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
Interest and Dividend Income	416.09	411.16	516.5	271.61	160.64
Total Interest Expense	508.31	443.69	431.87	317.23	198.27
Net Interest Income	-92.22	-32.53	84.63	-45.61	-37.63
Trading & Principal Transactions	945.94	712.85	-299.33	-713.52	2,460
Asset Management Fee	9,054	8,153	7,366	6,828	5,425
Gain on Sale of Investments (Rev)	4,305	3,829	532.17	1,947	14,329
Revenue	14,213	12,663	7,684	8,016	22,176
Revenue Growth (YoY)	12.24%	64.79%	-4.14%	-63.85%	258.31%
Salaries & Employee Benefits	5,621	4,994	3,313	3,532	8,350
Cost of Services Provided	1,574	1,382	1,236	1,123	928.22
Total Operating Expenses	7,194	6,376	4,549	4,656	9,278
Operating Income	7,019	6,287	3,135	3,360	12,897
Currency Exchange Gains	-	122.3	-94.7	182.9	200.6
Other Non-Operating Income (Expenses)	153.12	50.23	-25.43	23.94	461.35
EBT Excluding Unusual Items	7,172	6,459	3,015	3,567	13,559
Gain (Loss) on Sale of Investments	-	-	-56.8	-105.14	-
Pretax Income	7,172	6,459	2,958	3,462	13,559
Income Tax Expense	1,125	1,022	513.46	472.88	1,184
Earnings From Continuing Ops.	6,047	5,438	2,444	2,989	12,375
Minority Interest in Earnings	-3,027	-2,661	-1,053	-1,241	-6,518
Net Income	3,019	2,777	1,391	1,748	5,857
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%	2.30%
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%	-22.02%	-70.98%	447.48%
Free Cash Flow	-	3,420	3,833	6,101	3,922
Free Cash Flow Per Share	-	4.46	5.07	8.23	5.45
Dividend Per Share	4.740	3.950	3.350	4.400	4.060
Dividend Growth	20.00%	17.91%	-23.86%	8.37%	79.65%
Operating Margin	49.38%	49.65%	40.79%	41.92%	58.16%
Profit Margin	21.24%	21.93%	18.10%	21.80%	26.41%
Free Cash Flow Margin	-	27.01%	49.88%	76.11%	17.68%
Effective Tax Rate	15.69%	15.82%	17.36%	13.66%	8.73%
Revenue as Reported	14,450	13,230	8,023	8,518	22,577

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.