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.
Follow BX
Blackstone Inc. (BX) Operating margin
Blackstone Inc.'s operating margin over the twelve months to 30 June 2026 was 50.5%, up 0.3 percentage points from fiscal 2025 (50.2%). Over the past ten years it has ranged from 36.6% (fiscal 2015) to 58.9% (fiscal 2021); the current reading is higher than 64% of that period. That is above the Asset Management industry median of 33.4% and above the Financial sector median of 0.00%.
Operating margin, annual
Embed this chart
Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 50.2% | (1.60) |
| FY2024 | 51.8% | 8.51 |
| FY2023 | 43.3% | (2.04) |
| FY2022 | 45.3% | (13.56) |
| FY2021 | 58.9% | 13.20 |
| FY2020 | 45.7% | (2.99) |
| FY2019 | 48.7% | (2.31) |
| FY2018 | 51.0% | 0.75 |
| FY2017 | 50.3% | 4.60 |
| FY2016 | 45.7% | 9.06 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 55.8% | 14.53 |
| Mar 2026 | 41.3% | (12.95) |
| Dec 2025 | 54.2% | 6.79 |
| Sep 2025 | 47.4% | (4.18) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| BAM Brookfield Asset Management Ltd. compare | 61.6% |
| BX Blackstone Inc. | 50.5% |
| AMP Ameriprise Financial, Inc. compare | 34.0% |
| BLK BlackRock compare | 32.5% |
| APO Apollo Global Management Inc. compare | 21.0% |
| ARES Ares Management Corporation compare | 18.1% |
| KKR KKR & Co. Inc. compare | 8.92% |
| NTRS Northern Trust Corporation compare | 0.00% |
| STT State Street Corporation compare | 0.00% |
| Asset Management industry median | 33.4% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on BX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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