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Blackstone

BX

Blackstone is a leading global alternative asset manager that provides investment strategies across real estate, private equity, credit, and insurance.

Market cap
$144.9B+22.1%
Revenue$14.8B+15.2%
Net income$3.1B+20.1%
Free cash flow$4.4B+23.7%
EPS (diluted)$3.91+18.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$3.4B
EPS estimate$1.34

Financials

Q1 2026

Income statement

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Revenue$3.6B+10.0%
Net income$649.7M+5.7%
EPS (diluted)$0.83+3.7%

Balance sheet

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Cash & equivalents$2.7B-20.3%
Total debt$14.3B+3.2%
Total equity$8.4B+4.9%
Total assets$48.3B+6.8%

Cash flow

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Operating cash flow$991.0M-10.7%
CapEx$33.4M+14.1%
Free cash flow$957.6M-11.3%

Valuation & ratios

Valuation

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Market cap$144.9B+22.1%
Enterprise value$156.48B+21.2%
P/E47.4×+6.0×
P/S9.8×+1.2×

Profitability

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Net margin20.7%+0.8pp
FCF margin29.9%+2.1pp

Returns & leverage

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Return on equity37.4%+3.3pp
Debt / equity1.7×0.0×

Segments

By product

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Investment Advice$2.1B+12.8%
Investment Performance$165.4M-13.8%

Competitors

Profile

Blackstone is a leading global alternative asset manager that provides investment strategies across real estate, private equity, credit, and insurance. The company seeks to deliver long-term value for institutional and individual investors by acquiring and strengthening assets to drive operational performance. Its core value proposition relies on its significant scale, diversified investment platforms, and a rigorous, solutions-oriented investment process.

Competitive position

Blackstone is the world's largest alternative asset manager with a dominant market position across multiple asset classes and a significant growing focus on perpetual capital and private wealth channels.

GeographiesGlobal, North America, Europe, Asia
Customer segmentsInstitutional Investors, Pension Funds, Insurance Companies, High-Net-Worth Individuals, Mass Affluent
Business modelAsset Management Fees, Performance-based Incentives, Perpetual Capital, Advisory and Transaction Fees
SuppliersInstitutional capital commitments, Retail distribution channels, Investment professionals and talent, Market data and research providers
CustomersPension fund beneficiaries, Insurance policyholders, Individual retail investors, Portfolio companies, Real estate tenants
Listed2007
Employees4.7K
CEOStephen Allen Schwarzman
FilingsSEC EDGAR

Questions, answered.

What is Blackstone's market cap?
Blackstone (BX) has a market capitalization of $144.90B and trades on NYSE.
What is Blackstone's revenue and profitability?
Blackstone generated $14.8B in trailing twelve-month revenue with net income of $3.1B, representing a net margin of 20.7%, with free cash flow of $4.4B. These figures are based on the Q1 2026 filing.
Who are Blackstone's competitors?
Blackstone's key competitors include Brookfield Asset Management, The Carlyle Group, KKR & Co. Inc., and others. These companies compete in similar markets and product categories.
Who does Blackstone partner with?
Blackstone's notable partners include FINRA.
What subsidiaries does Blackstone have?
Blackstone's subsidiaries include Blackstone Mortgage Trust, Inc., Blackstone Secured Lending Fund, Harvest Fund Advisors LLC, and others.
Where is Blackstone headquartered?
Blackstone is headquartered in United States of America and employs approximately 4,735 people. It has been publicly traded since 2007.