BX Blackstone Group

Q3 2025 10-Q

Filed: Nov 7, 2025Period ending Sep 30, 2025

Financials

Investment AdviceSEC EDGAR

Blackstone Group (BX) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 7, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue $3.09B Q3 2025, down 16% YoY from $3.66B Q3 2024, mainly due to $967.6M decrease in Investment Income (loss)
• Net income $625M Q3 2025, down 20% YoY from $781M Q3 2024; operating margin approx. 20.2% Q3 2025 vs. 21.3% Q3 2024 (Income Before Taxes/Revenue)

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Risk Factors

• No new or updated risk factors disclosed since the 2024 10-K
• Material market and geopolitical risk flagged, referencing worsening conditions impacting revenue, earnings, and cash flow

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Quarterly Financial Summary
XBRL

Revenue

$3.1B

▼ -15.7% YoY▼ -16.8% QoQ

Net Income

$625M

▼ -20.0% YoY▼ -18.2% QoQ

Net Margin

20.2%

▼ -108bp YoY▼ -36bp QoQ

ROE

7.4%

Total Assets

$46.6B

EPS (Diluted)

$0.80

▼ -21.6% YoY▼ -17.5% QoQ

Operating Cash Flow

$1.6B

▲ +30.8% YoY▲ +79.8% QoQ

Source: XBRL data from Blackstone Group Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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