Business Segments · Other Operating Expenses

Private Equity — Other Operating Expenses

Blackstone Private Equity — Other Operating Expenses increased by 21.2% to $146.38M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 21.6%, from $120.33M to $146.38M. Over 4 years (FY 2021 to FY 2025), Private Equity — Other Operating Expenses shows an upward trend with a 16.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2017
Last reportedQ4 2025

How to read this metric

An increase may suggest rising administrative overhead or regulatory costs, while a decrease indicates improved operational efficiency.

Detailed definition

Represents the non-compensation operating costs specifically attributable to the private equity business segment. These...

Peer comparison

Comparable to SG&A or operating expense allocations in other alternative asset managers' private equity divisions.

Metric ID: bx_segment_private_equity_other_operating_expenses

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$61.04M$56.79M$95.58M$67.74M$83.23M$76.14M$77.06M$76.76M$74.40M$78.55M$87.03M$86.88M$87.44M$96.66M$120.33M$102.89M$112.30M$120.74M$146.38M
QoQ Change-7.0%+68.3%-29.1%+22.9%-8.5%+1.2%-0.4%-3.1%+5.6%+10.8%-0.2%+0.6%+10.5%+24.5%-14.5%+9.1%+7.5%+21.2%
YoY Change+36.4%+34.1%-19.4%+13.3%-10.6%+3.2%+12.9%+13.2%+17.5%+23.1%+38.3%+18.4%+28.4%+24.9%+21.6%
Range$56.79M$146.38M
CAGR+21.5%
Avg YoY Growth+17.0%
Median YoY Growth+18.4%
Current Streak3 quarters growth

Frequently Asked Questions

What is Blackstone's private equity — other operating expenses?
Blackstone (BX) reported private equity — other operating expenses of $146.38M in Q4 2025.
How has Blackstone's private equity — other operating expenses changed year-over-year?
Blackstone's private equity — other operating expenses increased by 21.6% year-over-year, from $120.33M to $146.38M.
What is the long-term trend for Blackstone's private equity — other operating expenses?
Over 4 years (2021 to 2025), Blackstone's private equity — other operating expenses has grown at a 16.2% compound annual growth rate (CAGR), from $264.47M to $482.31M.
What does private equity — other operating expenses mean?
The non-personnel operating costs incurred to run the private equity business segment.