Blackstone annual free cash flow
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Blackstone Free Cash Flow (FCF) History (BX)
Blackstone reported $4.55B in free cash flow for fiscal 2025, an increase of 32.96% from the previous fiscal year, with a free cash flow margin of 31.47%.
View full Blackstone company overviewBlackstone free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.55B | $1.13B | +32.96% | +31.47% |
| 2024 | 2024-12-31 | $3.42B | −$412.4M | −10.76% | +25.85% |
| 2023 | 2023-12-31 | $3.83B | −$2.27B | −37.18% | +47.77% |
| 2022 | 2022-12-31 | $6.10B | $2.18B | +55.57% | +71.62% |
| 2021 | 2021-12-31 | $3.92B | $2.10B | +114.97% | +17.37% |
| 2020 | 2020-12-31 | $1.82B | −$78.5M | −4.13% | +29.90% |
| 2019 | 2019-12-31 | $1.90B | $1.88B | +6853.51% | +25.93% |
| 2018 | 2018-12-31 | $27.4M | $1.68B | — | +0.40% |
| 2017 | 2017-12-31 | −$1.65B | −$1.54B | — | −23.10% |
| 2016 | 2016-12-31 | −$110.4M | −$2.45B | — | −2.15% |
| 2015 | 2015-12-31 | $2.34B | $713.1M | +43.89% | +50.31% |
| 2014 | 2014-12-31 | $1.62B | −$1.90B | −53.87% | +21.71% |
| 2013 | 2013-12-31 | $3.52B | $2.98B | +544.95% | +53.26% |
| 2012 | 2012-12-31 | $546.1M | −$517.0M | −48.63% | +13.59% |
| 2011 | 2011-12-31 | $1.06B | $1.49B | — | +32.69% |
| 2010 | 2010-12-31 | −$426.0M | −$813.9M | — | −13.66% |
| 2009 | 2009-12-31 | $387.9M | −$1.45B | −78.92% | +21.87% |
| 2008 | 2008-12-31 | $1.84B | — | — | — |
Blackstone quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.91B | $1.06B | +125.08% | +37.86% |
| Q1 2026 | 2026-03-31 | $957.6M | −$122.3M | −11.32% | +26.47% |
| Q4 2025 | 2025-12-31 | $1.05B | $895.9M | +599.21% | +23.98% |
| Q3 2025 | 2025-09-30 | $1.57B | $371.3M | +30.87% | +50.95% |
| Q2 2025 | 2025-06-30 | $848.4M | −$297.8M | −25.98% | +22.86% |
| Q1 2025 | 2025-03-31 | $1.08B | $157.8M | +17.12% | +32.83% |
| Q4 2024 | 2024-12-31 | $149.5M | −$714.8M | −82.70% | +4.85% |
| Q3 2024 | 2024-09-30 | $1.20B | $182.2M | +17.86% | +32.83% |
| Q2 2024 | 2024-06-30 | $1.15B | −$518.7M | −31.16% | +40.99% |
| Q1 2024 | 2024-03-31 | $922.1M | $638.9M | +225.63% | +25.00% |
| Q4 2023 | 2023-12-31 | $864.4M | $197.9M | +29.70% | +67.26% |
| Q3 2023 | 2023-09-30 | $1.02B | $122.7M | +13.67% | +40.15% |
| Q2 2023 | 2023-06-30 | $1.66B | −$179.6M | −9.73% | +59.15% |
| Q1 2023 | 2023-03-31 | $283.2M | −$2.41B | −89.48% | +20.49% |
| Q4 2022 | 2022-12-31 | $666.4M | $1.50B | — | +39.11% |
| Q3 2022 | 2022-09-30 | $897.5M | −$696.5M | −43.69% | +84.82% |
| Q2 2022 | 2022-06-30 | $1.84B | $958.9M | +108.29% | +293.13% |
| Q1 2022 | 2022-03-31 | $2.69B | $416.4M | +18.30% | +52.52% |
| Q4 2021 | 2021-12-31 | −$833.8M | −$1.10B | — | −14.47% |
| Q3 2021 | 2021-09-30 | $1.59B | $1.50B | +1677.20% | +25.61% |
| Q2 2021 | 2021-06-30 | $885.5M | $407.2M | +85.14% | +16.74% |
| Q1 2021 | 2021-03-31 | $2.28B | $1.29B | +130.58% | +42.95% |
| Q4 2020 | 2020-12-31 | $269.3M | −$309.5M | −53.47% | +7.42% |
| Q3 2020 | 2020-09-30 | $89.7M | −$973.1M | −91.56% | +2.96% |
| Q2 2020 | 2020-06-30 | $478.3M | $328.6M | +219.57% | +19.01% |
| Q1 2020 | 2020-03-31 | $987.0M | $875.4M | +783.87% | — |
