Blackstone Inc. (BX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 4.04B | 2.81B | 2.69B | 3.58B | 2.83B | 2.7B | 2.89B | 2.29B | 3.05B | 1.11B | 2.14B | 2.46B | 1.3B | 1.52B | 974.09M | 760.52M | 3.88B | 4.23B | 4.46B | 3.86B |
| Gross Margin % | 98.53% | 64.47% | 95.51% | 96.34% | 95.99% | 95.9% | 96.29% | 95.48% | 96.57% | 91.05% | 95.08% | 95.8% | 92.57% | 93.8% | 92.37% | 91.61% | 98.31% | 98.68% | 98.84% | 98.87% |
| Gross Profit Growth % | 43.01% | 4.02% | -6.95% | 55.95% | -7.28% | 144.41% | 35.15% | -6.92% | 134.19% | -27.18% | 119.25% | 223.93% | -66.45% | -64.14% | -78.15% | -80.31% | -5.33% | 52.14% | 82.46% | 81.04% |
| Operating Expenses | 2.45B | 447.78M | 1.24B | 1.66B | 1.37B | 1.14B | 1.08B | 1.08B | 1.17B | 950.72M | 1.02B | 1.04B | 1.04B | 916.33M | 876.16M | 979.75M | 898.61M | 856.62M | 792.77M | 716.33M |
| OpEx % of Revenue | 59.72% | 10.27% | 44.07% | 44.73% | 46.66% | 40.5% | 35.91% | 45.16% | 37.02% | 78.28% | 45.34% | 40.31% | 74.2% | 56.6% | 83.08% | 118.02% | 22.77% | 19.96% | 17.58% | 18.34% |
| Selling, General & Admin | 0 | 447.78M | 393.64M | 360.82M | 344.48M | 345.38M | 344.42M | 317.89M | 373.9M | 289.76M | 318.12M | 306.62M | 321.79M | 310.87M | 275.89M | 293.72M | 242.87M | 312.63M | 219.25M | 208.83M |
| SG&A % of Revenue | - | 10.27% | 14% | 9.72% | 11.7% | 12.26% | 11.49% | 13.24% | 11.85% | 23.86% | 14.16% | 11.92% | 22.89% | 19.2% | 26.16% | 35.38% | 6.15% | 7.29% | 4.86% | 5.35% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 1.59B | 2.36B | 1.45B | 1.92B | 1.45B | 1.56B | 1.81B | 1.21B | 1.88B | 155.08M | 1.12B | 1.43B | 258.36M | 602.2M | 97.93M | -219.23M | 2.98B | 3.38B | 3.66B | 3.15B |
| Operating Margin % | 38.81% | 54.2% | 51.44% | 51.61% | 49.33% | 55.4% | 60.38% | 50.32% | 59.55% | 12.77% | 49.74% | 55.49% | 18.37% | 37.2% | 9.29% | -26.41% | 75.54% | 78.72% | 81.26% | 80.53% |
| Operating Income Growth % | 9.6% | 51.38% | -20.08% | 58.5% | -22.72% | 906.76% | 61.99% | -15.3% | 627.54% | -74.25% | 1040.91% | 750.9% | -91.33% | -82.17% | -97.33% | -106.97% | -11.56% | 62.37% | 103.48% | 109.47% |
| EBITDA | 1.62B | 2.37B | 1.46B | 1.92B | 1.46B | 1.57B | 1.82B | 1.22B | 1.89B | 164.08M | 1.13B | 1.44B | 271.35M | 617M | 112.82M | -200.53M | 3B | 3.4B | 3.68B | 3.16B |
| EBITDA Margin % | 39.45% | 54.41% | 51.76% | 51.85% | 49.64% | 55.72% | 60.68% | 50.7% | 59.83% | 13.51% | 50.14% | 55.84% | 19.3% | 38.11% | 10.7% | -24.16% | 76.01% | 79.16% | 81.67% | 81.01% |
| EBITDA Growth % | 10.72% | 51.08% | -19.98% | 58.07% | -22.61% | 857.02% | 61.49% | -15.21% | 596.01% | -73.41% | 898.3% | 816.11% | -90.95% | -81.84% | -96.94% | -106.34% | -11.5% | 61.88% | 102.52% | 108.25% |
| D&A (Non-Cash Add-back) | 26.14M | 8.97M | 8.97M | 8.97M | 8.97M | 9.02M | 8.98M | 8.98M | 8.98M | 9M | 9.01M | 9.07M | 13M | 14.81M | 14.89M | 18.7M | 18.7M | 18.7M | 18.7M | 18.7M |
| EBIT | 1.59B | 2.36B | 1.45B | 1.92B | 1.45B | 1.56B | 1.81B | 1.21B | 1.88B | 155.08M | 1.12B | 1.43B | 258.36M | 602.2M | 97.93M | -219.23M | 2.98B | 3.38B | 3.66B | 3.15B |
| Net Interest Income | -29.11M | -17.34M | -18.75M | -35.43M | -20.7M | -16.98M | -1.56M | -3.62M | -10.36M | 59.64M | -1.47M | 40.41M | -13.96M | 2.3M | -28.09M | -7.57M | -12.26M | 6.62M | -17.36M | -13.3M |
| Interest Income | 107.94M | 110.75M | 107.54M | 100.39M | 97.42M | 98.55M | 109.77M | 105M | 97.84M | 168.37M | 109.13M | 148.5M | 90.48M | 102.63M | 52.42M | 62.08M | 54.48M | 63.17M | 35.05M | 31.02M |
