SuperworthBlackstone profit margin BX
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 21.8%
- Operating margin, 12 months
- 50.5%
- Net margin on a year earlier
- +1.0 pts
- Peer median
- 17.3%
Over the twelve months to Jun 30, 2026, Blackstone kept 21.8% of its revenue as net profit, with an operating margin of 50.5%.
Five years earlier its net margin was 26.7%.
The median for 10 asset managers of a similar size is 17.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 20.9% | 50.3% |
| FY2024 | 21.0% | 51.5% |
| FY2023 | 17.3% | 43.0% |
| FY2022 | 20.5% | 45.6% |
| FY2021 | 25.9% | 58.9% |
| FY2020 | 17.1% | 45.1% |
| FY2019 | 27.9% | 50.9% |
| FY2018 | 22.6% | 51.0% |
| FY2017 | 20.6% | 55.9% |
| FY2016 | 20.3% | 60.8% |
| FY2015 | 15.3% | 48.7% |
| FY2014 | 21.2% | 66.1% |
| FY2013 | 17.7% | 66.4% |
| FY2012 | 5.4% | 37.5% |
| FY2011 | −5.2% | 8.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 21.8% | +1.0 pts | 50.5% | |
| Q1 FY26 | 20.7% | +0.8 pts | 49.0% | |
| Q4 FY25 | 20.9% | −0.1 pts | 50.3% | |
| Q3 FY25 | 20.6% | +1.1 pts | 49.7% | |
| Q2 FY25 | 20.8% | +1.5 pts | 50.7% | |
| Q1 FY25 | 19.8% | −1.0 pts | 49.3% | |
| Q4 FY24 | 21.0% | +3.6 pts | 51.5% | |
| Q3 FY24 | 19.5% | −1.8 pts | 48.8% | |
| Q2 FY24 | 19.4% | +1.4 pts | 48.3% | |
| Q1 FY24 | 20.8% | +7.9 pts | 50.0% | |
| Q4 FY23 | 17.3% | −3.2 pts | 43.0% | |
| Q3 FY23 | 21.3% | +0.7 pts | 44.8% |
Against its peers
Companies in Asset Management nearest Blackstone's size, closest first, today.
| Company | Profit margin |
|---|---|
| BXBlackstone | 21.8% |
| KKRKKR | 14.8% |
| APOApollo Global Management | 5.2% |
| STTState Street | 23.0% |
| AMPAmeriprise Financial | 19.9% |
| BLKBlackRock | 24.2% |
| ARESAres Management | 10.6% |
| NTRSNorthern Trust | 24.8% |
| RJFRaymond James Financial | 13.6% |
| PFGPrincipal Financial | 9.9% |
| TROWT. Rowe Price | 29.3% |
| Peer median | 17.3% |
Where Blackstone ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Blackstone
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.