Here are the 10-K annual reports from Blackstone Inc. (BX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BX filings page.
Blackstone Inc. describes its business model, scale and key risks as the world’s largest alternative asset manager. The firm manages more than $1.3 trillion in Total Assets Under Management as of December 31, 2025 across Real Estate, Private Equity, Credit & Insurance, and Multi‑Asset Investing.
Real Estate manages $319.3 billion, Private Equity $416.4 billion, Credit & Insurance $443.0 billion, and Multi‑Asset Investing $96.2 billion of Total AUM. A growing share comes from perpetual capital vehicles and private wealth products, which are highlighted as important, recurring fee and performance revenue drivers.
The filing emphasizes a rigorous investment and risk‑management process, extensive global regulation, and detailed human‑capital programs for its roughly 5,285 employees. It also outlines major risk factors, including macroeconomic volatility, interest‑rate and credit conditions, fundraising pace, and dependence on performance‑based revenues and carried interest subject to potential clawbacks.