Blackstone (BX) Net Margin (2009 - 2026)
Blackstone (BX) recorded Net Margin of 24.37% in Q2 2026, up 3.78 percentage points from 20.59% a year earlier and up 6.41 percentage points from the prior quarter.
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Analysis
Blackstone (BX) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Blackstone's Net Margin came in at 21.84% as of Jun 30, 2026, up 1.01 percentage points year-over-year; for FY2025, it was 20.89%, down 0.09 percentage points from FY2024.
- Annual Net Margin has a five-year change of +3.76 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 20.99% in FY2024 (+3.65 pp), 17.34% in FY2023 (-3.18 pp), 20.52% in FY2022 (-5.43 pp) and 25.94% in FY2021 (+8.81 pp).
- The Q2 2026 figure is the highest quarterly Net Margin since Q4 2022.
- On a year-over-year basis, Net Margin rose in four of the last eight quarters, with an average year-over-year change of +1.68 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 26.03 percentage points in Q2 2023, against a drop of 29.41 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 17.96% (Q1 2026), 23.28% (Q4 2025) and 20.23% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 178.19 Bn | 124.32 Bn | - | 27.02% |
| 2 | Spdr Gold Trust | 137.10 Bn | -420.90 Bn | - | - |
| 3 | Blackstone | 87.94 Bn | 77.92 Bn | - | 24.37% |
| 4 | Brookfield | 84.29 Bn | -99.03 Bn | - | 1.66% |
| 5 | Kkr | 80.45 Bn | 600.79 Mn | - | 11.53% |
| 6 | Brookfield Asset Management | 73.60 Bn | 68.41 Bn | - | 51.57% |
| 7 | Apollo Global Management | 66.12 Bn | -16.68 Bn | 10.56 Bn | 11.98% |
| 8 | Wheaton Precious Metals | 59.86 Bn | 55.29 Bn | 687.86 Mn | - |
| 9 | Franco Nevada | 46.95 Bn | 44.31 Bn | 451.00 Mn | 60.94% |
| 10 | Ameriprise Financial | 45.10 Bn | 6.51 Bn | 4.72 Bn | 22.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.37% |
| Mar 31, 2026 | 17.96% |
| Dec 31, 2025 | 23.28% |
| Sep 30, 2025 | 20.23% |
| Jun 30, 2025 | 20.59% |
| Mar 31, 2025 | 18.69% |
| Dec 31, 2024 | 22.83% |
| Sep 30, 2024 | 21.32% |
| Jun 30, 2024 | 15.89% |
| Mar 31, 2024 | 22.98% |
| Dec 31, 2023 | 11.81% |
| Sep 30, 2023 | 21.72% |
| Jun 30, 2023 | 21.36% |
| Mar 31, 2023 | 6.21% |
| Dec 31, 2022 | 32.74% |
| Sep 30, 2022 | 0.22% |
| Jun 30, 2022 | -4.67% |
| Mar 31, 2022 | 23.74% |
| Dec 31, 2021 | 24.27% |
| Sep 30, 2021 | 22.52% |
API Access
Blackstone Net Margin 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=net-margin&ticker=BX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=BX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();