KPIs & Operating Metrics(New)
Growth Metrics

Blackstone (BX) Free Cash Flow (2009 - 2026)

Blackstone's quarterly Free Cash Flow came in at $957.6 million in Q1 2026, down 11.32% year-on-year from $1.1 billion in Q1 2025, and down 8.4% quarter-over-quarter from $1.0 billion in Q4 2025.

Blackstone has reported Free Cash Flow for 13 years, with the latest figure at $957.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow fell 11.32% year-over-year to $957.6 million; the trailing twelve-month figure through Mar 2026 stood at $4.4 billion (up 23.67% YoY), and the FY2025 full-year result was $4.5 billion, up 32.96% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $957.6 million, down from $1.0 billion in the prior quarter.
  • The five-year high for Free Cash Flow was $2.7 billion in Q1 2022, with the low at $149.5 million in Q4 2024.
  • Average Free Cash Flow over 5 years is $1.1 billion, with a median of $1.0 billion recorded in 2023.
  • Year-over-year, Free Cash Flow sank 89.48% in 2023 and jumped 599.21% in 2025.
  • Tracing BX's Free Cash Flow over 5 years: stood at $666.4 million in 2022, then increased by 29.7% to $864.4 million in 2023, then slumped by 82.7% to $149.5 million in 2024, then jumped by 599.21% to $1.0 billion in 2025, then fell by 8.4% to $957.6 million in 2026.
  • The last three Free Cash Flow figures came in at $957.6 million (Q1 2026), $1.0 billion (Q4 2025), and $1.6 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -1.09 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 957.64 Mn
3 Kkr 84.94 Bn 132.45 Bn - 1.72 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 332.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 1.62 Bn
6 State Street 44.42 Bn 18.75 Bn - -12.41 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 430.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - -329.40 Mn
9 Ares Management 28.85 Bn 32.22 Bn - 390.87 Mn
10 Raymond James Financial 28.62 Bn 17.38 Bn - 1.05 Bn

Historic Data

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DateValue
Mar 31, 2026 957.64 Mn
Mar 31, 2026 957.64 Mn
Dec 31, 2025 1.05 Bn
Dec 31, 2025 1.05 Bn
Sep 30, 2025 1.57 Bn
Sep 30, 2025 1.57 Bn
Jun 30, 2025 848.36 Mn
Jun 30, 2025 848.36 Mn
Mar 31, 2025 1.08 Bn
Mar 31, 2025 1.08 Bn
Dec 31, 2024 149.52 Mn
Dec 31, 2024 149.52 Mn
Sep 30, 2024 1.20 Bn
Sep 30, 2024 1.20 Bn
Jun 30, 2024 1.15 Bn
Jun 30, 2024 1.15 Bn
Mar 31, 2024 922.09 Mn
Mar 31, 2024 922.09 Mn
Dec 31, 2023 864.36 Mn
Dec 31, 2023 864.36 Mn
Sep 30, 2023 1.02 Bn
Sep 30, 2023 1.02 Bn
Jun 30, 2023 1.66 Bn
Jun 30, 2023 1.66 Bn
Mar 31, 2023 283.17 Mn
Mar 31, 2023 283.17 Mn
Dec 31, 2022 666.42 Mn
Dec 31, 2022 666.42 Mn
Sep 30, 2022 897.54 Mn
Sep 30, 2022 897.54 Mn
Jun 30, 2022 1.84 Bn
Jun 30, 2022 1.84 Bn
Mar 31, 2022 2.69 Bn
Mar 31, 2022 2.69 Bn
Dec 31, 2021 -833.81 Mn
Dec 31, 2021 -833.81 Mn
Sep 30, 2021 1.59 Bn
Sep 30, 2021 1.59 Bn
Jun 30, 2021 885.51 Mn
Jun 30, 2021 885.51 Mn
Mar 31, 2021 2.28 Bn
Mar 31, 2021 2.28 Bn
Dec 31, 2020 269.27 Mn
Dec 31, 2020 269.27 Mn
Sep 30, 2020 89.69 Mn
Sep 30, 2020 89.69 Mn
Jun 30, 2020 478.29 Mn
Jun 30, 2020 478.29 Mn
Mar 31, 2020 987.04 Mn
Mar 31, 2020 987.04 Mn
Dec 31, 2019 578.74 Mn
Dec 31, 2019 578.74 Mn
Sep 30, 2019 1.06 Bn
Sep 30, 2019 1.06 Bn
Jun 30, 2019 149.67 Mn
Jun 30, 2019 149.67 Mn
Mar 31, 2019 111.67 Mn
Mar 31, 2019 111.67 Mn
Dec 31, 2018 1.38 Bn
Dec 31, 2018 1.38 Bn
Sep 30, 2018 1.32 Bn
Sep 30, 2018 1.32 Bn
Jun 30, 2018 -895.06 Mn
Jun 30, 2018 -895.06 Mn
Mar 31, 2018 -1.77 Bn
Mar 31, 2018 -1.77 Bn
Mar 31, 2012 121.14 Mn
Mar 31, 2012 121.14 Mn
Dec 31, 2011 330.65 Mn
Dec 31, 2011 330.65 Mn
Sep 30, 2011 376.95 Mn
Sep 30, 2011 376.95 Mn
Jun 30, 2011 -80.27 Mn
Jun 30, 2011 -80.27 Mn
Mar 31, 2011 435.80 Mn
Mar 31, 2011 435.80 Mn
Dec 31, 2010 -711.57 Mn
Dec 31, 2010 -711.57 Mn
Sep 30, 2010 277.50 Mn
Sep 30, 2010 277.50 Mn
Jun 30, 2010 -5.49 Mn
Jun 30, 2010 -5.49 Mn
Mar 31, 2010 13.53 Mn
Mar 31, 2010 13.53 Mn
Dec 31, 2009 500.68 Mn
Dec 31, 2009 500.68 Mn
Sep 30, 2009 -792.49 Mn
Sep 30, 2009 -792.49 Mn