4.20%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Blackstone Inc. 10-Q filed Aug 7, 2026

Fiscal Q2 2026 · Period ended Jun 30, 2026 · Filed · accepted 4:01 PM ET · Document on sec.gov · Filing index

Red flags

  • Covenant breach

    Blackstone Inc.’s 10-Q reports a breach of a debt covenant, or a waiver to avoid one

    The Revolving Credit Facility contains customary representations, covenants and events of default.

    10-Q filed · The filing · sec.gov

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed May 8, 2026: 75 added · 10 removed · 135 modified; 39 with only figures updated; 3 moved without change

  1. Modified · Real Estate

    Our Core+ real estate strategy invests in substantially stabilized real estate globally, primarily through perpetual capital vehicles. The strategy includes our (a) Blackstone Property Partners (“BPP”) funds, which are focused on high-quality assets in the Americas, Europe and Asia and , (b) a non-listed real estate investment trust (“REIT”), Blackstone Real Estate Income Trust, Inc. (“BREIT”) and Blackstone European Property Income Fund (“BEPIF”) vehicles, which provide income-focused individual investors access to institutional quality real estate primarily in the Americas and Europe, respectively, and (c) a NYSE-listed REIT focused on acquiring and owning data centers, Blackstone Digital Infrastructure Trust (“BXDC”).