Unprecedented Growth in Q4

Blackstone Inc. announced an extraordinary 139% increase in total revenue for the fourth quarter of fiscal year 2024, reaching $3.1 billion. The net income saw a monumental rise of 1117%, culminating in $1.3 billion. Diluted earnings per share (EPS) also experienced a significant boost, increasing by 359% to $0.92 compared to the previous year.

Record-Breaking Yearly Performance

For the entire year of 2024, Blackstone's total revenue surged by 64% to $13.2 billion. Net income for the year climbed by 122% to $5.5 billion, while diluted EPS advanced by 96% to $3.62.

Leadership's Perspective

"This quarter marks one of the most successful periods in Blackstone's history, with accelerated earnings growth and peak levels in inflows, investment activity, and realizations over the past two and a half years. As we progress into 2025, the firm is demonstrating remarkable momentum," stated Chairman and CEO Stephen A. Schwarzman. Following the earnings report, Blackstone's shares saw a 1.84% increase in premarket trading, reaching $188.8 per share.