Blackstone (BX) Net Margin (2009 - 2026)
Blackstone's 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 has reported Net Margin for 18 years, with the latest figure at 34.77% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 197.0% year-over-year to 34.77%; the trailing twelve-month figure through Mar 2026 stood at 41.25% (up 189.0% YoY), and the FY2025 full-year result was 41.84%, up 74.0% from the prior year.
- Net Margin for Q1 2026 stood at 34.77%, down from 45.29% 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 30.5%, with a median of 40.05% recorded in 2025.
- Year-over-year, Net Margin plunged 9465 bps in 2022 and surged 8341 bps in 2023.
- Tracing BX's Net Margin over 5 years: 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 decreased 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 34.73% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 34.77% |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 8.45% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 46.11% |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | -38.15% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 18.57% |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 18.73% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 37.97% |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 8.40% |
| 10 | Raymond James Financial | 28.62 Bn | 17.38 Bn | - | 12.72% |
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% |
| Mar 31, 2021 | 63.62% |
| Dec 31, 2020 | 49.99% |
| Sep 30, 2020 | 56.06% |
| Jun 30, 2020 | 53.83% |
| Mar 31, 2020 | -84.76% |
| Dec 31, 2019 | 46.78% |
| Sep 30, 2019 | 67.30% |
| Jun 30, 2019 | 43.51% |
| Mar 31, 2019 | 52.98% |
| Dec 31, 2018 | -2.57% |
| Sep 30, 2018 | 40.00% |
| Jun 30, 2018 | 28.19% |
| Mar 31, 2018 | 36.55% |
| Dec 31, 2017 | -30.80% |
| Sep 30, 2017 | 38.11% |
| Jun 30, 2017 | 38.93% |
| Mar 31, 2017 | 42.60% |
| Dec 31, 2016 | 42.29% |
| Sep 30, 2016 | 39.04% |
| Jun 30, 2016 | 29.99% |
| Mar 31, 2016 | 29.76% |
| Dec 31, 2015 | 80.81% |
| Sep 30, 2015 | -2,200.79% |
| Jun 30, 2015 | 10.95% |
| Mar 31, 2015 | 25.05% |
| Dec 31, 2014 | -58.32% |
| Sep 30, 2014 | 32.98% |
| Jun 30, 2014 | 54.18% |
| Mar 31, 2014 | 42.90% |
| Dec 31, 2013 | -9.85% |
| Sep 30, 2013 | 37.88% |
| Jun 30, 2013 | 35.45% |
| Mar 31, 2013 | 34.30% |
| Dec 31, 2012 | -117.88% |
| Sep 30, 2012 | 16.07% |
| Jun 30, 2012 | 15.03% |
| Mar 31, 2012 | 43.87% |
| Dec 31, 2011 | -69.55% |
| Sep 30, 2011 | -795.28% |
| Jun 30, 2011 | 14.11% |
| Mar 31, 2011 | 6.79% |
| Dec 31, 2010 | 12.80% |
| Sep 30, 2010 | 18.82% |
| Jun 30, 2010 | -119.31% |
| Mar 31, 2010 | -33.84% |
| Dec 31, 2009 | -46.59% |
| Sep 30, 2009 | -80.32% |
| Jun 30, 2009 | -147.11% |