Blackstone (BX) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The rise marks a reversal from the decline seen in the prior quarter.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The rise marks a reversal from the decline seen in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
+187.0%
Change from the immediately preceding quarter.
Year-over-year
+166.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $2.8B | +347.3% |
| Sep 30, 2023 | $2.5B | +140.2% |
| Dec 31, 2023 | $1.3B | -24.6% |
| Mar 31, 2024 | $3.7B | +166.9% |
Revenue performance
The company's revenue, which is primarily derived from management and advisory fees based on assets under management, moved higher during the period.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose sharply, and it also increased from the same quarter one year earlier. The prior quarter had experienced a decline.
What to watch
Changes in assets under management or fee rate structures could influence future revenue trends.