Blackstone Inc.

BX · Investment Advice · 742.9M shares · +3%/yr ↑ dilution · EDGAR filings ↗

Reference price $26.14 · est. market cap ~$19.4B — last insider purchase, 2026-06-23 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

A82

Blackstone — dominant alternative-asset manager with elite returns.

Strengths

ROE 34.8% (82nd pct); free cash flow 100th, cash 94th
Scale leader across PE, real estate, credit and infrastructure

Risks

Leverage (D/E 1.45); fundraising and realization cyclicality
Real-estate-cycle and rate sensitivity

Notable findings

Insider buyingInsider buying — 14 open-market buy(s) by 5 insider(s) (cluster of 5 insiders, ~$317M, last 6mo) Form 4 ↗
Revenue declineRevenue -17.0% YoY
Insider sellingInsider selling — 34 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$3.3B, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $3.7B2025-09-30 · $3.1B2025-12-31 · $4.4B2026-03-31 · $3.6B

Last 4 quarters · from SEC filings.

Key metrics

Net margin

20.9%

Return on equity

34.8%

Return on assets

6.3%

Revenue growth (QoQ)

-17.0%

Net-income growth

8.7%

Debt / equity

1.5×

Free cash flow

$4.5B

Tangible book value

$6.6B

Cash & investments

$2.6B

Stock comp / revenue

10.0%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-23	Blackstone Private Multi-Asset Credit & Income Fund	Buy	765K	$26.14
2026-06-16	BX Buzz ML-1 GP LLC	Sell	405K	$3.78
2026-06-16	BX Buzz ML-1 GP LLC	Sell	2.5M	$3.78
2026-06-16	BX Buzz ML-1 GP LLC	Sell	181K	$3.78
2026-06-16	BX Buzz ML-1 GP LLC	Sell	1.1M	$3.78
2026-06-16	BX Buzz ML-1 GP LLC	Sell	3.3M	$3.78
2026-06-16	BX Buzz ML-1 GP LLC	Sell	30K	$3.78
2026-06-16	BX Buzz ML-1 GP LLC	Sell	6.5K	$3.78
2026-05-28	BCP 8 Holdings Mozart Manager L.L.C.	Sell	2.3M	$36.54
2026-05-28	BCP 8 Holdings Mozart Manager L.L.C.	Sell	19.7M	$36.54
2026-05-28	BCP 8 Holdings Mozart Manager L.L.C.	Other	438K	—
2026-05-28	BCP 8 Holdings Mozart Manager L.L.C.	Sell	1.5M	$36.54
2026-05-28	BCP 8 Holdings Mozart Manager L.L.C.	Sell	9.9M	$36.54
2026-05-21	BCP 8 Holdings Mozart Manager L.L.C.	Other	1.5M	—
2026-05-21	BCP 8 Holdings Mozart Manager L.L.C.	Conversion	9.9M	—
2026-05-21	BCP 8 Holdings Mozart Manager L.L.C.	Conversion	1.5M	—
2026-05-21	BCP 8 Holdings Mozart Manager L.L.C.	Other	9.9M	—
2026-05-15	Blackstone Treasury Holdings III L.L.C.	Buy	9.1M	$20.00
2026-05-15	Blackstone Treasury Holdings III L.L.C.	Buy	375K	$20.00
2026-05-11	Porat Ruth	Buy	229	$123.19
2026-05-11	Porat Ruth	Buy	126	$122.77
2026-05-11	Porat Ruth	Buy	84	$122.77
2026-05-01	Sawhney Vikrant	Sell	17K	$125.55
2026-05-01	Sawhney Vikrant	Sell	13K	$126.11
2026-04-09	Blackstone EMA III L.L.C.	Conversion	9.5M	—
2026-04-09	Blackstone EMA III L.L.C.	Conversion	9.5M	—
2026-04-09	Blackstone EMA III L.L.C.	Sell	9.5M	$54.00
2026-04-09	Blackstone EMA III L.L.C.	Sell	5.9M	$54.00
2026-04-01	Payne David	Grant	18K	—
2026-04-01	Finley John G	Grant	152K	—
2026-04-01	BREYER JAMES	Grant	2.0K	—
2026-04-01	Sawhney Vikrant	Grant	129K	—
2026-04-01	GRAY JONATHAN	Grant	303K	—
2026-04-01	Baratta Joseph	Grant	125K	—
2026-04-01	Chae Michael	Grant	153K	—
2026-04-01	Brown Reginald J	Grant	2.0K	—
2026-04-01	Parrett William G	Grant	2.0K	—
2026-04-01	LAZARUS ROCHELLE B	Grant	2.0K	—
2026-04-01	Porat Ruth	Grant	2.0K	—
2026-03-20	Blackstone Holdings IV GP Management (Delaware) L.P.	Buy	956K	$26.15
2026-03-20	Blackstone Holdings IV GP Management (Delaware) L.P.	Buy	1.9M	$26.15
2026-03-17	BX Buzz ML-1 GP LLC	Sell	181K	$3.51
2026-03-17	BX Buzz ML-1 GP LLC	Sell	2.5M	$3.51
2026-03-17	BX Buzz ML-1 GP LLC	Sell	405K	$3.51
2026-03-17	BX Buzz ML-1 GP LLC	Sell	1.1M	$3.51
2026-03-17	BX Buzz ML-1 GP LLC	Sell	30K	$3.51
2026-03-17	BX Buzz ML-1 GP LLC	Sell	3.3M	$3.51
2026-03-17	BX Buzz ML-1 GP LLC	Sell	6.5K	$3.51
