Why did Blackstone Inc. (BX) stock move recently?

On 9/1/2026, Blackstone Inc. moved -4.6% — Blackstone shares fell as Treasury yields rose and rate-hike odds increased, weighing on the broader market and rate-sensitive asset managers despite the company's strong Q2 2026 results. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Blackstone Inc. (BX) overvalued or fairly valued?

MarketChacha shows Blackstone Inc.'s valuation in context — a trailing P/E of about 26.6, a forward P/E of about 14.4, a price-to-book of about 9.5 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Blackstone Inc.'s reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.70×) from reported figures — education, not a rating.

What is Blackstone Inc.'s revenue?

Blackstone Inc. reported revenue of $14.5B for FY2025, with net profit of $3.0B, per official filings.

What is the share price of Blackstone Inc. (BX)?

Blackstone Inc. last traded at $110.34 (+3.0% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Blackstone Inc.

BX · NYSE · Financials · United States

Snapshot

TickerBX

ExchangeNYSE

SectorFinancials

IndustryAsset Management

CountryUnited States

Employees5,285

HeadquartersNew York, United States

Websitewww.blackstone.com

Filings tracked17

About Blackstone Inc.

Blackstone Inc. is an alternative asset management firm specializing in private equity, venture capital, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage, seed, middle market, mature, late venture, growth capital, emerging growth, turnaround, and later stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. Within fund of fund investments, it seeks to invest in private equity funds, venture capital funds, mezzanine funds, distressed debt/turnaround funds, secondary investment funds & real estate funds. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts, recapitalization, special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, cargo, data processing, oil & gas production, oil & gas refining, oil & gas storage, building products, home entertainment, B2B, consumer electronics, home supply store, lodging, commercial services & supplies, metal & mineral mining machinery, coal, hazardous waste collection, solid waste collection, waste water treatment, renewable electricity, equity REITs, power generation by nuclear & fossil fuels, personal loan services, chemicals, other specialty retail, biotech, pharmaceuticals, metal, aerospace, healthcare, cable, entertainment services, infrastructure services, transportation infrastructure, exhaust, life sciences, alternative carriers, infrastructure, system software, manufacturing services, enterprise tech and consumer, enterprise software & application, as well as consumer technologies. The firm considers investment in Asia, Latin America, Japan, Australia, South Korea, Singapore, Hong Kong, Africa, Middle East, Beijing, Shanghai, India, Belgium, France, Ireland, Luxembourg, Monaco, Netherlands, United Kingdom, North America and South America. It seeks to invest between $0.25 million and $900 million per transaction. It invests in companies with enterprise value between $500 million and $5000 million. It makes equity investments up to $300 million through fund of fund investments. It has a three year investment period. The firm prefers to take majority and minority stakes. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. through its subsidiary South City Projects (Kolkata) Limited offers residential and commercial real estate development services that include development of township, residential towers, malls, IT parks, stadiums, resorts, hospitals, and schools. Blackstone Inc. was founded in 1985 and is based in New York, New York with additional offices across Asia, Europe, North America and Central America.

Who owns it

Insiders1.0%
Institutions73.7%
Public & other25.2%

2,706 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.6.92%
Vanguard Capital Management LLC6.46%
Morgan Stanley4.64%
State Street Corporation4.32%
Charles Schwab Investment Management, Inc.3.13%
JPMORGAN CHASE & CO2.55%
Geode Capital Management, LLC2.45%
Vanguard Portfolio Management LLC2.10%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.70×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend17.3% → 20.9%

Margin has expanded by about 3.6 points — the business is getting more profitable.

Return on equity34.8%

Latest ROE of 34.8% — capital is generating a healthy return.

Growth qualityrev 34% · PAT 47%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $4.3B · EPS 1.73

Est. earnings growth -0.9%

Next fiscal year

Rev $18.5B · EPS 7.40

Est. earnings growth +25.1%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$14.5B

Net margin

20.9%

ROE

34.8%

Revenue CAGR (2y)

+34.2%

Profit CAGR (2y)

+47.3%

EPS (FY2025)

3.87

Net profit (FY2025)

$3.0B

Ask MarketChacha about BX

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 1, 2026
Blackstone shares fell as Treasury yields rose and rate-hike odds increased, weighing on the broader market and rate-sensitive asset managers despite the company's strong Q2 2026 results.
source 1 ↗source 2 ↗· confidence: high
Jul 27, 2026
Blackstone shares rose on continued positive reaction to its July 23 Q2 2026 earnings beat, record $1.35T AUM, strong inflows, and emphasis on AI-driven growth, alongside multiple analyst price target upgrades the following day.
source 1 ↗source 2 ↗source 3 ↗· confidence: medium
Jul 24, 2026
Blackstone reported Q2 2026 results on July 23 via 8-K, with EPS of $1.52 (beat vs. ~$1.35 est.), distributable earnings up 26% to $1.98B, revenue growth, and AUM at $1.35T, fueled by AI investments and inflows; the stock rose the next day on the strong beat and outlook.
source 1 ↗source 2 ↗source 3 ↗· confidence: high

Daily moves with the verified reason behind them. Education only — not investment advice.

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$14.5B	$3.0B	3.87	20.9%	34.8%
FY2024	$13.2B	$2.8B	3.62	21.0%	33.8%
FY2023	$8.0B	$1.4B	1.84	17.3%	20.4%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$5.0B	$1.2B	1.54	24.4%
2026Q1	$3.6B	$649.7M	0.83	18.0%
2025Q3	$3.1B	$624.9M	0.80	20.2%
2025Q2	$3.7B	$764.2M	0.98	20.6%
2025Q1	$3.3B	$614.9M	0.80	18.7%
2024Q3	$3.7B	$780.8M	1.02	21.3%
2024Q2	$2.8B	$444.4M	0.58	15.9%
2024Q1	$3.7B	$847.4M	1.11	23.0%
2023Q3	$2.5B	$552.0M	0.73	21.7%
2023Q2	$2.8B	$601.3M	0.79	21.4%
2023Q1	$1.4B	$85.8M	0.11	6.2%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/7/2026
8-K — Results of operations, Exhibits
SEC7/23/2026material
8-K — Reg FD disclosure, Exhibits
SEC6/23/2026material
10-Q filing
SEC5/8/2026
8-K — Results of operations, Exhibits
SEC4/23/2026material
8-K — Reg FD disclosure, Exhibits
SEC3/24/2026material
10-K filing
SEC2/27/2026
8-K — Results of operations, Exhibits
SEC1/29/2026material

2025

10-Q filing
SEC11/7/2025
8-K — Material agreement, Material financial obligation, Other events, Exhibits
SEC11/3/2025material
8-K — Other events, Exhibits
SEC10/28/2025material
8-K — Other events, Exhibits
SEC10/28/2025material
8-K — Results of operations, Exhibits
SEC10/23/2025material
8-K/A — Results of operations, Exhibits
SEC10/23/2025
8-K — Material agreement, Material financial obligation, Exhibits
SEC10/17/2025material
8-K — Reg FD disclosure, Exhibits
SEC9/24/2025material
10-Q filing
SEC8/8/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.