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Blackstone Full Year 2024 Earnings: Beats Expectations

Simply Wall St · 03/06 17:50

Blackstone (NYSE:BX) Full Year 2024 Results

Key Financial Results

  • Revenue: US$12.7b (up 65% from FY 2023).
  • Net income: US$2.78b (up 100% from FY 2023).
  • Profit margin: 22% (up from 18% in FY 2023). The increase in margin was driven by higher revenue.
  • EPS: US$3.62 (up from US$1.84 in FY 2023).
revenue-and-expenses-breakdown
NYSE:BX Revenue and Expenses Breakdown March 6th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Blackstone Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%.

The primary driver behind last 12 months revenue was the Private Equity segment contributing a total revenue of US$4.83b (38% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$6.38b (64% of total expenses). Explore how BX's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 4.7% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Blackstone (at least 1 which is concerning), and understanding them should be part of your investment process.