Blackstone (BX) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth reversed a decline seen in the preceding period.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth reversed a decline seen in the preceding period.
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
+31.0%
Change from the immediately preceding quarter.
Year-over-year
+44.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.4B
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 |
|---|---|---|
| Dec 31, 2023 | $1.3B | -24.6% |
| Mar 31, 2024 | $3.7B | +166.9% |
| Jun 30, 2024 | $2.8B | +102.4% |
| Sep 30, 2024 | $3.7B | +44.1% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, marking a positive sequential performance. This follows a quarter where revenue had declined.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was also higher. The year-over-year growth rate was stronger than the sequential change.
What to watch
The filing context describes management and advisory fees tied to assets under management, which may influence future revenue trends.