Filing Flows › Blackstone (BX) › Operating margin
Blackstone (BX) operating margin by quarter
Blackstone's operating margin was 46.9% in Q3 2026 (third quarter 2026), -6.0 pts from Q2 2026. Over the last 7 quarters it ranged from 37.5% (Q1 2026) to 52.9% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 46.9% | -6.0 pts | +3.6 pts |
| Q2 2026 | 52.9% | +15.4 pts | +5.0 pts |
| Q1 2026 | 37.5% | -13.8 pts | -4.9 pts |
| Q4 2025 | 51.3% | +7.9 pts | — |
| Q3 2025 | 43.3% | -4.6 pts | — |
| Q2 2025 | 47.9% | +5.5 pts | — |
| Q1 2025 | 42.4% | — | — |
Q3 2026 at a glance
Blackstone, Q3 2026: revenue $3.1B (-0.8% year over year), operating margin 46.9%, net earnings $662M, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
Questions
What is Blackstone's operating margin?
Blackstone's operating margin was 46.9% in Q3 2026 (third quarter 2026), -6.0 pts from Q2 2026.
How has Blackstone's operating margin changed?
Over the last 7 quarters it ranged from 37.5% (Q1 2026) to 52.9% (Q2 2026).