Blackstone Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $14.45B | $13.23B | $8.02B | $8.52B | $22.58B | $6.10B | $7.34B |
| Management and Advisory Fees Net | — | $8.08B | $7.19B | $6.67B | $6.30B | $5.17B | $4.09B | $3.47B |
| Performance Allocations | — | $4.31B | $3.83B | $532.2M | $1.95B | $14.33B | $1.72B | $2.87B |
| Incentive Fees | — | $978.2M | $964.2M | $695.2M | $525.1M | $254.0M | $138.7M | $129.9M |
| Principal Investment Income | — | $945.9M | $712.8M | $-299.3M | $-713.5M | $2.46B | $277.0M | $608.5M |
| Interest and Dividend Revenue | — | $416.1M | $411.2M | $516.5M | $271.6M | $160.6M | $125.2M | $182.4M |
| Other | — | $-270.9M | $123.7M | $-92.9M | $184.6M | $203.1M | $-253.1M | $80.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $1.52B | $1.36B | $1.12B | $1.09B | $917.8M | $711.8M | $679.4M |
| Operating Income | — | $7.68B | $6.90B | $3.39B | $3.78B | $13.76B | $2.78B | $4.02B |
| Operating Margin | — | 53.1% | 52.2% | 42.2% | 44.4% | 60.9% | 45.6% | 54.7% |
| Interest Expense | — | $508.3M | $443.7M | $431.9M | $317.2M | $198.3M | $166.2M | $199.6M |
| Pretax Income | — | $7.17B | $6.46B | $2.96B | $3.46B | $13.56B | $2.62B | $3.82B |
| Income Tax Expense | — | $1.13B | $1.02B | $513.5M | $472.9M | $1.18B | $356.0M | $-48.0M |
| Net Income | — | $3.02B | $2.78B | $1.39B | $1.75B | $5.86B | $1.05B | $2.05B |
| Net Margin | — | 20.9% | 21.0% | 17.3% | 20.5% | 25.9% | 17.1% | 27.9% |
| EPS (Basic) | — | $3.87 | $3.62 | $1.84 | $2.36 | $8.14 | $1.50 | $3.03 |
| EPS (Diluted) | — | $3.87 | $3.62 | $1.84 | $2.36 | $8.13 | $1.50 | $3.03 |
| Shares Outstanding (Basic) | 742.2M | 780.0M | 766.5M | 755.2M | 740.7M | 719.8M | 696.9M | 675.9M |
| Shares Outstanding (Diluted) | 742.2M | 780.2M | 766.6M | 755.4M | 740.9M | 720.1M | 697.3M | 676.2M |
| Dividends Per Share | — | $4.69 | $3.45 | $3.32 | $4.94 | $3.57 | $1.91 | $1.92 |