Blackstone Credit And Insurance — Base Management Fees increased by 6.6% to $515.19M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 28.2%, from $401.76M to $515.19M. Over 4 years (FY 2021 to FY 2025), Credit And Insurance — Base Management Fees shows an upward trend with a 25.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Growth in base fees indicates an expansion of the fee-earning asset base and long-term revenue stability.
Recurring fees charged to investors based on the committed or invested capital within the credit and insurance segment....
Comparable to management fee revenue reported by asset management peers.
bx_segment_credit_and_insurance_base_management_fees| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $166.54M | $197.59M | $239.87M | $292.45M | $306.59M | $312.66M | $319.01M | $326.78M | $335.31M | $333.83M | $339.49M | $371.00M | $380.94M | $407.95M | $401.76M | $443.22M | $467.66M | $483.08M | $515.19M |
| QoQ Change | — | +18.6% | +21.4% | +21.9% | +4.8% | +2.0% | +2.0% | +2.4% | +2.6% | -0.4% | +1.7% | +9.3% | +2.7% | +7.1% | -1.5% | +10.3% | +5.5% | +3.3% | +6.6% |
| YoY Change | — | — | — | — | +84.1% | +58.2% | +33.0% | +11.7% | +9.4% | +6.8% | +6.4% | +13.5% | +13.6% | +22.2% | +18.3% | +19.5% | +22.8% | +18.4% | +28.2% |