Blackstone (BX) Operating Expenses (2009 - 2026)

Blackstone's Operating Expenses history runs 18 years deep, the most recent figure standing at $2.3 billion for Q1 2026.

• In Q1 2026, Operating Expenses rose 19.42% year-over-year to $2.3 billion; the TTM figure through Mar 2026 stood at $8.1 billion (up 16.57% YoY), while the FY2025 annual figure was $7.7 billion, up 12.95% from the prior year.
• Operating Expenses was $2.3 billion for Q1 2026 at Blackstone, up from $2.1 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $2.3 billion in Q1 2026 to a low of $744.1 million in Q2 2022.
• Historically, Operating Expenses has averaged $1.6 billion across 5 years, with a median of $1.6 billion in 2024.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 67.25% in 2022, then soared 98.26% in 2023.
• A 5-year view of Operating Expenses shows it stood at $1.1 billion in 2022, then slipped by 12.05% to $941.6 million in 2023, then surged by 59.32% to $1.5 billion in 2024, then surged by 41.65% to $2.1 billion in 2025, then rose by 6.47% to $2.3 billion in 2026.
• The last three Operating Expenses figures came in at $2.3 billion (Q1 2026), $2.1 billion (Q4 2025), and $1.8 billion (Q3 2025), per Business Quant data.