Blackstone Inc.

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Latest revenue

$2.31B

as of 2026-03-31

Latest net income

$649.7M

as of 2026-03-31

Net margin

28.1%

as of 2026-03-31

Price · 5Y

▲ +8.7% / yr▼ 5.0 pts / yr vs S&P 500▲ 51.7% total

Compare:

Live market

delayed ≤15 min

$118.51

▼ 0.05%

Market cap: $88.04B
Enterprise value: $97.61B
P/E (trailing): 29.2×
Forward P/E: —
P/B: 10.49×
Dividend yield: 4.2%
52-wk high: $190.09
52-wk low: $101.73
Beta: —
Shares out: 742.9M

5-year trend

What this company does

Blackstone runs the world's largest alternative asset management platform, investing client capital across private equity, real estate, credit, and hedge fund strategies. It earns money primarily through management and advisory fees on assets under management, supplemented by performance allocations (carried interest) when funds exceed return hurdles. Nine-month revenue held flat near $10.1 billion as a sharp rebound in realized performance fees offset weaker unrealized marks, signaling Blackstone is harvesting gains from older vintages while navigating a slower mark-up environment.

Key risks

Performance fees turned volatile: Q3 2025 unrealized performance allocations swung to -$215.8M from +$1.15B prior year, dragging total revenue down 16% YoY.
EPS declined to $0.80 in Q3 2025 from $1.02 a year earlier (-22%), with net income to Blackstone falling to $625M despite higher management fees.
Leverage and affiliate exposure: $12.0B loans payable plus $5.85B due from affiliates against $8.4B stockholders' equity; interest expense up 13% YoY to $380M YTD.

Profitability

Net margin

20.9%

0.4%

Return on equity

34.8%

3.1%

Return on assets

6.3%

0.9%

Leverage

Debt / equity

4.51×

4.9%

Debt / assets

81.8%

0.9%

Earnings tracker

Quarter	Revenue	YoY	Net income	YoY	Net margin
Q1 2026 2026-03-31	$2.31B	+10.4%	$649.7M	+5.7%	28.1%
Q4 2025 2025-12-31	$7.87B	+6.9%	$1.02B	+44.2%	12.9%
Q3 2025 2025-09-30	$2.26B	+13.6%	$624.9M	-20.0%	27.7%
Q2 2025 2025-06-30	$2.23B	+12.9%	$764.2M	+72.0%	34.3%
Q1 2025 2025-03-31	$2.10B	+9.9%	$614.9M	-27.4%	29.3%
Q4 2024 2024-12-31	$7.36B	—	$703.9M	—	9.6%
Q3 2024 2024-09-30	$1.99B	+9.5%	$780.8M	+41.5%	39.3%
Q2 2024 2024-06-30	$1.98B	+6.1%	$444.4M	-26.1%	22.5%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Investment Advice · SIC 6282

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Insider activity

Insider buying

$724.0M

Insider selling

$3.36B

Net activity

−$2.63B

Distinct insiders

Open-market trades over the last 365 days.

