Blackstone Investment Advice — Management And Advisory Fees Net increased by 1.0% to $2.06B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 10.9%, from $1.86B to $2.06B. Over 4 years (FY 2021 to FY 2025), Investment Advice — Management And Advisory Fees Net shows an upward trend with a 11.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
An increase suggests improved profitability and higher quality of recurring revenue, whereas a decrease could indicate rising operational costs or competitive pressure on fee structures.
This metric reflects the net revenue recognized from management and advisory fees after accounting for any fee waivers,...
Comparable to 'Net Management Fees' or 'Net Advisory Revenue' found in the financial disclosures of major asset management peers.
bx_segment_investment_advice_management_and_advisory_fees_net| 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 | $1.21B | $1.32B | $1.46B | $1.47B | $1.56B | $1.61B | $1.64B | $1.65B | $1.70B | $1.65B | $1.65B | $1.71B | $1.78B | $1.79B | $1.86B | $1.89B | $2.02B | $2.04B | $2.06B |
| QoQ Change | — | +8.9% | +10.3% | +1.2% | +5.7% | +3.5% | +1.8% | +0.7% | +3.1% | -2.9% | -0.0% | +3.2% | +4.2% | +0.4% | +4.1% | +1.8% | +6.8% | +1.1% | +1.0% |
| YoY Change | — | — | — | — | +28.4% | +22.1% | +12.7% | +12.2% | +9.4% | +2.6% | +0.8% | +3.3% | +4.5% | +8.0% | +12.4% | +10.8% | +13.5% | +14.3% | +10.9% |