Blackstone (BX) Revenue — Quarter Ended Sep 30, 2025
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The decrease follows a period of sequential growth in the two preceding quarters.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The decrease follows a period of sequential growth in the two preceding quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1B
Revenue reported for this quarter.
Quarter-over-quarter
-16.8%
Change from the immediately preceding quarter.
Year-over-year
-15.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.2B
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, 2024 | $3.1B | +139.9% |
| Mar 31, 2025 | $3.3B | +17.6% |
| Jun 30, 2025 | $3.7B | +32.7% |
| Sep 30, 2025 | $3.1B | -15.7% |
Revenue performance
The reported revenue moved lower, reversing the upward trajectory seen in the immediately preceding quarter.
Quarterly comparison
Revenue was down from the prior quarter and also down from the same quarter one year ago. The prior quarter had shown a significant increase from the quarter before that.
What to watch
Monitor whether the current quarter’s decline signals a change in the revenue trend after two consecutive quarters of growth.