Recent transactions

Include grants & vests

Date	Insider	Type	Shares	Price	Value
2026-05-15	Blackstone Treasury Holdings III L.L.C. / Blackstone Holdings III L.P. / Blackstone Holdings III GP L.P. / Blackstone Holdings III GP Management L.L.C. / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Purchase	375,000	$20.00	$7.5M
2026-05-15	Blackstone Treasury Holdings III L.L.C. / Blackstone Holdings III L.P. / Blackstone Holdings III GP L.P. / Blackstone Holdings III GP Management L.L.C. / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Purchase	9,111,795	$20.00	$182.2M
2026-05-11	Ruth Porat Director	Purchase	126	$122.77	$15.4K
2026-05-11	Ruth Porat Director	Purchase	229	$123.19	$28.3K
2026-05-11	Ruth Porat Director	Purchase	84	$122.77	$10.3K
2026-05-01	Vikrant Sawhney Chief Administrative Officer	Sale	16,965	$125.55	$2.1M
2026-05-01	Vikrant Sawhney Chief Administrative Officer	Sale	13,049	$126.11	$1.6M
2026-04-09	Blackstone EMA III L.L.C. / BMA VIII L.L.C. / Blackstone Holdings II L.P. / Blackstone Holdings I/II GP L.L.C. / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Sale	9,528,699	$54.00	$514.5M
2026-04-09	Blackstone EMA III L.L.C. / BMA VIII L.L.C. / Blackstone Holdings II L.P. / Blackstone Holdings I/II GP L.L.C. / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Sale	5,865,413	$54.00	$316.7M
2026-03-20	Blackstone Holdings IV GP Management (Delaware) L.P. / Blackstone Holdings IV GP Management L.L.C. / Blackstone Private Multi-Asset Credit & Income Fund / Blackstone Holdings I L.P. / Blackstone Holdings I/II GP L.L.C. / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Purchase	1,912,046	$26.15	$50.0M
2026-03-20	Blackstone Holdings IV GP Management (Delaware) L.P. / Blackstone Holdings IV GP Management L.L.C. / Blackstone Private Multi-Asset Credit & Income Fund / Blackstone Holdings I L.P. / Blackstone Holdings I/II GP L.L.C. / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Purchase	956,023	$26.15	$25.0M
2026-03-10	BCP 8 Holdings Mozart Manager L.L.C. / BMA VIII L.L.C. / Blackstone Holdings II L.P. / Blackstone Holdings I/II GP L.L.C. / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Sale	16,479,083	$40.51	$667.5M
2026-03-10	BCP 8 Holdings Mozart Manager L.L.C. / BMA VIII L.L.C. / Blackstone Holdings II L.P. / Blackstone Holdings I/II GP L.L.C. / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Sale	8,241,723	$40.51	$333.9M
2026-03-10	BCP 8 Holdings Mozart Manager L.L.C. / BMA VIII L.L.C. / Blackstone Holdings II L.P. / Blackstone Holdings I/II GP L.L.C. / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Sale	1,886,636	$40.51	$76.4M
2026-03-10	BCP 8 Holdings Mozart Manager L.L.C. / BMA VIII L.L.C. / Blackstone Holdings II L.P. / Blackstone Holdings I/II GP L.L.C. / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Sale	1,245,544	$40.51	$50.5M
2026-02-27	Blackstone Tactical Opportunities Fund - U - NQ L.L.C. / Blackstone Tactical Opportunities Fund - T - NQ L.P. / Blackstone Tactical Opportunities Fund II - C - NQ L.P. / BTAS NQ Holdings L.L.C. / BTAS Associates-NQ L.L.C. / Blackstone Family Tactical Opportunities Investment Partnership SMD L.P. / BLACKSTONE FAMILY GP LLC / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Sale	385,855	$10.00	$3.9M
2026-02-27	Blackstone Tactical Opportunities Fund - U - NQ L.L.C. / Blackstone Tactical Opportunities Fund - T - NQ L.P. / Blackstone Tactical Opportunities Fund II - C - NQ L.P. / BTAS NQ Holdings L.L.C. / BTAS Associates-NQ L.L.C. / Blackstone Family Tactical Opportunities Investment Partnership SMD L.P. / BLACKSTONE FAMILY GP LLC / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Sale	2,161	$10.00	$21.6K
2026-02-27	Blackstone Tactical Opportunities Fund - U - NQ L.L.C. / Blackstone Tactical Opportunities Fund - T - NQ L.P. / Blackstone Tactical Opportunities Fund II - C - NQ L.P. / BTAS NQ Holdings L.L.C. / BTAS Associates-NQ L.L.C. / Blackstone Family Tactical Opportunities Investment Partnership SMD L.P. / BLACKSTONE FAMILY GP LLC / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Sale	1,208,126	$10.00	$12.1M
2026-02-27	Blackstone Tactical Opportunities Fund - U - NQ L.L.C. / Blackstone Tactical Opportunities Fund - T - NQ L.P. / Blackstone Tactical Opportunities Fund II - C - NQ L.P. / BTAS NQ Holdings L.L.C. / BTAS Associates-NQ L.L.C. / Blackstone Family Tactical Opportunities Investment Partnership SMD L.P. / BLACKSTONE FAMILY GP LLC / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Sale	1	$0.00	$0
2026-02-27	Blackstone Tactical Opportunities Fund - U - NQ L.L.C. / Blackstone Tactical Opportunities Fund - T - NQ L.P. / Blackstone Tactical Opportunities Fund II - C - NQ L.P. / BTAS NQ Holdings L.L.C. / BTAS Associates-NQ L.L.C. / Blackstone Family Tactical Opportunities Investment Partnership SMD L.P. / BLACKSTONE FAMILY GP LLC / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Salederiv.	2,404,961	$10.00	$24.0M
2026-02-27	Blackstone Tactical Opportunities Fund - U - NQ L.L.C. / Blackstone Tactical Opportunities Fund - T - NQ L.P. / Blackstone Tactical Opportunities Fund II - C - NQ L.P. / BTAS NQ Holdings L.L.C. / BTAS Associates-NQ L.L.C. / Blackstone Family Tactical Opportunities Investment Partnership SMD L.P. / BLACKSTONE FAMILY GP LLC / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Salederiv.	13,805	$10.00	$138.1K
2026-02-23	Blackstone Holdings IV GP Management (Delaware) L.P. / Blackstone Holdings IV GP Management L.L.C. / Blackstone Private Multi-Asset Credit & Income Fund / Blackstone Holdings I L.P. / Blackstone Holdings I/II GP L.L.C. / Blackstone Inc. / Blackstone Group Management L.L.C. / Stephen A Schwarzman 10%+ owner	Purchase	191,131	$26.16	$5.0M

