Private Equity — Realized Performance Compensation
Blackstone Private Equity — Realized Performance Compensation decreased by 36.4% to $131.01M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 6.4%, from $139.99M to $131.01M. Over 4 years (FY 2021 to FY 2025), Private Equity — Realized Performance Compensation shows a downward trend with a -7.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase typically tracks with higher performance revenue, but a rising ratio could indicate higher compensation costs relative to performance.
Detailed definition
Represents the portion of realized performance revenue that is paid out to employees and investment professionals as com...
Peer comparison
Comparable to carried interest compensation or performance-related bonus expenses at peer firms.
bx_segment_private_equity_realized_performance_compensationHistorical 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 | $159.38M | $417.39M | $255.23M | $206.70M | $57.38M | $164.53M | $115.62M | $232.93M | $62.64M | $117.81M | $145.26M | $218.94M | $179.76M | $94.80M | $139.99M | $171.14M | $196.82M | $205.97M | $131.01M |
| QoQ Change | — | +161.9% | -38.9% | -19.0% | -72.2% | +186.7% | -29.7% | +101.5% | -73.1% | +88.1% | +23.3% | +50.7% | -17.9% | -47.3% | +47.7% | +22.3% | +15.0% | +4.6% | -36.4% |
| YoY Change | — | — | — | — | -64.0% | -60.6% | -54.7% | +12.7% | +9.2% | -28.4% | +25.6% | -6.0% | +187.0% | -19.5% | -3.6% | -21.8% | +9.5% | +117.3% | -6.4% |
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Frequently Asked Questions
- What is Blackstone's private equity — realized performance compensation?
- Blackstone (BX) reported private equity — realized performance compensation of $131.01M in Q4 2025.
- How has Blackstone's private equity — realized performance compensation changed year-over-year?
- Blackstone's private equity — realized performance compensation decreased by 6.4% year-over-year, from $139.99M to $131.01M.
- What is the long-term trend for Blackstone's private equity — realized performance compensation?
- Over 4 years (2021 to 2025), Blackstone's private equity — realized performance compensation has grown at a -7.0% compound annual growth rate (CAGR), from $943.20M to $704.94M.
- What does private equity — realized performance compensation mean?
- The share of performance-based revenue paid out to staff as compensation.