| Interest Expense | 137.05M | 128.09M | 126.29M | 135.82M | 118.11M | 115.53M | 111.34M | 108.62M | 108.2M | 108.73M | 110.6M | 108.1M | 104.44M | 100.33M | 80.51M | 69.64M | 66.75M | 56.55M | 52.41M | 44.32M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 1.46B | 2.36B | 1.45B | 1.92B | 1.45B | 1.56B | 1.81B | 1.21B | 1.88B | 155.08M | 1.12B | 1.43B | 258.36M | 602.2M | 97.93M | -219.23M | 2.98B | 3.38B | 3.66B | 3.15B |
| Pretax Margin % | 35.47% | 54.05% | 51.44% | 51.61% | 49.33% | 55.4% | 60.38% | 50.32% | 59.55% | 12.77% | 49.74% | 55.49% | 18.37% | 37.2% | 9.29% | -26.41% | 75.54% | 78.72% | 81.26% | 80.53% |
| Income Tax | 197.15M | 382.05M | 209.66M | 289.49M | 243.83M | 232.45M | 245.3M | 260.25M | 283.67M | 45.96M | 196.56M | 223.27M | 47.67M | -141.15M | 94.23M | 36.51M | 483.28M | 437.69M | 458.9M | 288.25M |
| Effective Tax Rate % | 13.55% | 16.21% | 14.49% | 15.11% | 16.79% | 14.89% | 13.55% | 21.53% | 15.09% | 29.63% | 17.59% | 15.65% | 18.45% | -23.44% | 96.22% | -16.66% | 16.21% | 12.96% | 12.52% | 9.16% |
| Net Income | 649.73M | 1.02B | 624.92M | 764.24M | 614.85M | 703.87M | 780.84M | 444.41M | 847.39M | 151.8M | 551.99M | 601.27M | 85.81M | 557.85M | 2.3M | -29.39M | 1.22B | 1.4B | 1.4B | 1.31B |
| Net Margin % | 15.84% | 23.28% | 22.22% | 20.59% | 20.88% | 24.98% | 26.05% | 18.5% | 26.85% | 12.5% | 24.57% | 23.38% | 6.1% | 34.46% | 0.22% | -3.54% | 30.84% | 32.59% | 31.08% | 33.51% |
| Net Income Growth % | 5.67% | 44.23% | -19.97% | 71.97% | -27.44% | 363.68% | 41.46% | -26.09% | 887.49% | -72.79% | 23941.55% | 2145.64% | -92.95% | -60.11% | -99.84% | -102.25% | -30.38% | 86.75% | 76.4% | 130.38% |
| Net Income (Continuing) | 1.26B | 1.97B | 1.24B | 1.63B | 1.21B | 1.33B | 1.56B | 948.36M | 1.6B | 109.12M | 920.74M | 1.2B | 210.68M | 743.34M | 3.7M | -255.75M | 2.5B | 2.94B | 3.21B | 2.86B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 13.05B | 13.22B | 12.97B | 12.73B | 11.89B | 11.28B | 12.46B | 11.84B | 11.52B | 11.26B | 11.68B | 11.87B | 11.62B | 12.03B | 12.15B | 12.7B | 12.58B | 12.28B | 11.82B | 10.14B |
| EPS (Diluted) | 0.83 | 1.30 | 0.80 | 0.98 | 0.80 | 0.92 | 1.02 | 0.58 | 1.11 | 0.20 | 0.73 | 0.79 | 0.11 | 0.75 | 0.00 | -0.04 | 1.58 | 1.91 | 1.94 | 1.82 |
| EPS Growth % | 3.75% | 41.3% | -21.57% | 68.97% | -27.93% | 360% | 39.73% | -26.58% | 909.09% | -73.33% | - | 1999.04% | -93.04% | -60.73% | -99.84% | -102.29% | -35.77% | 80.19% | 71.68% | 124.69% |
| EPS (Basic) | 0.83 | 1.30 | 0.80 | 0.98 | 0.80 | 0.92 | 1.02 | 0.58 | 1.12 | 0.20 | 0.73 | 0.79 | 0.12 | 0.75 | 0.00 | -0.04 | 1.58 | 1.91 | 1.94 | 1.82 |
| Diluted Shares Outstanding | 783.63M | 780.92M | 782.4M | 782.4M | 772.43M | 768.77M | 768.28M | 769.23M | 760.26M | 758.28M | 758.05M | 758.55M | 746.64M | 742.93M | 742.5M | 707.38M | 734.97M | 726.45M | 722.43M | 721.27M |
| Basic Shares Outstanding | 783.36M | 780.92M | 782.39M | 782.39M | 771.8M | 768.69M | 768.23M | 769.19M | 759.8M | 758.15M | 757.96M | 758.48M | 746.06M | 742.74M | 742.35M | 707.38M | 734.33M | 726.45M | 722.23M | 721.14M |
| Dividend Payout Ratio | 295.19% | 157.36% | 214.72% | 159.04% | 302.27% | 154.63% | 137.19% | 244.83% | 138.84% | 684.66% | 188.23% | 175.09% | 1325.39% | 212.94% | 74441.2% | - | 160.91% | 100.03% | 66% | 78.16% |