Blackstone Inc.

Investment advice

Last filing · Quarter 2 · Jun 30, 2026

36 more quarters with Pro

Blackstone Inc. back to 2010, every line as filed.

USD ($) $ in Thousands	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Sep 30, 2024	Mar 31, 2024	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Sep 30, 2022	Jun 30, 2022
Operating Activities
Operating Activities
Net Income	$ 2,356,066	$ 1,257,907	$ 1,236,925	$ 1,626,133	$ 1,208,774	$ 1,564,637	$ 1,595,983	$ 920,742	$ 1,203,707	$ 210,681	$ 3,700	$ (255,746)
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Blackstone Funds Related
Unrealized (Appreciation) Depreciation on Investments Allocable to Non-Controlling Interests in Consolidated Entities	-	-	-	-	-	-	-	-	-	-	-	-
Net Realized Gains on Investments	(1,502,879)	(1,434,843)	(1,158,754)	(943,754)	(962,050)	-	(849,072)	(675,417)	(571,101)	(924,643)	(886,799)	(2,828,599)
Changes in Unrealized Gains on Investments	(524,566)	317,115	169,964	(444,354)	(188,532)	-	(496,568)	(50,189)	(222,048)	508,398	1,100,671	713,866
Non-Cash Performance Allocations	(587,140)	(283,452)	215,818	(313,283)	(263,201)	-	(446,065)	63,194	(114,385)	759,212	771,637	3,467,668
Non-Cash Performance Allocations and Incentive Fee Compensation	851,110	577,518	384,861	550,757	402,478	-	513,205	241,912	323,358	46,827	(8,118)	(307,821)
Changes in Unrealized Losses on Investments Allocable to The Blackstone Group L.P.	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized Depreciation (Appreciation) on Hedge Activities	-	-	-	-	-	-	-	-	-	-	-	-
Non-Cash Performance Fees	-	-	-	-	-	-	-	-	-	-	-	-
Non-Cash Performance Fee Compensation	-	-	-	-	-	-	-	-	-	-	-	-
Non-Cash Performance Fees and Allocations	-	-	-	-	-	-	-	-	-	-	-	-
Non-Cash Performance Fee Related Compensation	-	-	-	-	-	-	-	-	-	-	-	-
Equity-Based Compensation Expense	3,546	560,862	3,033	3,124	471,089	264,200	320,653	2,600	2,604	277,431	2,066	2,108
Excess Tax Benefits Related to Equity-Based Compensation	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Intangibles	90	9,035	90	90	8,975	9,000	8,981	90	91	12,996	149	187
Other Non-Cash Amounts Included in Net Income	(61,794)	(201,230)	(104,139)	151,923	(15,888)	-	(121,452)	(261,473)	(81,739)	(348,203)	(405,699)	(302,226)
Cash Flows Due to Changes in Operating Assets and Liabilities
Cash Acquired with Consolidation of Fund Entities	-	830	-	-	-	-	-	-	-	-	-	-
Cash Relinquished with Deconsolidation of Fund Entities	(12,908)	(38)	-	-	(65,803)	-	(113,224)	-	-	(113,588)	-	-
Cash Acquired with Consolidation of Fund Entities	-	-	-	-	-	-	-	-	-	-	-	31,791
Cash Held by Blackstone Funds and Other	-	-	-	-	-	-	-	-	-	-	-	-
Cash Relinquished with Deconsolidation and Liquidation of Partnership	-	-	-	-	-	-	-	-	-	-	-	-
Accounts Receivable	(35,664)	(366,998)	(260,369)	(78,496)	(38,821)	-	(18,097)	80,694	153,544	(470,691)	(72,635)	(287,795)
Reverse Repurchase Agreements	-	-	-	-	-	-	-	-	-	-	-	-
Due from Affiliates	237,663	238,420	(253,154)	(67,857)	309,497	-	(73,889)	32,353	(82,831)	151,635	(182,460)	121,615
Other Assets	39,981	154,786	(37,570)	72,045	46,638	-	(134,866)	(22,730)	(34,282)	12,284	(58,818)	(202,537)
Accrued Compensation and Benefits	(244,181)	(709,726)	(108,780)	(256,466)	(449,351)	-	(437,344)	33,492	(60,067)	(483,939)	(30,100)	(452,976)
