BXBlackstone Inc.
Blackstone is the world’s largest alternative asset manager. 10-K, Item 1
- Employees
- 5,285
- Headquarters
- New York, NY
- Next results
- around Jan 28, 2027
The biggest changes in the 10-K filed 2026-02-27, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Cash from operations
+33.9% Big change FY to 2025-12-31 vs 2024-12-31The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Revenue
+9.2% FY to 2025-12-31 vs 2024-12-31“The increase in Revenues was primarily attributable to increases of $886.7 million in Management and Advisory Fees, Net and $709.2 million in Investment Income (Loss).”
Read it in the 10-K ↗
“For the year ended December 31, 2025, Net Accrued Performance Revenues receivable increased due to Net Performance Revenues of $3.6 billion, partially offset by net realized distributions of $3.1 billion.”
Read it in the 10-K ↗
Net income
+8.7% FY to 2025-12-31 vs 2024-12-31“The increase in Other Income was primarily attributable to an increase of $327.3 million in Net Gains from Fund Investment Activities.”
Read it in the 10-K ↗
“The decrease in Blackstone’s effective tax rate for the year ended December 31, 2025 compared to the year ended December 31, 2024 relates primarily to the impact of Non-Controlling”
Read it in the 10-K ↗
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on BX in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/BX/export.csv") into a cell.