Blackstone said revenues for 2024 were $13.2 billion, an increase of $5.2 billion compared to $8.0 billion for 2023. The company cited an increase of $4.3 billion in Investment Income as the principal driver, composed of increases of $3.0 billion in Unrealized Investment Income and $1.3 billion in Realized Investment Income.

10-KAnnual reportFiled Feb 28, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

Blackstone said revenues for 2024 were $13.2 billion, an increase of $5.2 billion compared to $8.0 billion for 2023. The company cited an increase of $4.3 billion in Investment Income as the principal driver, composed of increases of $3.0 billion in Unrealized Investment Income and $1.3 billion in Realized Investment Income.
Blackstone said expenses for 2024 were $6.8 billion, an increase of $1.8 billion, with Performance Allocations Compensation increasing $1.3 billion. Income Before Provision for Taxes was $6.5 billion and Provision for Taxes was $1.0 billion, resulting in an effective tax rate of 15.8% for 2023 compared to 17.4%.
Blackstone said Total Assets Under Management as of December 31, 2024 were $1,127.2 billion, an increase of $87.0 billion compared to $1,040.2 billion as of December 31, 2023. The Real Estate segment decreased from $336.9 billion to $315.4 billion.
Blackstone said it issued $750 million aggregate principal amount of 5.000% senior notes due December 6, 2034 through an indirect subsidiary on December 6, 2024. As of December 31, 2024, Cash and Cash Equivalents were $2.0 billion, there were no borrowings under the Revolving Credit Facility, and the company drew $900.0 million in February 2025.

Key figures

Fiscal year ended December 31, 2024

Revenue: $13.2B
Net income: $2.8B
EPS: $3.62
Operating cash flow: $3.5B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Annual Revenues $13.2 billion, Investment Income Increases

Blackstone said revenues for 2024 were $13.2 billion, an increase of $5.2 billion compared to $8.0 billion for 2023. The company cited an increase of $4.3 billion in Investment Income as the principal driver, composed of increases of $3.0 billion in Unrealized Investment Income and $1.3 billion in Realized Investment Income.

Source · Based on the MD&A text of the filing

Expenses $6.8 billion and Pre-Tax Income and Taxes

Blackstone said expenses for 2024 were $6.8 billion, an increase of $1.8 billion, with Performance Allocations Compensation increasing $1.3 billion. Income Before Provision for Taxes was $6.5 billion and Provision for Taxes was $1.0 billion, resulting in an effective tax rate of 15.8% for 2023 compared to 17.4%.

Source · Based on the MD&A text of the filing

Total Assets Under Management $1,127.2 billion

Blackstone said Total Assets Under Management as of December 31, 2024 were $1,127.2 billion, an increase of $87.0 billion compared to $1,040.2 billion as of December 31, 2023. The Real Estate segment decreased from $336.9 billion to $315.4 billion.

Source · Based on the MD&A text of the filing

$750 million Senior Notes Issuance and Liquidity

Blackstone said it issued $750 million aggregate principal amount of 5.000% senior notes due December 6, 2034 through an indirect subsidiary on December 6, 2024. As of December 31, 2024, Cash and Cash Equivalents were $2.0 billion, there were no borrowings under the Revolving Credit Facility, and the company drew $900.0 million in February 2025.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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