2026-03-10	BCP 8 Holdings Mozart Manager L.L.C.	Sell	1.2M	$40.51
2026-03-10	Finley John G	Gift	7.5K	—
2026-03-10	Finley John G	Gift	7.5K	—
2026-03-10	BCP 8 Holdings Mozart Manager L.L.C.	Other	366K	—
2026-03-10	BCP 8 Holdings Mozart Manager L.L.C.	Sell	1.9M	$40.51
2026-03-10	BCP 8 Holdings Mozart Manager L.L.C.	Sell	8.2M	$40.51
2026-03-10	BCP 8 Holdings Mozart Manager L.L.C.	Sell	16.5M	$40.51
2026-03-05	BCP 8 Holdings Mozart Manager L.L.C.	Other	162K	—
2026-03-05	BCP 8 Holdings Mozart Manager L.L.C.	Conversion	1.1M	—
2026-03-05	BCP 8 Holdings Mozart Manager L.L.C.	Conversion	162K	—
2026-03-05	BCP 8 Holdings Mozart Manager L.L.C.	Other	1.1M	—
2026-03-04	BCP 8 Holdings Mozart Manager L.L.C.	Other	1.1M	—
2026-03-04	BCP 8 Holdings Mozart Manager L.L.C.	Conversion	7.2M	—
2026-03-04	BCP 8 Holdings Mozart Manager L.L.C.	Conversion	1.1M	—
2026-03-04	BCP 8 Holdings Mozart Manager L.L.C.	Other	7.2M	—
2026-03-03	Blackstone Holdings I L.P.	Sell	25K	$19.00
2026-02-27	Blackstone Tactical Opportunities Fund - U - NQ L.L.C.	Sell	1	—
2026-02-27	Blackstone Tactical Opportunities Fund - U - NQ L.L.C.	Sell	1	—
2026-02-27	Blackstone Tactical Opportunities Fund - U - NQ L.L.C.	Sell	1.2M	$10.00
2026-02-27	Blackstone Tactical Opportunities Fund - U - NQ L.L.C.	Sell	2.2K	$10.00
2026-02-27	Blackstone Tactical Opportunities Fund - U - NQ L.L.C.	Sell	386K	$10.00
2026-02-23	Blackstone Holdings IV GP Management (Delaware) L.P.	Buy	191K	$26.16
2026-02-23	Blackstone Holdings IV GP Management (Delaware) L.P.	Buy	956K	$26.16
2026-02-17	Porat Ruth	Buy	149	$131.11
2026-02-17	Porat Ruth	Buy	100	$131.11
2026-02-17	Porat Ruth	Buy	276	$130.30
2026-02-12	Blackstone Holdings I L.P.	Buy	100K	$17.66
2026-01-12	GRAY JONATHAN	Grant	51K	—
2026-01-12	Chae Michael	Grant	41K	—
2026-01-12	Baratta Joseph	Grant	51K	—
2026-01-12	Sawhney Vikrant	Grant	29K	—
2026-01-12	Finley John G	Grant	15K	—
2026-01-12	Payne David	Grant	1.7K	—
2026-01-08	Blackstone EMA III L.L.C.	Conversion	780K	—
2026-01-08	Blackstone EMA III L.L.C.	Sell	780K	$45.00
2026-01-08	Blackstone EMA III L.L.C.	Sell	480K	$45.00
2026-01-08	Blackstone EMA III L.L.C.	Conversion	780K	—
2025-12-19	Blackstone Holdings IV GP Management (Delaware) L.P.	Buy	192K	$26.01
2025-12-19	Blackstone Holdings IV GP Management (Delaware) L.P.	Buy	192K	$26.01
2025-12-18	Mozart Aggregator II LP	Other	7.0M	—
2025-12-18	Mozart Aggregator II LP	Other	269K	—
2025-12-18	Mozart Aggregator II LP	Sell	13.5M	$28.37
2025-12-16	Blackstone EMA III L.L.C.	Conversion	5.2M	—
2025-12-16	Blackstone EMA III L.L.C.	Sell	5.2M	$45.00
2025-12-16	Blackstone EMA III L.L.C.	Sell	3.2M	$45.00
2025-12-16	Blackstone EMA III L.L.C.	Conversion	5.2M	—
2025-12-04	Blackstone Tactical Opportunities Fund - U - NQ L.L.C.	Sell	1.2M	$10.00
2025-12-04	Blackstone Tactical Opportunities Fund - U - NQ L.L.C.	Sell	386K	$10.00
2025-12-04	Blackstone Tactical Opportunities Fund - U - NQ L.L.C.	Sell	2.2K	$10.00
2025-11-21	Blackstone Holdings IV GP Management (Delaware) L.P.	Buy	193K	$25.96
2025-11-21	Blackstone Holdings IV GP Management (Delaware) L.P.	Buy	193K	$25.96
2025-11-12	Parrett William G	Gift	2.2K	—
2025-11-12	Parrett William G	Gift	2.2K	—
2025-11-10	Porat Ruth	Buy	207	$148.92
2025-11-10	Porat Ruth	Buy	78	$143.40
2025-11-10	Porat Ruth	Buy	117	$143.40
2025-11-09	Parrett William G	Grant	1.5K	—
2025-11-05	Blackstone Inc.	Other	1	—
2025-11-05	Blackstone Inc.	Other	1	—
2025-11-05	Blackstone Inc.	Other	1	—
2025-11-05	Blackstone Inc.	Conversion	32K	—
2025-11-05	Blackstone Inc.	Conversion	148K	—
2025-11-05	Blackstone Inc.	Conversion	16.4M	—
2025-11-04	BREYER JAMES	Buy	3.7K	$142.89
2025-11-04	BREYER JAMES	Buy	10K	$144.21
2025-10-29	BREYER JAMES	Buy	13K	$151.23
