Blackstone Inc.
Blackstone Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.5 billion, up 9.22% from fiscal 2024. In the quarter to June 2026, revenue grew 35.9%, EPS grew 57.1%, free cash flow grew 125.1% and total debt rose 9.87%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.
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Blackstone Inc. (BX) Free cash flow
Blackstone Inc.'s free cash flow for fiscal 2025 was $4.5B, up 33.0% from $3.4B in fiscal 2024. Over the twelve months to 30 June 2026 it was $5.5B. Over the past ten years it has ranged from −$1.7B (fiscal 2017) to $6.1B (fiscal 2022); the current reading is higher than 91% of that period. Blackstone Inc. ranks 3rd of 115 Asset Management companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $4.5B | 32.96% |
| FY2024 | $3.4B | (10.76%) |
| FY2023 | $3.8B | (37.18%) |
| FY2022 | $6.1B | 55.57% |
| FY2021 | $3.9B | 114.97% |
| FY2020 | $1.8B | (4.13%) |
| FY2019 | $1.9B | 6,853.51% |
| FY2018 | $27.4M | — |
| FY2017 | −$1.7B | — |
| FY2016 | −$110.4M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $1.9B | 99.39% |
| Mar 2026 | $957.6M | (8.40%) |
| Dec 2025 | $1.0B | (33.57%) |
| Sep 2025 | $1.6B | 85.50% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| APO Apollo Global Management Inc. compare | $9.5B |
| AMP Ameriprise Financial, Inc. compare | $8.1B |
| BX Blackstone Inc. | $5.5B |
| BLK BlackRock compare | $3.5B |
| BAM Brookfield Asset Management Ltd. compare | $2.3B |
| KKR KKR & Co. Inc. compare | $2.3B |
| STT State Street Corporation compare | $2.0B |
| ARES Ares Management Corporation compare | $836.1M |
| NTRS Northern Trust Corporation compare | −$217.9M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on BX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement