Blackstone BX
NYSE BX
$129.07 -4.90 (-3.66%)
As of: Sep 9, 2026 · 3:59 PM EDT

Blackstone (BX) Operating Expenses (2009 - 2026)

Blackstone (BX) posted Operating Expenses of $2.4 billion for Q2 2026, up 5.01% on a QoQ basis from $2.3 billion in Q1 2026, and up 22.92% year-over-year from $1.9 billion in Q2 2025.

Analysis

Blackstone (BX) Operating Expenses (2009 - 2026) Analysis & Trends

Blackstone has reported Operating Expenses for 18 years, with the latest figure at $2.4 billion in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 22.92% year-over-year to $2.4 billion in Q2 2026; TTM through Jun 2026 was $8.5 billion, a 17.86% increase from a year earlier, with the FY2025 full-year figure at $7.7 billion, up 12.95% from the prior year.
  • Operating Expenses was $2.4 billion for Q2 2026 at Blackstone, up from $2.3 billion in the prior quarter.
  • The five-year high for Operating Expenses was $2.4 billion in Q2 2026, with the low at $744.1 million in Q2 2022.
  • Average Operating Expenses over 5 years is $1.6 billion, with a median of $1.7 billion recorded in 2024.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses slumped 67.25% in 2022, then jumped 98.26% in 2023.
  • Over 5 years, Operating Expenses stood at $1.1 billion in 2022, then dropped by 12.05% to $941.6 million in 2023, then soared by 59.32% to $1.5 billion in 2024, then soared by 41.65% to $2.1 billion in 2025, then grew by 11.8% to $2.4 billion in 2026.
  • The last three Operating Expenses figures came in at $2.4 billion (Q2 2026), $2.3 billion (Q1 2026), and $2.1 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Blackstone 103.57 Bn 101.06 Bn - 2.38 Bn
2 Kkr 93.46 Bn -183.61 Bn - 5.41 Bn
3 Apollo Global Management 77.60 Bn 52.22 Bn 10.54 Bn 8.74 Bn
4 Brookfield Asset Management 76.45 Bn 74.94 Bn - 659.00 Mn
5 Wheaton Precious Metals 71.34 Bn 71.24 Bn 687.86 Mn 133.83 Mn
6 Franco Nevada 51.21 Bn 49.67 Bn 451.00 Mn 5.30 Mn
7 Brookfield 37.98 Bn 7.42 Bn 19.38 Bn -14.94 Bn
8 Ares Management 30.49 Bn 30.49 Bn - 1.18 Bn
9 Carlyle 15.82 Bn 14.57 Bn - 875.90 Mn
10 Tpg 8.08 Bn 7.13 Bn - 1.50 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 2.38 Bn
Mar 31, 2026 2.26 Bn
Dec 31, 2025 2.12 Bn
Sep 30, 2025 1.75 Bn
Jun 30, 2025 1.93 Bn
Mar 31, 2025 1.89 Bn
Dec 31, 2024 1.50 Bn
Sep 30, 2024 1.90 Bn
Jun 30, 2024 1.63 Bn
Mar 31, 2024 1.79 Bn
Dec 31, 2023 941.57 Mn
Sep 30, 2023 1.37 Bn
Jun 30, 2023 1.48 Bn
Mar 31, 2023 1.19 Bn
Dec 31, 2022 1.07 Bn
Sep 30, 2022 961.36 Mn
Jun 30, 2022 744.11 Mn
Mar 31, 2022 2.20 Bn
Dec 31, 2021 2.50 Bn
Sep 30, 2021 2.65 Bn