Blackstone Inc. (BX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
BX Revenue Growth
Revenue Breakdown (FY 2025)
BX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
BX Revenue Analysis (2014–2025)
As of May 6, 2026, Blackstone Inc. (BX) generated trailing twelve-month (TTM) revenue of $13.83 billion, reflecting explosive growth of +54.7% year-over-year. The most recent quarter (Q4 2025) recorded $4.36 billion in revenue, up 55.1% sequentially.
Looking at the longer-term picture, BX's 5-year compound annual growth rate (CAGR) stands at +20.7%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $16.85 billion in 2021.
Revenue diversification analysis shows BX's business is primarily driven by Private Equity Segment (77%), and Real Estate Segment (23%). With over half of revenue concentrated in Private Equity Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including KKR, APO, and CG. Compare BX vs KKR →
BX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BXCurrent | $13.8B | +54.7% | +20.7% | 51.9% | |
 KKR | $19.3B | - | - | 2.4% | |
 APO | $26.1B | - | - | 31.8% | |
 CG | $4.1B | - | - | 34.1% | |
 ARES | $6.5B | - | - | 27.2% | |
 TPG | $4.7B | - | - | 14.7% |
BX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $13.83B | - | $11.90B | 86.0% | $7.18B | 51.9% |
| 2024 | $11.37B | - | $10.93B | 96.1% | $6.46B | 56.8% |
| 2023 | $7.44B | - | $7.01B | 94.2% | $2.96B | 39.8% |
| 2022 | $7.45B | - | $7.13B | 95.7% | $3.46B | 46.5% |
| 2021 | $16.85B | - | $16.65B | 98.8% | $13.56B | 80.5% |
| 2020 | $5.40B | - | $5.23B | 96.9% | $2.62B | 48.5% |
| 2019 | $6.37B | - | $6.17B | 96.9% | $3.82B | 59.9% |
| 2018 | $5.96B | - | $5.80B | 97.2% | $3.51B | 58.9% |
| 2017 | $5.98B | - | $5.78B | 96.7% | $4.12B | 68.9% |
| 2016 | $4.46B | - | $4.31B | 96.6% | $2.38B | 53.4% |
Full BX Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See BX's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs BX Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare BX vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonBX — Frequently Asked Questions
Quick answers to the most common questions about buying BX stock.
Is BX's revenue growth accelerating or slowing?
BX revenue is accelerating at +54.7% year-over-year, exceeding the 5-year CAGR of +20.7%. TTM revenue reached $13.8B. Growth momentum has increased versus prior periods.
What is BX's long-term revenue growth rate?
Blackstone Inc.'s 5-year revenue CAGR of +20.7% reflects the sustained expansion pattern. Current YoY growth of +54.7% is above this long-term average.
How is BX's revenue distributed by segment?
BX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.