Blackstone annual free cash flow
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2025
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 | — | −47.44% |
| 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 | $80.9M | — | −65.64% |
| Q3 2010 | 2010-09-30 | $277.5M | — | — | +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 SEC-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 filings at SEC.gov ↗