Blackstone (BX) Invested Capital (2009 - 2026)
Blackstone (BX) recorded quarterly Invested Capital of $8.4 billion in Q1 2026, down 59.17% quarter-over-quarter from $20.5 billion in Q4 2025, and up 4.92% on a YoY basis from $8.0 billion in Q1 2025.
Blackstone (BX) Invested Capital (2009 - 2026) Analysis & Trends
Blackstone's Invested Capital history runs 18 years deep, the most recent figure standing at $8.4 billion for Q1 2026.
- In Q1 2026, Invested Capital rose 4.92% year-over-year to $8.4 billion; the TTM figure through Mar 2026 stood at $8.4 billion (up 4.92% YoY), while the FY2025 annual figure was $20.5 billion, up 9.67% from the prior year.
- Invested Capital was $8.4 billion for Q1 2026 at Blackstone, down from $20.5 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $20.5 billion in Q4 2025 to a low of $6.8 billion in Q4 2023.
- Historically, Invested Capital has averaged $11.7 billion across 5 years, with a median of $8.4 billion in 2026.
- The sharpest annual moves came in 2022 and 2025: Invested Capital plunged 63.55% in 2022, then surged 183.76% in 2025.
- A 5-year view of Invested Capital shows it stood at $7.7 billion in 2022, then declined by 10.96% to $6.8 billion in 2023, then soared by 174.23% to $18.7 billion in 2024, then climbed by 9.67% to $20.5 billion in 2025, then slumped by 59.17% to $8.4 billion in 2026.
- The last three Invested Capital figures came in at $8.4 billion (Q1 2026), $20.5 billion (Q4 2025), and $19.9 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 69.22 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 8.37 Bn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 30.50 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 53.75 Bn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 8.75 Bn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 12.99 Bn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.57 Bn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 12.75 Bn |
| 10 | Principal Financial | 23.79 Bn | 20.28 Bn | -463.00 Mn | 15.78 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.37 Bn |
| Dec 31, 2025 | 20.50 Bn |
| Sep 30, 2025 | 19.89 Bn |
| Jun 30, 2025 | 19.59 Bn |
| Mar 31, 2025 | 7.98 Bn |
| Dec 31, 2024 | 18.69 Bn |
| Sep 30, 2024 | 7.01 Bn |
| Jun 30, 2024 | 17.79 Bn |
| Mar 31, 2024 | 6.96 Bn |
| Dec 31, 2023 | 6.82 Bn |
| Sep 30, 2023 | 17.46 Bn |
| Jun 30, 2023 | 7.22 Bn |
| Mar 31, 2023 | 7.09 Bn |
| Dec 31, 2022 | 7.66 Bn |
| Sep 30, 2022 | 7.59 Bn |
| Jun 30, 2022 | 8.63 Bn |
| Mar 31, 2022 | 9.66 Bn |
| Dec 31, 2021 | 9.42 Bn |
| Sep 30, 2021 | 20.81 Bn |
| Jun 30, 2021 | 8.41 Bn |