KPIs & Operating Metrics(New)
Growth Metrics

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

Blackstone's quarterly Debt to Equity came in at $1.59 in Q1 2026, up 1.63% year-on-year from $1.56 in Q1 2025, and up 161.34% quarter-over-quarter from $0.61 in Q4 2025.

Blackstone has reported Debt to Equity for 14 years, with the latest figure at $1.59 in Q1 2026.

  • For the quarter ending Q1 2026, Debt to Equity rose 1.63% year-over-year to $1.59; the trailing twelve-month figure through Mar 2026 stood at $1.59 (up 1.63% YoY), and the FY2025 full-year result was $0.61, changed 0.24% from the prior year.
  • Debt to Equity for Q1 2026 stood at $1.59, up from $0.61 in the prior quarter.
  • The five-year high for Debt to Equity was $1.66 in Q4 2023, with the low at $0.0 in Q2 2023.
  • Average Debt to Equity over 5 years is $0.98, with a median of $0.93 recorded in 2022.
  • Year-over-year, Debt to Equity jumped 26611.65% in 2022 and sank 99.77% in 2023.
  • Tracing BX's Debt to Equity over 5 years: stood at $1.61 in 2022, then climbed by 2.8% to $1.66 in 2023, then slumped by 63.48% to $0.61 in 2024, then gained by 0.24% to $0.61 in 2025, then surged 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 158.51 Bn 148.89 Bn - 0.14
2 Blackstone 92.68 Bn 91.63 Bn - 1.59
3 Kkr 84.94 Bn 132.45 Bn - -
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 0.29
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn -
6 State Street 44.42 Bn 18.75 Bn - -
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 0.03
8 Northern Trust 31.21 Bn 31.21 Bn - 0.60
9 Ares Management 28.85 Bn 32.22 Bn - -
10 Raymond James Financial 28.62 Bn 17.38 Bn - 0.28

Historic Data

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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
Mar 31, 2021 0.00
Dec 31, 2020 0.17
Sep 30, 2020 0.01
Mar 31, 2020 0.02
Dec 31, 2019 0.02
Sep 30, 2019 0.07
Jun 30, 2019 0.03
Mar 31, 2019 0.71
Dec 31, 2018 0.73
Dec 31, 2017 0.04
Mar 31, 2012 0.18
Dec 31, 2011 0.21
Sep 30, 2011 0.25
Jun 30, 2011 1.09
Mar 31, 2011 0.94
Dec 31, 2010 0.01
Sep 30, 2010 0.95
Jun 30, 2010 0.96
Dec 31, 2009 0.11