Blackstone Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Transaction-Based Revenues	9,054	8,153	7,366	6,828	5,425
Net Interest Income	416.09	411.16	516.5	271.61	160.64
Net Interest Income Growth	1.20%	-20.39%	90.16%	69.08%	28.28%
Other Revenues	4,980	4,666	139.91	1,418	16,992
Revenue	14,450	13,230	8,023	8,518	22,577
Revenue Growth (YoY)	9.22%	64.90%	-5.81%	-62.27%	270.00%
Cost of Revenue	5,670	5,014	3,432	3,563	8,361
Gross Profit	8,781	8,216	4,591	4,955	14,217
Selling, General & Admin	1,525	1,362	1,117	1,093	917.85
Operating Income	7,256	6,854	3,474	3,862	13,299
Interest Expense	-508.31	-443.69	-431.87	-317.23	-198.27
Other Non-Operating Income (Expense)	423.99	48.84	-84	-82.86	458.87
Total Non-Operating Income (Expense)	-84.33	-394.85	-515.87	-400.08	260.6
Pretax Income	7,172	6,459	2,958	3,462	13,559
Provision for Income Taxes	1,125	1,022	513.46	472.88	1,184
Net Income	3,019	2,777	1,391	1,748	5,857
Minority Interest in Earnings	3,027	2,661	1,053	1,241	6,518
Net Income to Common	3,019	2,777	1,391	1,748	5,857
Net Income Growth	8.74%	99.62%	-20.41%	-70.16%	460.32%
Shares Outstanding (Basic)	780	766	755	741	720
Shares Outstanding (Diluted)	780	767	755	741	720
Shares Change (YoY)	1.77%	1.49%	1.95%	2.89%	3.33%
EPS (Basic)	3.87	3.62	1.84	2.36	8.14
EPS (Diluted)	3.87	3.62	1.84	2.36	8.13
EPS Growth	6.91%	96.74%	-22.03%	-70.97%	442.00%
Free Cash Flow	4,547	3,420	3,833	6,101	3,922
Free Cash Flow Growth	32.96%	-10.76%	-37.18%	55.56%	114.97%
Free Cash Flow Per Share	5.83	4.46	5.07	8.23	5.45
Dividends Per Share	4.740	3.950	3.350	4.400	4.060
Dividend Growth	20.00%	17.91%	-23.86%	8.37%	79.65%
Gross Margin	60.76%	62.10%	57.22%	58.17%	62.97%
Operating Margin	50.21%	51.81%	43.30%	45.34%	58.90%
Profit Margin	41.84%	41.10%	30.47%	35.09%	54.81%
FCF Margin	31.47%	25.85%	47.77%	71.62%	17.37%
EBITDA	7,292	6,890	3,514	3,929	13,374
EBITDA Margin	50.46%	52.08%	43.80%	46.13%	59.24%
EBIT	7,256	6,854	3,474	3,862	13,299
EBIT Margin	50.21%	51.81%	43.30%	45.34%	58.90%
Effective Tax Rate	15.69%	15.82%	17.36%	13.66%	8.73%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.