2025-10-21	Blackstone Holdings IV GP Management (Delaware) L.P.	Buy	8.6M	$25.77
2025-10-21	Blackstone Holdings IV GP Management (Delaware) L.P.	Buy	679K	$25.77
2025-09-25	Baratta Joseph	Sell	109K	$175.67
2025-09-25	Baratta Joseph	Sell	3.8K	$176.40
2025-09-22	Blackstone Private Multi-Asset Credit & Income Fund	Buy	1.2M	$25.61
2025-09-22	Blackstone Private Multi-Asset Credit & Income Fund	Buy	1.4M	$25.61
2025-09-15	Brown Reginald J	Grant	1.1K	—
2025-09-09	Finley John G	Gift	10K	—
2025-09-08	Finley John G	Sell	22K	$171.46
2025-08-21	Blackstone Private Multi-Asset Credit & Income Fund	Buy	1.2M	$25.50
2025-08-21	Blackstone Private Multi-Asset Credit & Income Fund	Buy	2.0M	$25.50
2025-08-19	Blackstone EMA II L.L.C.	Other	8.6M	—
2025-08-19	Blackstone EMA II L.L.C.	Other	11.4M	—
2025-08-14	Sawhney Vikrant	Sell	24K	$172.99
2025-08-14	Sawhney Vikrant	Sell	18K	$174.04
2025-08-14	Sawhney Vikrant	Sell	8.0K	$174.69
2025-08-13	BX Buzz ML-1 GP LLC	Conversion	66K	—
2025-08-13	BX Buzz ML-1 GP LLC	Sell	14K	$6.26
2025-08-13	BX Buzz ML-1 GP LLC	Sell	7.3M	$6.26
2025-08-13	BX Buzz ML-1 GP LLC	Sell	66K	$6.26
2025-08-13	BX Buzz ML-1 GP LLC	Sell	2.4M	$6.26
2025-08-13	BX Buzz ML-1 GP LLC	Sell	904K	$6.26
2025-08-13	BX Buzz ML-1 GP LLC	Sell	5.6M	$6.26
2025-08-13	BX Buzz ML-1 GP LLC	Sell	405K	$6.26
2025-08-13	BX Buzz ML-1 GP LLC	Conversion	7.3M	—
2025-08-13	BX Buzz ML-1 GP LLC	Conversion	14K	—
2025-08-11	Porat Ruth	Buy	143	$170.61
2025-08-11	Porat Ruth	Buy	79	$169.72
2025-08-11	Porat Ruth	Buy	52	$169.72
2025-08-07	Payne David	Sell	9.4K	$169.97
2025-08-05	Baratta Joseph	Sell	73K	$167.19
2025-08-05	Baratta Joseph	Sell	27K	$167.83
2025-07-18	Blackstone Holdings I L.P.	Buy	1.2M	$25.22
2025-07-14	BREYER JAMES	Grant	1.3K	—
2025-07-09	LAZARUS ROCHELLE B	Grant	1.3K	—
2025-06-25	Porat Ruth	Grant	1.5K	—
2025-06-09	Blackstone Holdings IV L.P.	Sell	49K	$82.61
2025-06-09	Blackstone Holdings IV L.P.	Sell	2.7M	$82.61
2025-06-09	Blackstone Holdings IV L.P.	Sell	100K	$82.61
2025-06-09	Blackstone Holdings IV L.P.	Sell	113K	$82.61
2025-06-09	Blackstone Holdings IV L.P.	Sell	82K	$82.61
2025-05-23	Blackstone Holdings III L.P.	Conversion	10.1M	—
2025-05-19	Blackstone Holdings IV L.P.	Sell	3.8K	$80.91
2025-05-19	Blackstone Holdings IV L.P.	Sell	208K	$80.91
2025-05-19	Blackstone Holdings IV L.P.	Sell	7.8K	$80.91
2025-05-19	Blackstone Holdings IV L.P.	Sell	8.9K	$80.91
2025-05-19	Blackstone Holdings IV L.P.	Sell	6.4K	$80.91
2025-05-16	Blackstone Holdings IV L.P.	Sell	42K	$80.91
2025-05-16	Blackstone Holdings IV L.P.	Sell	1.4M	$80.91
2025-05-16	Blackstone Holdings IV L.P.	Sell	52K	$80.91
2025-05-16	Blackstone Holdings IV L.P.	Sell	59K	$80.91
2025-05-16	Blackstone Holdings IV L.P.	Sell	26K	$80.91
2025-05-08	Finley John G	Sell	25K	$138.46
2025-05-08	Finley John G	Sell	242	$139.04
2025-05-05	Porat Ruth	Buy	150	$135.86
2025-05-05	Porat Ruth	Buy	87	$137.14
2025-05-05	Porat Ruth	Buy	58	$137.14
2025-05-01	Blackstone Real Estate Special Situations Advisors L.L.C.	Other	100	—
2025-05-01	Blackstone Private Credit Strategies LLC	Buy	1.7M	$15.00
2025-04-16	GSO Altus Holdings LP	Disposition	21.1M	$5.00
2025-04-01	Chae Michael	Grant	101K	—
2025-04-01	Payne David	Grant	12K	—
2025-04-01	Finley John G	Grant	101K	—
2025-04-01	GRAY JONATHAN	Grant	202K	—
2025-04-01	Sawhney Vikrant	Grant	86K	—
2025-04-01	Baratta Joseph	Grant	67K	—
2025-03-04	Parrett William G	Gift	1.2K	—
2025-03-04	Parrett William G	Gift	1.2K	—
2025-02-18	Porat Ruth	Buy	74	$164.82
2025-02-18	Porat Ruth	Buy	190	$164.86
2025-02-18	Porat Ruth	Buy	111	$164.82
2025-01-10	Chae Michael	Grant	34K	—
2025-01-10	Payne David	Grant	1.3K	—
2025-01-10	GRAY JONATHAN	Grant	42K	—
2025-01-10	Sawhney Vikrant	Grant	24K	—
2025-01-10	Baratta Joseph	Grant	42K	—
2025-01-10	Finley John G	Grant	12K	—

