Blackstone (BX) Invested Capital (2009 - 2026)
Blackstone's Invested Capital came in at $34.26 billion for Q2 2026, up 8.4% from $31.6 billion a year earlier and up 2.9% from the prior quarter.
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Analysis
Blackstone (BX) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Blackstone's Invested Capital was $32.95 billion, up 9.8% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of 10.3% (FY2020 to FY2025).
- Going back by year, Invested Capital was $30.01 billion in FY2024 (+6.4%), $28.2 billion in FY2023 (-7.0%), $30.32 billion in FY2022 (+3.2%) and $29.39 billion in FY2021 (+45.7%).
- The Q2 2026 figure represents the highest quarterly Invested Capital in data going back to Q4 2009.
- Year-over-year, Invested Capital has increased for seven consecutive quarters, with growth averaging 7.6% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q3 2021 (growth of 49.1%), and the weakest in Q4 2023 (a decline of 7.0%).
- Business Quant data shows BX's Invested Capital at $33.3 billion (Q1 2026), $32.95 billion (Q4 2025) and $31.89 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.03 Bn | 110.39 Bn | - | - |
| 2 | Spdr Gold Trust | 134.08 Bn | -423.92 Bn | - | - |
| 3 | Blackstone | 84.38 Bn | 79.31 Bn | - | 34.26 Bn |
| 4 | Brookfield | 81.99 Bn | -83.40 Bn | 4.47 Bn | 18.80 Bn |
| 5 | Kkr | 81.98 Bn | 48.46 Bn | - | - |
| 6 | Brookfield Asset Management | 71.20 Bn | 67.45 Bn | - | 12.65 Bn |
| 7 | Apollo Global Management | 66.86 Bn | 4.54 Bn | 10.56 Bn | - |
| 8 | Wheaton Precious Metals | 60.68 Bn | 56.11 Bn | 687.86 Mn | 9.71 Bn |
| 9 | Franco Nevada | 45.90 Bn | 43.27 Bn | 451.00 Mn | - |
| 10 | Ameriprise Financial | 43.48 Bn | 4.90 Bn | 4.72 Bn | 6.57 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.26 Bn |
| Mar 31, 2026 | 33.30 Bn |
| Dec 31, 2025 | 32.95 Bn |
| Sep 30, 2025 | 31.89 Bn |
| Jun 30, 2025 | 31.60 Bn |
| Mar 31, 2025 | 30.94 Bn |
| Dec 31, 2024 | 30.01 Bn |
| Sep 30, 2024 | 29.32 Bn |
| Jun 30, 2024 | 28.47 Bn |
| Mar 31, 2024 | 28.28 Bn |
| Dec 31, 2023 | 28.20 Bn |
| Sep 30, 2023 | 29.57 Bn |
| Jun 30, 2023 | 29.76 Bn |
| Mar 31, 2023 | 29.38 Bn |
| Dec 31, 2022 | 30.32 Bn |
| Sep 30, 2022 | 27.65 Bn |
| Jun 30, 2022 | 29.42 Bn |
| Mar 31, 2022 | 31.14 Bn |
| Dec 31, 2021 | 29.39 Bn |
| Sep 30, 2021 | 28.34 Bn |
API Access
Blackstone Invested Capital 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=invested-capital&ticker=BX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=BX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();