BLACKSTONE INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 12,577 | 59.2 |
| Stockholders' equity | 8,666 | 40.8 |
| Total capitalization | 21,242 | 100.0 |
750,625,114 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 7 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 12,577 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 90,000,000,000 |
| Common shares issued | 748,688,068 |
| Par or stated value per share ($) | 1e-05 |
| Outstanding at 7/31/26 | 750,625,114 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 4.69 | 121.2 |
| 2024 | 3.45 | 95.3 |
| 2023 | 3.32 | 180.4 |
| 2022 | 4.94 | 209.3 |
| 2021 | 3.57 | 43.9 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as Blackstone Group Inc (to 5 August 2021); Blackstone Group L.P. (to 28 June 2019).
BUSINESS: Classified by the SEC under Standard Industrial Classification 6282, Investment Advice. Large accelerated filer. Principal executive office: 345 Park Avenue, New York, NY 10154. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Total interest expense | 508 | 444 | 432 |
| Total net revenue | 14,450 | 13,230 | 8,023 |
| Income before income taxes | 7,172 | 6,459 | 2,958 |
| Income taxes | 1,125 | 1,022 | 513 |
| Net income | 3,019 | 2,777 | 1,391 |
| Earned per share, diluted ($) | 3.87 | 3.62 | 1.84 |
| Dividends per share ($) | 4.69 | 3.45 | 3.32 |
CONSOLIDATED STATEMENT OF CONDITION
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Total assets | 47,709 | 43,470 |
| Long-term debt | 12,577 | 11,460 |
| Total liabilities | 25,828 | 23,975 |
| Stockholders' equity | 8,666 | 8,212 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Total assets | Total liabilities | Total debt | Deposits | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 14,450 | – | 3,019 | 20.9 | 3.87 | 4.69 | 4,663 | 47,709 | 25,828 | 12,577 | – | 8,666 | 34.8 | 1.45 |
| 12/31/24 | 13,230 | – | 2,777 | 21.0 | 3.62 | 3.45 | 3,482 | 43,470 | 23,975 | 11,460 | – | 8,212 | 33.8 | 1.40 |
| 12/31/23 | 8,023 | – | 1,391 | 17.3 | 1.84 | 3.32 | 4,057 | 40,288 | 22,212 | 11,606 | – | 6,817 | 20.4 | 1.70 |
| 12/31/22 | 8,518 | – | 1,748 | 20.5 | 2.36 | 4.94 | 6,336 | 42,524 | 22,843 | 12,491 | – | 7,656 | 22.8 | 1.63 |
| 12/31/21 | 22,577 | – | 5,857 | 25.9 | 8.13 | 3.57 | 3,986 | 41,196 | 19,490 | 7,856 | – | 9,423 | 62.2 | 0.83 |
| 12/31/20 | 6,102 | – | 1,045 | 17.1 | 1.50 | 1.91 | 1,936 | 26,269 | 11,679 | 5,732 | – | 6,652 | 15.7 | 0.86 |
| 12/31/19 | 7,338 | – | 2,050 | 27.9 | 3.03 | 1.92 | 1,963 | 32,586 | 17,482 | 11,542 | – | 7,010 | 29.2 | 1.65 |
| 12/31/18 | 6,833 | – | 1,542 | 22.6 | 2.26 | 2.42 | 46 | 28,925 | 15,171 | 10,395 | – | 6,379 | 24.2 | 1.63 |
| 12/31/17 | 7,145 | – | 1,471 | 20.6 | 2.21 | 2.32 | (1,626) | 34,416 | 20,693 | 15,167 | – | – | – | – |
| 12/31/16 | 5,146 | – | 1,039 | 20.2 | 1.56 | 1.66 | (89) | 26,403 | 13,888 | 8,941 | – | – | – | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; capital expenditure and free cash flow are not shown for banks and insurers, where they are not meaningful; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Blackstone Inc.
CIK 1393818 · EIN 00-0000000
PRINCIPAL OFFICE:
345 Park Avenue, New York, NY 10154
Tel.: (212) 583-5000
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
6282 · Investment Advice
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 27 February 2026
FORMER NAMES:
Blackstone Inc; Blackstone Group Inc; Blackstone Group L.P.
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/27/26) · 10-K FY2024 (filed 2/28/25) · 10-K FY2023 (filed 2/23/24) · 10-K FY2022 (filed 2/24/23) · 10-K FY2021 (filed 2/25/22) · 10-K FY2020 (filed 2/26/21) · 10-K FY2019 (filed 2/28/20) · 10-K FY2018 (filed 3/1/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.