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-23	Reg FDExhibits	filing ↗
2026-04-23	ResultsExhibits	filing ↗
2026-03-24	Reg FDExhibits	filing ↗
2026-01-29	ResultsExhibits	filing ↗
2025-11-03	Material agreementDebt obligationOtherExhibits	filing ↗
2025-10-28	OtherExhibits	filing ↗
2025-10-28	OtherExhibits	filing ↗
2025-10-23	ResultsExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-23	2026-06-23	0001193125-26-279498 ↗
10-Q	2026-05-08	2026-03-31	0001193125-26-214609 ↗
8-K	2026-04-23	2026-04-23	0001193125-26-171788 ↗
8-K	2026-03-24	2026-03-24	0001193125-26-121857 ↗
10-K	2026-02-27	2025-12-31	0001193125-26-082531 ↗
8-K	2026-01-29	2026-01-29	0001193125-26-028145 ↗
10-Q	2025-11-07	2025-09-30	0001193125-25-272343 ↗
8-K	2025-11-03	2025-10-28	0001193125-25-262626 ↗
8-K	2025-10-28	2025-10-28	0001193125-25-252448 ↗
8-K	2025-10-28	2025-10-28	0001193125-25-253885 ↗
8-K	2025-10-23	2025-10-23	0001193125-25-247643 ↗
8-K/A	2025-10-23	2025-10-23	0001193125-25-248907 ↗