ES
MARKETS / NYSE / BX
NYSE · INVESTMENT ADVICE · LARGE CAP

Blackstone Inc. BX

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$14.5B
▲ 9.2% vs FY2024
Dividend streak
2 yrs
Raised every year since 2024
EPS · FY25
—
Dividend / sh · FY25
$4.69
Payout · FY25
199%
ROE · FY25
35.8%
Net margin · FY25
20.9%
Dividend coverage
0.8×
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Result
USD 14.5B
Revenue, FY2025 · full 18-year series below
Revenue Net income
8162414.53.02008201120142017202020232025
8162414.53.02016201920222025

21 cents of every revenue dollar became profit this year.

Per share
—
Diluted EPS, FY2025
EPS Dividend
2464.692008201120142017202020232025
2464.692016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
35.8%
Return on equity, FY2025
ROE
2040608035.8%2008201120142017202020232025
2040608035.8%2016201920222025
Operating margin49.6%
Net margin20.9%
Return on assets6.6%

Each USD of equity produced 36 cents of profit this year.

Returned to shareholders
USD 6.0B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 6.0B
Net buybacks—
Share of profit199.2%
Consecutive raises2 years

USD 6.0B in dividends — 199% of the year's profit, so the payout drew on cash built up earlier.

Growth
+18.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+19.3%
+18.8%
+12.0%
+10.8%
Net income
+20.0%
+23.6%
+15.6%
EPS, diluted
+17.9%
+20.9%
+14.0%
Dividend / share
−1.7%
+19.7%
+4.9%
+14.7%
Returned to shareholders
−2.7%
+20.3%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
—
Shares outstanding, FY2025
Change, 5 years+9.5%
Change, 10 years—

The share count grew 9% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 47.7B
total assets, end of FY2025
Total assetsUSD 47.7B
EquityUSD 8.7B
CashUSD 2.6B
Gross debtUSD 12.6B
Net debtUSD 9.9B

Net debt stands at 115% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
14.5
13.2
8.0
8.5
22.6
6.1
7.3
6.8
7.1
5.1
4.6
7.5
6.6
4.0
3.3
3.1
1.8
−0.3
Operating income $B
7.2
6.5
3.0
3.5
13.6
2.6
3.8
3.5
4.1
2.4
1.8
4.0
3.1
1.0
0.1
−0.5
·
·
EBITDA $B
7.3
6.6
3.1
3.5
13.6
2.7
3.8
3.5
4.1
2.4
1.8
4.0
3.2
1.0
0.1
−0.5
·
·
Income tax $B
1.1
1.0
0.5
0.5
1.2
0.4
−0.0
0.2
0.7
0.1
0.2
0.3
0.3
0.2
0.3
0.1
0.1
−0.0
Net income $B
3.0
2.8
1.4
1.7
5.9
1.0
2.0
1.5
1.5
1.0
0.7
1.6
1.2
0.2
−0.2
−0.4
−2.4
−5.6
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
4.69
3.45
3.32
4.94
3.57
1.91
1.92
2.42
2.32
1.66
2.90
1.92
1.18
0.52
0.62
0.60
·
·
Payout %
199
159
307
373
79
228
117
198
193
·
·
·
·
·
·
·
·
·
ROE %
35.8
36.9
19.2
20.5
72.9
15.3
30.6
24.2
·
·
·
·
·
·
·
·
·
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
33 of 33
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed