Blackstone Inc. income statement & cash flow
In the fiscal year ended Dec 31, 2025, Blackstone Inc. reported net income of $3.02B on revenue of $14.45B. Operating cash flow was $4.66B and capital expenditures were $115.70M, leaving $4.55B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.15B | $7.15B | $6.83B | $7.34B | $6.10B | $22.58B | $8.52B | $8.02B | $13.23B | $14.45B |
| Net income | $1.04B | $1.47B | $1.54B | $2.05B | $1.05B | $5.86B | $1.75B | $1.39B | $2.78B | $3.02B |
| Diluted EPS | $1.56 | $2.21 | $2.26 | $3.03 | $1.50 | $8.13 | $2.36 | $1.84 | $3.62 | $3.87 |
| Operating cash flow | −$88.59M | −$1.63B | $45.74M | $1.96B | $1.94B | $3.99B | $6.34B | $4.06B | $3.48B | $4.66B |
| Capital expenditures | $21.83M | $24.35M | $18.38M | $60.28M | $111.65M | $64.32M | $235.50M | $224.23M | $61.41M | $115.70M |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | — | 20.9% |
| Dec 2024 | — | — | 21.0% |
| Dec 2023 | — | — | 17.3% |
| Dec 2022 | — | — | 20.5% |
| Dec 2021 | — | — | 25.9% |
Source: SEC EDGAR XBRL company facts for CIK 1393818 (raw data). Most recent filing in this dataset: 10-Q filed Aug 7, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.