Operating
Stock-Based Comp
Blackstone Stock-Based Comp increased by 18.2% to $358.56M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 26.9%, from $282.58M to $358.56M. Over 4 years (FY 2021 to FY 2025), Stock-Based Comp shows an upward trend with a 22.7% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase may signal a strategy to preserve cash or align employee interests with shareholders, but it also results in share dilution.
Detailed definition
Stock-based compensation is a non-cash expense where employees and executives are rewarded with equity or stock options...
Peer comparison
High-growth technology firms often have higher stock-based compensation as a percentage of revenue compared to mature industrial firms.
Metric ID:
cf_stock_based_compensationHistorical Data
19 periods
| 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 | $141.60M | $148.70M | $183.27M | $219.08M | $210.80M | $206.60M | $209.87M | $277.43M | $260.40M | $260.00M | $189.72M | $320.65M | $301.00M | $264.20M | $282.58M | $471.09M | $312.40M | $303.30M | $358.56M |
| QoQ Change | — | +5.0% | +23.3% | +19.5% | -3.8% | -2.0% | +1.6% | +32.2% | -6.1% | -0.2% | -27.0% | +69.0% | -6.1% | -12.2% | +7.0% | +66.7% | -33.7% | -2.9% | +18.2% |
| YoY Change | — | — | — | — | +48.9% | +38.9% | +14.5% | +26.6% | +23.5% | +25.8% | -9.6% | +15.6% | +15.6% | +1.6% | +48.9% | +46.9% | +3.8% | +14.8% | +26.9% |
Range$141.60M – $471.09M
CAGR+22.9%
Avg YoY Growth+22.9%
Median YoY Growth+23.5%
Stock-Based Comp at Other Companies
Frequently Asked Questions
- What is Blackstone's stock-based comp?
- Blackstone (BX) reported stock-based comp of $358.56M in Q4 2025.
- How has Blackstone's stock-based comp changed year-over-year?
- Blackstone's stock-based comp increased by 26.9% year-over-year, from $282.58M to $358.56M.
- What is the long-term trend for Blackstone's stock-based comp?
- Over 4 years (2021 to 2025), Blackstone's stock-based comp has grown at a 22.7% compound annual growth rate (CAGR), from $637.44M to $1.45B.
- What does stock-based comp mean?
- The value of company shares given to employees as part of their pay.