Blackstone Multi Assets Investing — Fee Related Compensation increased by 15.7% to $45.55M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 61.6%, from $28.19M to $45.55M. Over 3 years (FY 2022 to FY 2025), Multi Assets Investing — Fee Related Compensation shows relatively stable performance with a -1.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising compensation relative to revenue may signal margin pressure, while lower ratios suggest improved operating leverage.
The portion of compensation expense directly attributable to the fee-earning activities of the multi-assets segment. Thi...
Standard 'Compensation and Benefits' expense category for asset management segments.
bx_segment_multi_assets_investing_fee_related_compensation| 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 | $44.79M | $44.79M | $44.79M | $44.79M | $45.74M | $42.28M | $43.04M | $33.44M | $40.78M | $37.89M | $37.64M | $28.19M | $41.52M | $42.88M | $39.37M | $45.55M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +2.1% | -7.6% | +1.8% | -22.3% | +22.0% | -7.1% | -0.7% | -25.1% | +47.3% | +3.3% | -8.2% | +15.7% |
| YoY Change | — | — | — | — | +2.1% | -5.6% | -3.9% | -25.3% | -10.8% | -10.4% | -12.5% | -15.7% | +1.8% | +13.2% | +4.6% | +61.6% |