Blackstone Inc. (BX)

Sector: Financials|Industry: Asset Management|Market Cap: $235.04B|Employees: 4.7K


Blackstone is the world's largest alternative asset manager, focusing on delivering returns for institutional and individual investors. The company's core business model involves investing across various asset classes, including real estate, private equity, credit, and hedge funds, leveraging its scale, diversified business, and rigorous investment process. Blackstone has a global presence with key markets in the Americas, Europe, and Asia.

  1. Filings

Filing Highlights

Financial Performance

Total revenues increased to $3,663.2 million for the three months ended September 30, 2024, from $2,541.3 million for the same period in 2023. This growth was primarily driven by an increase in management and advisory fees, which rose to $1,794.9 million from $1,655.4 million year-over-year.

Net income attributable to Blackstone Inc. increased to $780.8 million for the three months ended September 30, 2024, compared to $552.0 million for the same period in 2023, indicating improved profitability.

Total expenses increased to $1,896.1 million for the three months ended September 30, 2024, from $1,374.9 million for the same period in 2023. This increase was primarily driven by an increase in compensation and benefits, which rose to $1,440.3 million from $946.2 million year-over-year.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG initiatives

Market Environment