Blackstone BX Revenue Breakdown

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As of: Nov 9, 2026 · 11:42 AM EST
Annual revenue breakdowns for Blackstone, fiscal 2009 to 2015, as reported in its filings.
Annual history

Blackstone Revenue by Segment

Years FY 2009–2015
Lines 6
FY 2015 Total $4.65B

Real Estate was Blackstone’s largest segment in fiscal 2015, bringing in $1.78B of $4.65B (38%).

Blackstone revenue by segment, fiscal 2009 to 2015
Segment FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015
Real Estate $1.63B $3.21B $2.99B $1.78B
Private Equity $828.06M $1.48B $2.74B $1.37B
Credit $778.38M $880.25M $742.55M $478.42M
Hedge Fund Solutions $459.20M $648.61M $657.84M $584.23M
Financial Advisory $366.81M $395.18M $411.32M $305.54M
Consolidation Adjustments & Reconciling Items -$47.33M $1.67M -$52.57M $126.56M
Total $4.02B $6.61B $7.48B $4.65B
Totals include 1 discontinued line from earlier reporting.

Blackstone revenue by segment: what the figures show

Blackstone brought in $4.65B from its six segments in fiscal 2015, the year ended December 31, 2015. That was down 37.9% from $7.48B in fiscal 2014. Real Estate was the largest at $1.78B (38.3%), ahead of Private Equity at $1.37B (29.5%) and Hedge Fund Solutions at $584.23M (12.6%). The other three segments brought in $910.52M combined.

Compared with fiscal 2014, every segment above 2% of revenue shrank. Hedge Fund Solutions held up best, down 11.2% to $584.23M, and Private Equity fell the most, down 49.9% to $1.37B. From fiscal 2012 to 2015, combined revenue from these segments grew from $4.02B to $4.65B, a compound annual growth rate of 5.0%. Real Estate's share of the total fell from 40.7% to 38.3%.

Questions

Blackstone Revenue Breakdown FAQ

How does Blackstone make money?

Blackstone (BX) reports its revenue by segment. In fiscal 2015, Real Estate was its largest segment, bringing in $1.78B (38.3% of the total), followed by Private Equity at $1.37B (29.5%).

What is Blackstone's largest segment?

Real Estate was Blackstone's largest segment in fiscal 2015, bringing in $1.78B, or 38.3% of the $4.65B total across its six segments.

Where does this revenue breakdown data come from?

Every figure comes from Blackstone's annual financial filings, as reported. Each line keeps the name Blackstone gives it, and years follow its fiscal calendar.

How far back does Blackstone's revenue breakdown go?

Blackstone's revenue by segment goes back to fiscal 2009, with figures through fiscal 2015. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.