Filing Flows › Blackstone (BX) › Q3 2026
Blackstone (BX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Blackstone (BX) reported revenue of $3.1B for the third quarter 2026 (Q3 2026), -0.8% from a year earlier and -39% from the quarter before. Operating margin was 46.9%, net earnings $662M (21.6% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | -39% | -0.8% |
| Operating profit | $1.4B | -46% | +7% |
| Net earnings | $662M | -46% | +6% |
| Operating cash flow | $2.0B | +1% | +23% |
| Free cash flow | $1.9B | +0.4% | +22% |
What changed
Revenue was $3.1B in Q3 2026, down 1% year over year and down 39% from the previous quarter.
Operating profit was $1.4B, a 46.9% margin (up 3.6 points year over year). Total costs fell 7% while revenue fell 1%. Net earnings were $0.66B, up 6% year over year. The effective tax rate was 16.9%.
Operating cash flow was $2.0B (up 23% year over year), 154% of net income including minority interests. Non-cash charges added back $0.33B of share-based compensation. Working capital and other items added $0.36B. Capital expenditures of $0.05B left free cash flow of $1.9B.
Questions
What was Blackstone's revenue in the third quarter 2026?
Blackstone (BX) reported revenue of $3.1B for the third quarter 2026 (Q3 2026), -0.8% from a year earlier and -39% from the quarter before.
Was Blackstone profitable in the third quarter 2026?
Operating profit was $1.4B (46.9% of revenue) and net earnings $662M.
Source: Blackstone 10-Q on SEC EDGAR.