Private Equity — Performance Revenue Realized
Blackstone Private Equity — Performance Revenue Realized decreased by 37.1% to $351.67M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 1.2%, from $347.55M to $351.67M. Over 4 years (FY 2021 to FY 2025), Private Equity — Performance Revenue Realized shows a downward trend with a -7.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher values signal successful investment exits and strong portfolio performance, while lower values may indicate a slower exit environment.
Detailed definition
Captures the portion of performance-based fees or carried interest that has been crystallized and recognized as revenue...
Peer comparison
Comparable to realized carried interest or performance fee revenue at other private equity firms.
bx_segment_private_equity_performance_revenue_realizedHistorical Data
| 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 | $383.01M | $988.33M | $635.91M | $450.24M | $122.88M | $309.33M | $308.58M | $499.32M | $147.18M | $299.27M | $322.71M | $446.46M | $381.80M | $216.64M | $347.55M | $350.07M | $408.98M | $559.38M | $351.67M |
| QoQ Change | — | +158.0% | -35.7% | -29.2% | -72.7% | +151.7% | -0.2% | +61.8% | -70.5% | +103.3% | +7.8% | +38.3% | -14.5% | -43.3% | +60.4% | +0.7% | +16.8% | +36.8% | -37.1% |
| YoY Change | — | — | — | — | -67.9% | -68.7% | -51.5% | +10.9% | +19.8% | -3.3% | +4.6% | -10.6% | +159.4% | -27.6% | +7.7% | -21.6% | +7.1% | +158.2% | +1.2% |
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Frequently Asked Questions
- What is Blackstone's private equity — performance revenue realized?
- Blackstone (BX) reported private equity — performance revenue realized of $351.67M in Q4 2025.
- How has Blackstone's private equity — performance revenue realized changed year-over-year?
- Blackstone's private equity — performance revenue realized increased by 1.2% year-over-year, from $347.55M to $351.67M.
- What is the long-term trend for Blackstone's private equity — performance revenue realized?
- Over 4 years (2021 to 2025), Blackstone's private equity — performance revenue realized has grown at a -7.3% compound annual growth rate (CAGR), from $2.26B to $1.67B.
- What does private equity — performance revenue realized mean?
- Performance-based fees earned by the private equity segment from successfully exiting investments.