v3.26.1
Carrying Value and Fair Value of Blackstone Issued Notes (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Debt Instrument [Line Items]    
Carrying Value $ 13,280,285 $ 12,445,144
Fair Value 11,950,354 11,394,706
Blackstone Fund Facilities    
Debt Instrument [Line Items]    
Carrying Value [1] 900,000 0
Fair Value [1] 900,000 0
Senior Secured Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 13,189,537 12,318,723
Fair Value [2] 11,856,153 11,264,939
Borrowings Of Consolidated Blackstone Funds    
Debt Instrument [Line Items]    
Carrying Value 90,748 126,421
Fair Value 94,201 129,767
Borrowings Of Consolidated Blackstone Funds | Blackstone Fund Facilities    
Debt Instrument [Line Items]    
Carrying Value [3] 90,748 126,421
Fair Value [3] 94,201 129,767
1.000% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 699,692 711,022
Fair Value [2] 686,810 696,585
3.150% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 299,367 299,264
Fair Value [2] 294,699 295,941
5.900% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 597,969 597,667
Fair Value [2] 612,696 619,068
1.625% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 647,608 647,359
Fair Value [2] 609,154 610,688
1.500% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 701,538 713,034
Fair Value [2] 649,212 673,772
2.500% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 495,850 495,590
Fair Value [2] 463,830 467,930
4.300% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 594,718 594,461
Fair Value [2] 591,132 600,162
1.600% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 497,503 497,384
Fair Value [2] 428,115 435,810
2.000% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 792,079 791,761
Fair Value [2] 679,440 689,088
2.550% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 496,759 496,635
Fair Value [2] 437,170 444,025
6.200% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 893,450 893,266
Fair Value [2] 953,514 975,870
3.500% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 550,050 559,079
Fair Value [2] 548,548 582,161
5.000% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 741,740 741,552
Fair Value [2] 735,735 757,718
4.950% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 594,689 594,586
Fair Value [2] 579,798 596,592
6.250% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 240,159 240,076
Fair Value [2] 254,223 264,443
5.000% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 490,638 490,561
Fair Value [2] 446,975 466,615
4.450% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 345,037 344,996
Fair Value [2] 287,970 302,855
4.000% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 291,664 291,605
Fair Value [2] 225,156 236,016
3.500% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 392,856 392,808
Fair Value [2] 273,892 286,888
2.800% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 394,444 394,405
Fair Value [2] 235,640 246,808
2.850% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 543,685 543,643
Fair Value [2] 327,184 345,164
3.200% Notes    
Debt Instrument [Line Items]    
Carrying Value [2] 988,042 987,969
Fair Value [2] $ 635,260 $ 670,740
[1] Represents the Revolving Credit Facility of Blackstone, through Blackstone Holdings Finance Co. L.L.C. Interest on the borrowings is based on an adjusted Secured Overnight Finance Rate (“SOFR”) or alternate base rate, in each case plus a margin, and undrawn commitments bear a commitment fee of 0.06%. The margin above adjusted SOFR used to calculate interest on borrowings was 0.75%. The margin is subject to change based on Blackstone’s credit rating. Borrowings may also be made in U.K. sterling, euros, Swiss francs, Japanese yen or Canadian dollars, in each case subject to certain sub-limits. The Revolving Credit Facility contains customary representations, covenants and events of default. Financial covenants consist of a maximum net leverage ratio and a requirement to keep a minimum amount of fee-earning assets under management, each tested quarterly. As of March 31, 2026 and December 31, 2025, Blackstone had outstanding but undrawn letters of credit against the Revolving Credit Facility of $39.3 million. The amount Blackstone can draw from the Credit Facility is reduced by the undrawn letters of credit. In [May] 2026, we drew $700.0 million under the Revolving Credit Facility.
[2] Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy.
[3] Blackstone Fund Facilities represent borrowing facilities for the various consolidated Blackstone Funds that are used to meet liquidity and investing needs. Such borrowings have varying maturities and may be rolled over until a disposition or refinancing event. Borrowings bear interest at spreads to market rates or at stated fixed rates that can vary over the borrowing term. Interest may be subject to the performance of the assets within the fund and therefore, the stated interest rate and effective interest rate may differ.