Blackstone (BX) Cash from Operations (2009 - 2026)
Blackstone (BX) reported Cash from Operations of $1.96 billion for Q3 2026, up 22.9% from $1.6 billion a year earlier and up 1.1% from the prior quarter.
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Analysis
Blackstone (BX) Cash from Operations (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Blackstone's Cash from Operations came in at $5.96 billion, up 58.7% year-over-year; for FY2025, it came in at $4.66 billion, up 33.9% from FY2024.
- Cash from Operations has a five-year compound annual growth rate of 19.2% (FY2020 to FY2025).
- By year, Cash from Operations came in at $3.48 billion in FY2024 (-14.2%), $4.06 billion in FY2023 (-36.0%), $6.34 billion in FY2022 (+59.0%) and $3.99 billion in FY2021 (+105.9%).
- The Q3 2026 figure ranks as the highest quarterly Cash from Operations since Q1 2022.
- Year over year, Cash from Operations gained in five of the last eight quarters, with growth averaging 79.5%.
- The high point for year-over-year Cash from Operations in five years was Q4 2025 (growth of 561.6%); the low point was Q1 2023 (a decline of 87.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.94 billion (Q2 2026), $991.05 million (Q1 2026) and $1.07 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 189.07 Bn | 145.60 Bn | - | 2.71 Bn |
| 2 | Spdr Gold Trust | 125.11 Bn | -432.90 Bn | - | - |
| 3 | Brookfield | 101.47 Bn | -96.66 Bn | - | - |
| 4 | Blackstone | 91.35 Bn | 85.56 Bn | - | 1.96 Bn |
| 5 | Kkr | 87.89 Bn | 54.59 Bn | 1.76 Bn | 2.14 Bn |
| 6 | Brookfield Asset Management | 82.34 Bn | 77.22 Bn | - | 554.00 Mn |
| 7 | Apollo Global Management | 72.94 Bn | 89.74 Bn | 4.14 Bn | 136.00 Mn |
| 8 | Wheaton Precious Metals | 59.70 Bn | 59.70 Bn | 538.50 Mn | 644.86 Mn |
| 9 | Ares Management | 48.49 Bn | 47.07 Bn | 376.28 Mn | -86.26 Mn |
| 10 | Franco Nevada | 47.61 Bn | 43.98 Bn | 427.60 Mn | 429.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.96 Bn |
| Jun 30, 2026 | 1.94 Bn |
| Mar 31, 2026 | 991.05 Mn |
| Dec 31, 2025 | 1.07 Bn |
| Sep 30, 2025 | 1.60 Bn |
| Jun 30, 2025 | 888.50 Mn |
| Mar 31, 2025 | 1.11 Bn |
| Dec 31, 2024 | 161.41 Mn |
| Sep 30, 2024 | 1.22 Bn |
| Jun 30, 2024 | 1.16 Bn |
| Mar 31, 2024 | 939.85 Mn |
| Dec 31, 2023 | 895.69 Mn |
| Sep 30, 2023 | 1.08 Bn |
| Jun 30, 2023 | 1.73 Bn |
| Mar 31, 2023 | 352.73 Mn |
| Dec 31, 2022 | 715.14 Mn |
| Sep 30, 2022 | 982.93 Mn |
| Jun 30, 2022 | 1.89 Bn |
| Mar 31, 2022 | 2.75 Bn |
| Dec 31, 2021 | -813.95 Mn |
API Access
Blackstone Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=BX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "BX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=BX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();