v3.26.1
Reconciliation of Total Segments to Reported on the Consolidated Statements of Operations (Detail) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Revenues [1] $ (15,812) $ (12,319)
Investment Income — Realized Performance Allocations 1,103,173 562,050
Realized Performance Revenues 488,098 293,915
Compensation 1,166,897 1,029,362
Incentive Fee Compensation 54,368 57,029
Realized Performance Allocations Compensation 433,449 241,890
Realized Performance Revenues 1,268,592 753,875
Segment Adjustment [2] 0 63
Total Compensation and Benefits 1,654,714 1,328,281
General, Administrative and Other 372,821 332,373
General, Administrative and Other [3] (29,366) (25,498)
Investment Income — Realized Performance Allocations 1,103,173 562,050
Realized Performance Revenues 1,268,592 753,875
Realized Performance Compensation (487,817) (298,919)
Investment Income Realized 143,020 185,542
Investment Income Realized [4] (111,047) (67,632)
Investment Income Realized 31,973 117,910
Segment Adjustment [5] 29 (19,073)
Less: Fee Related Performance Compensation [6] (112,247) (70,746)
Total Segment 487,817 298,919
Management and Advisory Fees, Net    
Segment Reporting Information [Line Items]    
Revenues 2,148,620 1,904,317
Incentive Fees    
Segment Reporting Information [Line Items]    
Revenues 165,419 191,825
Operating Segments    
Segment Reporting Information [Line Items]    
Revenues 2,132,808 1,891,998
Realized Performance Revenues 488,098 293,915
Realized Performance Revenues 780,494 460,023
Realized Performance Revenues (488,098) (293,915)
General, Administrative and Other 343,455 306,875
Realized Performance Revenues 780,494 460,023
Less: Realized Performance Revenues (780,494) (460,023)
Realized Performance Compensation (364,056) (220,924)
Investment Income Realized 31,973 117,910
Less: Equity-Based Compensation — Fee Related Compensation (549,703) (464,053)
Less: Equity-Based Compensation — Performance Compensation (11,514) (7,249)
Total Compensation and Benefits 729,470 616,982
Less: Equity-Based Compensation — Performance Compensation (11,514) (7,249)
Total Segment 364,056 220,924
Operating Segments | Management and Advisory Fees, Net    
Segment Reporting Information [Line Items]    
Revenues $ 2,132,808 $ 1,891,998
[1] Represents (1) the add back of net management fees earned from consolidated Blackstone funds which have been eliminated in consolidation, and (2) the removal of amounts attributable to the reimbursement of certain expenses by the Blackstone Funds and certain NAV-based fee arrangements, which are presented on a gross basis under GAAP but as a reduction of Management and Advisory Fees, Net in the Total Segment measures.
[2] Represents the add back of Performance Revenues earned from consolidated Blackstone funds which have been eliminated in consolidation.
[3] Represents the (1) removal of Transaction-Related and Non-Recurring Items that are not recorded in the Total Segment measures, (2) removal of amounts attributable to certain expenses that are reimbursed by the Blackstone Funds and certain NAV-based fee arrangements, which are presented on a gross basis under GAAP but as a reduction of Management and Advisory Fees, Net in the Total Segment measures, and (3) a reduction equal to an administrative fee collected on a quarterly basis from certain holders of Blackstone Holdings Partnership Units which is accounted for as a capital contribution under GAAP, but is reflected as a reduction of Other Operating Expenses in Blackstone’s segment presentation.
[4] Represents (1) the add back of Principal Investment Income, including general partner income, earned from consolidated Blackstone funds which have been eliminated in consolidation, and (2) the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling interests.
[5] Represents the removal of Transaction-Related and Non-Recurring Items that are not recorded in the Total Segment measures.
[6] Fee related performance compensation may include equity-based compensation based on fee related performance revenues.