Blackstone (BX) Debt to Equity (2009 - 2026)

Blackstone (BX) recorded quarterly Debt to Equity of $1.59 in Q1 2026, up 161.34% quarter-over-quarter from $0.61 in Q4 2025, and up 1.63% on a YoY basis from $1.56 in Q1 2025.

Blackstone (BX) Debt to Equity (2009 - 2026) Analysis & Trends

Blackstone's Debt to Equity history runs 14 years deep, the most recent figure standing at $1.59 for Q1 2026.

  • In Q1 2026, Debt to Equity rose 1.63% year-over-year to $1.59; the TTM figure through Mar 2026 stood at $1.59 (up 1.63% YoY), while the FY2025 annual figure was $0.61, changed 0.24% from the prior year.
  • Debt to Equity was $1.59 for Q1 2026 at Blackstone, up from $0.61 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $1.66 in Q4 2023 to a low of $0.0 in Q2 2023.
  • Historically, Debt to Equity has averaged $0.98 across 5 years, with a median of $0.93 in 2022.
  • The sharpest annual moves came in 2022 and 2023: Debt to Equity surged 26611.65% in 2022, then sank 99.77% in 2023.
  • A 5-year view of Debt to Equity shows it stood at $1.61 in 2022, then advanced by 2.8% to $1.66 in 2023, then tumbled by 63.48% to $0.61 in 2024, then rose by 0.24% to $0.61 in 2025, then jumped by 161.34% to $1.59 in 2026.
  • The last three Debt to Equity figures came in at $1.59 (Q1 2026), $0.61 (Q4 2025), and $0.6 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 0.14
2 Blackstone 96.85 Bn 95.80 Bn - 1.59
3 Kkr 86.45 Bn 133.96 Bn - -
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn -
5 State Street 46.95 Bn 21.27 Bn - -
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 0.03
7 Northern Trust 31.92 Bn 31.92 Bn - 0.60
8 Raymond James Financial 30.62 Bn 19.37 Bn - 0.28
9 Ares Management 29.04 Bn 32.41 Bn - -
10 Principal Financial 23.79 Bn 20.28 Bn -463.00 Mn 0.00

Historic Data

Download Data
DateValue
Mar 31, 2026 1.59
Dec 31, 2025 0.61
Sep 30, 2025 0.60
Jun 30, 2025 0.61
Mar 31, 2025 1.56
Dec 31, 2024 0.61
Sep 30, 2024 1.53
Jun 30, 2024 0.60
Mar 31, 2024 1.54
Dec 31, 2023 1.66
Sep 30, 2023 0.69
Jun 30, 2023 0.00
Mar 31, 2023 0.28
Dec 31, 2022 1.61
Sep 30, 2022 1.22
Jun 30, 2022 1.09
Mar 31, 2022 0.93
Dec 31, 2021 0.20
Sep 30, 2021 0.36
Jun 30, 2021 0.15