| Q4 2019 | 2019-12-31 | $578.7M | −$797.2M | −57.94% | +27.67% |
| Q3 2019 | 2019-09-30 | $1.06B | −$258.0M | −19.53% | +61.25% |
| Q2 2019 | 2019-06-30 | $149.7M | $1.04B | — | +10.07% |
| Q1 2019 | 2019-03-31 | $111.7M | $1.89B | — | +5.52% |
| Q4 2018 | 2018-12-31 | $1.38B | $1.31B | +2047.72% | +272.47% |
| Q3 2018 | 2018-09-30 | $1.32B | $2.14B | — | +68.55% |
| Q2 2018 | 2018-06-30 | −$895.1M | $546.7M | — | −34.00% |
| Q1 2018 | 2018-03-31 | −$1.77B | −$2.32B | — | −100.30% |
| Q4 2017 | 2017-12-31 | $64.1M | $818.3M | — | +3.27% |
| Q3 2017 | 2017-09-30 | −$815.5M | −$1.23B | — | −46.99% |
| Q2 2017 | 2017-06-30 | −$1.44B | −$1.46B | — | −93.88% |
| Q1 2017 | 2017-03-31 | $542.5M | $332.2M | +157.97% | +28.33% |
| Q4 2016 | 2016-12-31 | −$754.3M | −$1.77B | — | −48.06% |
| Q3 2016 | 2016-09-30 | $413.1M | $672.3M | — | +28.85% |
| Q2 2016 | 2016-06-30 | $20.5M | −$1.09B | −98.15% | +1.72% |
| Q1 2016 | 2016-03-31 | $210.3M | −$265.7M | −55.82% | +22.55% |
| Q4 2015 | 2015-12-31 | $1.01B | $1.43B | — | +112.90% |
| Q3 2015 | 2015-09-30 | −$259.2M | −$475.7M | — | −2240.07% |
| Q2 2015 | 2015-06-30 | $1.11B | $252.1M | +29.47% | +90.42% |
| Q1 2015 | 2015-03-31 | $476.0M | −$498.1M | −51.14% | +18.95% |
| Q4 2014 | 2014-12-31 | −$421.5M | −$1.23B | — | −20.86% |
| Q3 2014 | 2014-09-30 | $216.4M | −$1.17B | −84.41% | +12.89% |
| Q2 2014 | 2014-06-30 | $855.7M | $626.7M | +273.74% | +37.90% |
| Q1 2014 | 2014-03-31 | $974.1M | −$122.8M | −11.20% | +63.81% |
| Q4 2013 | 2013-12-31 | $808.2M | $591.4M | +272.85% | +29.83% |
| Q3 2013 | 2013-09-30 | $1.39B | $1.38B | +34666.34% | +114.08% |
| Q2 2013 | 2013-06-30 | $229.0M | $24.7M | +12.10% | +15.89% |
| Q1 2013 | 2013-03-31 | $1.10B | $975.8M | +805.51% | +88.00% |
| Q4 2012 | 2012-12-31 | $216.8M | −$113.9M | −34.45% | +17.81% |
| Q3 2012 | 2012-09-30 | $4.0M | −$373.0M | −98.94% | +0.33% |
| Q2 2012 | 2012-06-30 | $204.2M | $284.5M | — | +32.56% |
| Q1 2012 | 2012-03-31 | $121.1M | −$314.7M | −72.20% | +12.72% |
| Q4 2011 | 2011-12-31 | $330.7M | $1.04B | — | +36.13% |
| Q3 2011 | 2011-09-30 | $377.0M | $99.5M | +35.84% | — |
| Q2 2011 | 2011-06-30 | −$80.3M | −$74.8M | — | −6.14% |
| Q1 2011 | 2011-03-31 | $435.8M | $422.3M | +3121.92% | +37.79% |
| Q4 2010 | 2010-12-31 | −$711.6M | — | — | −65.64% |
| Q3 2010 | 2010-09-30 | $277.5M | $1.07B | — | +35.39% |
| Q2 2010 | 2010-06-30 | −$5.5M | — | — | −1.00% |
| Q1 2010 | 2010-03-31 | $13.5M | — | — | +1.93% |
| Q3 2009 | 2009-09-30 | −$792.5M | — | — | −132.74% |
Blackstone free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $1.82B to $4.55B, a compound annual growth rate of 20.04%. Blackstone's latest reported quarter, Q2 2026, generated $1.91B in free cash flow, an increase of 125.08% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Blackstone source filings ↗Community posts
Blackstone buys control of a South Korean logistics development
Blackstone ($BX) acquired a majority interest in South Korea’s Sanha Logistics Park II through a primary share issuance. ESR Kendall Square remains an investor and will continue managing the project’s development and assets. Financial terms ...
