Blackstone (BX) FCF Margin (2009 - 2026)
Blackstone's FCF Margin was 37.86% in Q2 2026, up 15.00 percentage points from 22.86% a year earlier and up 11.38 percentage points from the prior quarter.
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Analysis
Blackstone (BX) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Blackstone's FCF Margin was 34.05% through Jun 30, 2026, up 10.19 percentage points year-over-year; for FY2025, it was 31.47%, up 5.62 percentage points from FY2024.
- FCF Margin shows a five-year change of +1.57 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 25.85% in FY2024 (-21.92 pp), 47.77% in FY2023 (-23.85 pp), 71.62% in FY2022 (+54.25 pp) and 17.37% in FY2021 (-12.53 pp).
- Quarterly FCF Margin has moved between -14.47% (Q4 2021) and 293.13% (Q2 2022) over five years.
- Compared with a year earlier, FCF Margin was higher in four of the last eight quarters, with an average year-over-year change of -4.27 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q2 2022 (a gain of 276.40 percentage points); the worst was Q2 2023 (a drop of 233.98 percentage points).
- Per Business Quant data, BX's FCF Margin in the three quarters before Q2 2026 was 26.47% (Q1 2026), 23.98% (Q4 2025) and 50.95% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 166.01 Bn | 112.36 Bn | - | 15.78% |
| 2 | Spdr Gold Trust | 133.03 Bn | -424.98 Bn | - | - |
| 3 | Blackstone | 86.20 Bn | 81.13 Bn | - | 37.86% |
| 4 | Kkr | 83.71 Bn | 50.19 Bn | - | 55.96% |
| 5 | Brookfield | 81.54 Bn | -83.85 Bn | 4.47 Bn | - |
| 6 | Brookfield Asset Management | 71.09 Bn | 67.34 Bn | - | 30.52% |
| 7 | Apollo Global Management | 68.54 Bn | 6.22 Bn | 10.56 Bn | 25.83% |
| 8 | Wheaton Precious Metals | 61.57 Bn | 57.00 Bn | 687.86 Mn | 69.90% |
| 9 | Franco Nevada | 47.40 Bn | 44.76 Bn | 451.00 Mn | 83.08% |
| 10 | Ameriprise Financial | 43.81 Bn | 5.23 Bn | 4.72 Bn | 56.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.86% |
| Mar 31, 2026 | 26.47% |
| Dec 31, 2025 | 23.98% |
| Sep 30, 2025 | 50.95% |
| Jun 30, 2025 | 22.86% |
| Mar 31, 2025 | 32.83% |
| Dec 31, 2024 | 4.85% |
| Sep 30, 2024 | 32.83% |
| Jun 30, 2024 | 40.99% |
| Mar 31, 2024 | 25.00% |
| Dec 31, 2023 | 67.26% |
| Sep 30, 2023 | 40.15% |
| Jun 30, 2023 | 59.15% |
| Mar 31, 2023 | 20.49% |
| Dec 31, 2022 | 39.11% |
| Sep 30, 2022 | 84.82% |
| Jun 30, 2022 | 293.13% |
| Mar 31, 2022 | 52.52% |
| Dec 31, 2021 | -14.47% |
| Sep 30, 2021 | 25.61% |
API Access
Blackstone FCF Margin 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=fcf-margin&ticker=BX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=BX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();