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Expected Future Payments Under Tax Receivable Agreements

Blackstone Expected Future Payments Under Tax Receivable Agreements increased by 5.0% to $2.10B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 23.5%, from $1.70B to $2.10B. Over 4 years (FY 2020 to FY 2024), Expected Future Payments Under Tax Receivable Agreements shows an upward trend with a 20.4% CAGR.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ1 2019
Last reportedQ3 2025

How to read this metric

A decrease suggests the firm is nearing the end of its tax-sharing obligations or that projected tax savings have declined.

Detailed definition

This represents the total projected cash outflows required to satisfy obligations under Tax Receivable Agreements over t...

Peer comparison

Found in companies with legacy tax-sharing agreements, often disclosed in long-term liability notes.

Metric ID: other_expected_future_payments_under_tax_receivable_agreements

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$951.60M$1.10B$1.60B$1.50B$1.60B$1.60B$1.60B$1.60B$1.60B$1.60B$1.70B$1.60B$1.70B$1.70B$1.80B$2.00B$2.00B$2.10B
QoQ Change+15.6%+45.5%-6.3%+6.7%+0.0%+0.0%+0.0%+0.0%+0.0%+6.3%-5.9%+6.3%+0.0%+5.9%+11.1%+0.0%+5.0%
YoY Change+68.1%+45.5%+0.0%+6.7%+0.0%+0.0%+6.3%+0.0%+6.3%+6.3%+5.9%+25.0%+17.6%+23.5%
Range$951.60M$2.10B
CAGR+20.5%
Avg YoY Growth+15.1%
Median YoY Growth+6.3%
Current Streak6 quarters growth

Frequently Asked Questions

What is Blackstone's expected future payments under tax receivable agreements?
Blackstone (BX) reported expected future payments under tax receivable agreements of $2.10B in Q3 2025.
How has Blackstone's expected future payments under tax receivable agreements changed year-over-year?
Blackstone's expected future payments under tax receivable agreements increased by 23.5% year-over-year, from $1.70B to $2.10B.
What is the long-term trend for Blackstone's expected future payments under tax receivable agreements?
Over 4 years (2020 to 2024), Blackstone's expected future payments under tax receivable agreements has grown at a 20.4% compound annual growth rate (CAGR), from $857.50M to $1.80B.
What does expected future payments under tax receivable agreements mean?
The total estimated future cash payments the firm expects to make to satisfy tax-sharing obligations.