Filing Flows › Blackstone (BX) › Q3 2026 › vs Q3 2025
Blackstone (BX) Q3 2026 vs Q3 2025 (year over year)
Blackstone's revenue fell $25.7M (-0.8%) from $3.1B in Q3 2025 to $3.1B in Q3 2026. Operating margin 46.9% against 43.3% (+3.6 pts).
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 draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 46.9% | 43.3% | +3.6 pts |
| Net margin | 21.6% | 20.2% | +1.4 pts |
| Free cash flow margin | 62.6% | 51.0% | +11.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | −$25.7M | -0.8% |
| Other income, net | $93.4M | $109M | −$15.2M | -14% |
| Operating profit | $1.4B | $1.3B | $99.6M | +7% |
| Costs & expenses | $1.6B | $1.8B | −$125M | -7% |
| Pre-tax earnings | $1.5B | $1.4B | $84.4M | +6% |
| General & admin | $416M | $384M | $32.8M | +9% |
| Other operating costs | $1.2B | $1.4B | −$158M | -12% |
| Net earnings | $662M | $625M | $37.5M | +6% |
| Minority interests | $610M | $612M | −$1.9M | -0.3% |
| Income tax | $259M | $210M | $48.9M | +23% |
| Share-based compensation | $330M | $303M | $27.1M | +9% |
| Working capital & other | $970M | $669M | $301M | +45% |
| Operating cash flow | $2.0B | $1.6B | $365M | +23% |
| Free cash flow (OCF − capex) | $1.9B | $1.6B | $343M | +22% |
| Capital expenditures | $46.0M | $23.9M | $22.0M | +92% |
Questions
How much did Blackstone's revenue grow year over year in Q3 2026?
Blackstone's revenue fell $25.7M (-0.8%) from $3.1B in Q3 2025 to $3.1B in Q3 2026. Operating margin 46.9% against 43.3% (+3.6 pts).