Securities Sold, Not Yet Purchased	-	-	-	-	-	-	-	-	1	(3)	2	12
Accounts Payable, Accrued Expenses and Other Liabilities	(10,452)	176,546	482,608	(123,681)	100,481	-	308,133	77,446	(223,401)	233,965	164,138	(66,717)
Repurchase Agreements	-	-	-	-	-	-	-	-	(1,300)	(70,381)	160,610	75,239
Due to Affiliates	35,180	(24,181)	9,805	(662,801)	512,648	-	(150,230)	13,420	47,901	(65,276)	18,378	52,460
Treasury Cash Management Strategies
Investments Purchased	(507,503)	(910,198)	(647,660)	(809,535)	(1,541,852)	-	(459,464)	(839,529)	(468,401)	(1,130,045)	(1,421,884)	(1,587,813)
Cash Proceeds from Sale of Investments	1,544,848	1,628,693	1,355,798	1,866,542	1,574,136	-	1,493,162	1,128,324	1,587,204	1,746,068	1,608,825	3,489,787
Net Cash Provided by Operating Activities	1,941,404	991,046	1,597,645	888,503	1,109,218	-	939,846	1,082,914	1,725,576	352,728	982,926	1,889,691
Blackstone Funds Related
Investments Purchased	-	-	-	-	-	-	-	-	-	-	-	-
Cash Proceeds from Sale or Pay Down of Investments	-	-	-	-	-	-	-	-	-	-	-	-
Investing Activities
Purchase of Furniture, Equipment and Leasehold Improvements	(31,963)	(33,409)	(23,929)	(40,146)	(29,278)	-	(17,756)	(62,668)	(60,679)	(69,557)	(85,387)	(45,244)
Net Cash Paid for Acquisitions, Net of Cash Acquired	-	-	-	-	-	-	0	-	(7)	(5,413)	-	-
Net Cash Used in Investing Activities	(31,963)	(33,409)	(23,929)	(40,146)	(29,278)	-	(17,756)	(62,668)	(60,686)	(74,970)	(85,387)	(45,244)
Changes in Restricted Cash	-	-	-	-	-	-	-	-	-	-	-	-
Financing Activities
Distributions to Non-Controlling Interest Holders in Consolidated Entities	(483,024)	(356,296)	(318,177)	(229,280)	(252,572)	-	(258,400)	(346,329)	(234,101)	(215,124)	(163,918)	(521,192)
Contributions from Non-Controlling Interest Holders in Consolidated Entities	275,116	458,136	496,552	414,339	1,430,763	-	165,253	199,734	218,156	173,657	445,759	362,380
Purchase of Interests from Certain Non-Controlling Interest Holders	-	-	-	-	-	-	-	-	-	-	-	-
Payments Under Tax Receivable Agreement	-	(63,820)	-	-	(43,954)	-	(87,508)	-	-	(64,634)	-	-
Net Settlement of Vested Common Stock and Repurchase of Common Stock	(42,211)	(66,347)	-	-	(100,126)	-	(136,368)	(175,169)	(91,131)	(108,101)	(227,060)	(202,638)
Net Settlement of Vested Common Stock and Repurchase of Common Stock	-	-	(126,050)	(135,363)	-	-	-	-	-	-	-	-
Distributions to Unitholders	-	-	-	-	-	-	-	-	-	-	-	-
Blackstone Funds Related
Proceeds from Loans Payable	737,859	900,000	202,173	-	1,024,556	-	0	-	(78)	78	30,114	524,506
Net Settlement of Vested Common Units and Repurchase of Common and Holdings Units	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Loans Payable	-	-	-	-	-	-	-	-	-	-	-	-
Repayment and Repurchase of Loans Payable	(803,632)	(47,686)	(200,000)	(645,467)	(60,895)	-	(22,451)	(39,762)	(29,698)	(400,000)	-	-
Dividends/Distributions to Stockholders and Unitholders	(1,528,904)	(1,917,928)	(1,341,824)	(1,215,471)	(1,858,537)	-	(1,176,535)	(1,039,046)	(1,052,741)	(1,137,340)	(1,709,170)	(1,663,668)
Excess Tax Benefits Related to Equity-Based Compensation	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of Loans Payable	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used in Financing Activities	(1,844,796)	(1,093,941)	(1,287,326)	(1,711,116)	139,235	-	(1,516,009)	(1,400,572)	(1,189,593)	(1,751,464)	(1,624,275)	(1,500,612)
Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other	(1,782)	(7,938)	(3,591)	12,271	4,570	-	(5,962)	(5,527)	(942)	1,284	(11,559)	(10,394)
Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other
Net Increase (Decrease)	62,863	(144,242)	282,799	(850,488)	1,223,745	-	(599,881)	(385,853)	474,355	(1,472,422)	(738,295)	333,441
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-	-	-	-	-	-	-	-	-	-	-
Net Decrease in Cash and Cash Equivalents	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental Disclosure of Cash Flows Information
Payments for Interest	157,230	104,084	101,425	152,380	96,057	-	76,486	75,712	117,717	99,096	97,240	48,731
Payments for Income Taxes	65,278	76,016	55,710	232,459	64,535	-	172,346	129,877	277,150	53,504	105,001	457,742
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Non-Cash Contributions from Non-Controlling Interest Holders	4,427	4,567	4,098	4,113	4,186	-	2,477	7,325	8,794	2,447	4,134	6,049
Non-Cash Distributions to Non-Controlling Interest Holders	(4,601)	(4,640)	(3,173)	(5,585)	(3,966)	-	4,530	(34,371)	(11,421)	(61,440)	-	-
Notes Issuance Costs	-	-	-	-	-	-	-	-	-	0	-	4,197
Net Assets Related to the Consolidation of a Fund Entity	-	-	-	-	-	-	-	-	-	-	-	-
Net Activities Related to Capital Transactions of Consolidated Blackstone Funds	-	-	-	-	-	-	-	-	-	-	-	-
Net Assets Related to the Consolidation of CLO Vehicles	-	-	-	-	-	-	-	-	-	-	-	-
Net Assets Related to the Consolidation of Certain Fund Entities	-	-	-	-	-	-	-	-	-	-	-	-
In-kind Redemption of Capital	-	-	-	-	-	-	-	-	-	-	-	-
Net Assets Related to the Consolidation of CDO and CLO Vehicles	-	-	-	-	-	-	-	-	-	-	-	-
In-kind Contribution of Capital	-	-	-	-	-	-	-	-	-	-	-	-
Net Activities Related to Capital Transactions of Consolidated Blackstone Funds	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of Interests to Non-Controlling Interest Holders	(16,460)	(26,153)	(252)	(1,481)	3,107	-	(6,864)	(277)	(450)	(2,345)	12,508	78
Change in Blackstone Inc.'s Ownership Interest	-	-	-	-	-	-	(9,891)	(12,858)	1,918	(4,927)	80	9,247
Net Settlement of Vested Common Stock	267,204	334,203	680,729	162,216	418,449	-	251,422	349,678	76,375	191,144	164,999	68,890
Deferred Tax Asset Increase from Equity Transactions	28,673	49,127	-	-	-	-	-	-	-	-	-	-
Net Settlement of Vested Common Units	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Blackstone Holdings Units to Common Stock	-	-	-	-	-	-	10,537	15,944	13,063	15,581	20,875	11,269
Acquisition of Ownership Interests from Non-Controlling Interest Holders
Exchange of Founders' and Non-Controlling Interest Holders' Interests in Blackstone Holdings:
Deferred Tax Asset Increase (Decrease) from Equity Transactions	-	-	-	-	212,113	-	(37,832)	(39,847)	(25,288)	(33,492)	(44,274)	(25,170)
Due to Affiliates Increase (Decrease) Related to the Impact of Conversions on Tax Receivable Agreements	-	-	-	-	168,980	-	30,263	36,909	23,370	31,491	38,712	20,913
Partners' Capital	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of Common Units	-	-	-	-	-	-	-	-	-	-	-	-
Equity	-	-	-	-	-	-	7,569	2,938	1,918	2,001	5,562	4,257
Deferred Tax Asset Increase from Equity Transactions	-	-	122,056	255,309	-	-	-	-	-	-	-	-
Due to Affiliates Increase Related to the Impact of Conversions on Tax Receivable Agreements	$ 25,899	$ 30,897	$ 49,566	$ 199,908	-	-	-	-	-	-	-	-