Blackstone (BX) Net Margin (2009 - 2026)
Blackstone's (BX) quarterly Net Margin came in at 34.77% in Q1 2026, down 197.0% year-on-year from 35.85% in Q1 2025, and down 23.22% quarter-over-quarter from 45.29% in Q4 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.
- On a quarterly basis, Net Margin fell 197.0% year-over-year to 34.77% in Q1 2026; TTM through Mar 2026 was 41.25%, a 189.0% increase from a year earlier, with the FY2025 full-year figure at 41.84%, up 74.0% from the prior year.
- Net Margin retreated to 34.77% in Q1 2026 per BX's latest filing, from 45.29% in the prior quarter.
- Across five years, Net Margin topped out at 48.72% in Q1 2022 and bottomed at 40.64% in Q2 2022.
- The 5-year median for Net Margin is 40.05% (2025), against an average of 30.5%.
- Across the five-year window, Net Margin plunged 9465 bps in 2022 and surged 8341 bps in 2023, its largest moves.
- Year by year, Net Margin stood at 43.62% in 2022, then plunged 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.
- Per Business Quant, the three latest BX Net Margin figures stand at 34.77% (Q1 2026), 45.29% (Q4 2025), and 40.05% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 0.55% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 32.99% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 34.77% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | -889.40% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 37.97% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 14.05% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 26.07% |
| 10 | Principal Financial | 23.31 Bn | -27.00 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% |