Blackstone (BX) Net Margin (2009 - 2026)
Blackstone (BX) posted Net Margin of 46.71% for Q2 2026, up 34.33% on a QoQ basis from 34.77% in Q1 2026, and up 290.0% year-over-year from 11.98% in Q2 2025.
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Analysis
Blackstone (BX) Net Margin (2009 - 2026) Analysis & Trends
Blackstone has reported Net Margin for 18 years, with the latest figure at 46.71% in Q2 2026.
- On a quarterly basis, Net Margin rose 290.0% year-over-year to 46.71% in Q2 2026; TTM through Jun 2026 was 42.37%, a 70.0% increase from a year earlier, with the FY2025 full-year figure at 41.84%, up 74.0% from the prior year.
- Net Margin was 46.71% for Q2 2026 at Blackstone, up from 34.77% in the prior quarter.
- The five-year high for Net Margin was 48.72% in Q1 2022, with the low at 40.64% in Q2 2022.
- Average Net Margin over 5 years is 31.4%, with a median of 41.38% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Net Margin tumbled 9465 bps in 2022, then jumped 8341 bps in 2023.
- Over 5 years, Net Margin stood at 43.62% in 2022, then sank by 81 bps to 8.49% in 2023, then soared by 408 bps to 43.11% in 2024, then increased by 5 bps to 45.29% in 2025, then grew by 3 bps to 46.71% in 2026.
- The last three Net Margin figures came in at 46.71% (Q2 2026), 34.77% (Q1 2026), and 45.29% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 102.43 Bn | 104.87 Bn | - | 46.71% |
| 2 | Kkr | 96.71 Bn | -180.36 Bn | - | 11.53% |
| 3 | Brookfield Asset Management | 80.84 Bn | 80.57 Bn | - | 51.57% |
| 4 | Apollo Global Management | 76.99 Bn | 72.09 Bn | 10.54 Bn | 11.98% |
| 5 | Wheaton Precious Metals | 70.37 Bn | 70.27 Bn | 687.86 Mn | 73.60% |
| 6 | Franco Nevada | 51.31 Bn | 49.77 Bn | 451.00 Mn | 59.89% |
| 7 | Ares Management | 50.50 Bn | 55.42 Bn | - | 8.77% |
| 8 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | 1.88% |
| 9 | Tpg | 20.58 Bn | 22.14 Bn | - | 17.36% |
| 10 | Blue Owl Capital | 18.30 Bn | 21.75 Bn | - | 8.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.71% |
| 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% |