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Friday 6 November 2026 Export BX’s income statement to Excel — free account

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

119.68 0.14 −0.12%
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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Blackstone Inc. (BX) Debt to equity

Alert me on Debt to equity

Blackstone Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.7×, up 0.1× from fiscal 2025 (0.6×). Over the past ten years it has ranged from 0.4× (fiscal 2021) to 1.1× (fiscal 2017); the current reading is higher than 45% of that period. That is above the Asset Management industry median of 0.4× and above the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.6× 0.25%
FY2024 0.6× (9.48%)
FY2023 0.7× (2.68%)
FY2022 0.7× 90.52%
FY2021 0.4× (8.40%)
FY2020 0.4× (47.35%)
FY2019 0.7× 0.11%
FY2018 0.7× (32.37%)
FY2017 1.1× 52.40%
FY2016 0.7× 41.89%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.7× 9.21%
Jun 2026 0.6× (5.58%)
Mar 2026 0.7× 9.29%
Dec 2025 0.6× 0.58%
43 more quarters

Against its own ten years

Low 0.4× High 1.1×
Ten-year median 0.7×
Current reading's percentile 45

Debt to equity against peers

Company Debt to equity
BLK BlackRock compare 0.3×
NTRS Northern Trust Corporation compare 0.4×
APO Apollo Global Management Inc. compare 0.4×
BAM Brookfield Asset Management Ltd. compare 0.4×
BX Blackstone Inc. 0.7×
KKR KKR & Co. Inc. compare 0.7×
ARES Ares Management Corporation compare 0.8×
STT State Street Corporation compare 0.9×
AMP Ameriprise Financial, Inc. compare 1.1×
Asset Management industry median 0.4×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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