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
DateValue
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