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns BX

Institutional value

$18.46B

Total shares held

162.4M

Distinct holders

734

As of

2026-03-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#	Manager	Shares	Value	QoQ change	Action
1	VANGUARD CAPITAL MANAGEMENT LLC	48.3M	$5.56B	—	New
2	VANGUARD PORTFOLIO MANAGEMENT LLC	16.0M	$1.84B	—	New
3	UBS Group AG	7.5M	$858.2M	—	New
4	WELLS FARGO & COMPANY/MN	5.6M	$640.1M	—	New
5	Legal & General Group Plc	4.9M	$562.3M	—	New
6	Bank of New York Mellon Corp	4.5M	$519.9M	—	New
7	VANGUARD FIDUCIARY TRUST CO	4.3M	$495.6M	—	New
8	CIBC Bancorp USA Inc.	4.0M	$464.8M	—	New
9	Invesco Ltd.	3.1M	$357.8M	—	New
10	DEUTSCHE BANK AG\	2.7M	$314.6M	—	New
11	HighTower Advisors, LLC	2.4M	$274.1M	—	New
12	BECK MACK & OLIVER LLC	2.3M	$259.8M	—	New
13	Nuveen, LLC	2.0M	$234.2M	—	New
14	STIFEL FINANCIAL CORP	1.9M	$224.1M	—	New
15	Mitsubishi UFJ Asset Management Co., Ltd.	1.7M	$193.9M	—	New
16	HSBC HOLDINGS PLC	1.7M	$191.7M	—	New
17	Vanguard Global Advisers, LLC	1.6M	$188.3M	—	New
18	Sumitomo Mitsui Trust Group, Inc.	1.6M	$185.5M	—	New
19	National Pension Service	1.6M	$184.1M	—	New
20	DIMENSIONAL FUND ADVISORS LP	1.5M	$177.0M	—	New

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Blackstone Inc.

Price · 5Y

Live market

5-year trend

What this company does

Key risks

Profitability

Leverage

Earnings tracker

Industry trend

Your notes

Insider activity

Recent transactions

Who owns BX

Top institutional holders

Top questions investors are asking