Blackstone (BX) Net Margin (2009 - 2026)
Blackstone (BX) recorded quarterly Net Margin of 34.77% in Q1 2026, down 23.22% quarter-over-quarter from 45.29% in Q4 2025, and down 197.0% on a YoY basis from 35.85% in Q1 2025.
Blackstone (BX) Net Margin (2009 - 2026) Analysis & Trends
Blackstone's Net Margin history runs 18 years deep, the most recent figure standing at 34.77% for Q1 2026.
- In Q1 2026, Net Margin fell 197.0% year-over-year to 34.77%; the TTM figure through Mar 2026 stood at 41.25% (up 189.0% YoY), while the FY2025 annual figure was 41.84%, up 74.0% from the prior year.
- Net Margin was 34.77% for Q1 2026 at Blackstone, down from 45.29% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 48.72% in Q1 2022 to a low of 40.64% in Q2 2022.
- Historically, Net Margin has averaged 30.5% across 5 years, with a median of 40.05% in 2025.
- The sharpest annual moves came in 2022 and 2023: Net Margin plunged 9465 bps in 2022, then soared 8341 bps in 2023.
- A 5-year view of Net Margin shows it stood at 43.62% in 2022, then slumped by 81 bps to 8.49% in 2023, then surged by 408 bps to 43.11% in 2024, then grew by 5 bps to 45.29% in 2025, then retreated by 23 bps to 34.77% in 2026.
- The last three Net Margin figures came in at 34.77% (Q1 2026), 45.29% (Q4 2025), and 40.05% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 34.73% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 34.77% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 8.45% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | -38.15% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 37.97% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.72% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 8.40% |
| 10 | Principal Financial | 23.79 Bn | 20.28 Bn | -463.00 Mn | 35.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.77% |
| Dec 31, 2025 | 45.29% |
| Sep 30, 2025 | 40.05% |
| Jun 30, 2025 | 43.81% |
| Mar 31, 2025 | 36.75% |
| Dec 31, 2024 | 43.11% |
| Sep 30, 2024 | 42.71% |
| Jun 30, 2024 | 33.91% |
| Mar 31, 2024 | 43.28% |
| Dec 31, 2023 | 8.49% |
| Sep 30, 2023 | 36.23% |
| Jun 30, 2023 | 42.77% |
| Mar 31, 2023 | 15.25% |
| Dec 31, 2022 | 43.62% |
| Sep 30, 2022 | 0.35% |
| Jun 30, 2022 | -40.64% |
| Mar 31, 2022 | 48.72% |
| Dec 31, 2021 | 51.02% |
| Sep 30, 2021 | 51.51% |
| Jun 30, 2021 | 54.00% |